Deal Description: On April 20, 2020, Kimbell Royalty Partners, LP (“Kimbell”), a leading owner of oil and gas mineral and royalty interests across 28 states, announced that it has closed its previously announced acquisition of the mineral and royalty interests held by Dallas-based Springbok Energy Partners, LLC and Springbok Energy Partners II, LLC. The purchase price for the acquisition was comprised of approximately $95 million in cash, subject to standard pre-closing adjustments, and approximately 2.2 million common units of Kimbell and approximately 2.5 million common units of Kimbell Royalty Operating, LLC.
Baker Botts L.L.P. represented Kimbell in this transaction.
Outside Counsel to Kimbell: Baker Botts L.L.P. and Kelly Hart & Hallman LLP
Outside Counsel to Springbok: Willkie Farr & Gallagher LLP
Baker Botts Lawyers/Office Involved:
Corporate: Jason Rocha (Partner, Houston); Eileen Boyce (Senior Associate, Houston); Jennifer Gasser (Associate, Houston); Steven Lackey (Associate, Houston); Nathaniel Richards (Associate, Houston)
Tax: Mike Bresson (Partner, Houston); Chuck Campbell (Special Counsel, Houston)
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.