Kimbell Royalty Partners, LP Reports Production Results for the Third Quarter Ended September 30, 2023
November 02, 2023 at 07:00 am EDT
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Kimbell Royalty Partners, LP reported production results for the third quarter ended September 30, 2023. Third quarter 2023 run-rate average daily production was 19,777 Boe per day (6:1), which was composed of approximately 51% from natural gas (6:1) and approximately 49% from liquids (34% from oil and 15% from NGLs). Including a full Third Quarter 2023 impact of the Acquired Production, the revenues from which will be received by the Company, run-rate production was 23,531 Boe per day (6:1).
Kimbell Royalty Partners, LP is an oil and gas mineral and royalty company. It owns mineral and royalty interests in over 17 million gross acres in 28 states and in onshore basin in the continental United States, including ownership in more than 129,000 gross wells. Its properties include the Permian Basin, Mid-Continent, Appalachian, Eagle Ford, Bakken, Terryville/Cotton Valley/Haynesville, and DJ Basin/Rockies/Niobrara. The Permian Basin extends from southeastern New Mexico into West Texas. The Mid-Continent is an area containing fields in Arkansas, Kansas, Louisiana, New Mexico, Oklahoma, Nebraska and Texas and including the Granite Wash, Cleveland, and Mississippi Lime formations. The Appalachian Basin covers most of Pennsylvania, eastern Ohio, West Virginia, western Maryland, eastern Kentucky, central Tennessee, western Virginia, northwestern Georgia, and northern Alabama. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana.