{"url_path":"/sec/krp/8-k/2026-05-19/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 ** **Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-19","source_url":"https://www.sec.gov/Archives/edgar/data/1657788/0001104659-26-063578-index.html","accession_number":"0001104659-26-063578","cik":"0001657788","ticker":"KRP","issuer_name":"Kimbell Royalty Partners, LP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1657788/0001104659-26-063578-index.html","primary_entity_key":"0001657788","primary_entity_name":"Kimbell Royalty Partners, LP"},"word_count":500,"has_tables":true,"body_markdown":"**Item 8.01** **Other Events.**\n\n \n\nAs described more fully in Item 1.01 of this Current Report on Form 8-K,\nthe Buyer Parties have agreed to acquire certain mineral and royalty interests owned by the Sellers pursuant to the Purchase Agreement.\nKimbell estimates that the Acquired Assets consisted of approximately 711 net royalty acres (“NRA”) with approximately 70%\nconcentrated in the Delaware Basin and approximately 30% in the Midland Basin, with an estimated 7.67 MMBoe in total proved reserves.\nFurther, the Acquired Assets consisted of interests in over 400 Drill Spacing Units (“DSUs”) across 15 Permian counties and\n600 undeveloped locations identified across the position. For the next twelve months, Kimbell estimates that, as of June 1, 2026,\nthe Acquired Assets will produce 1,390 Boe/d, comprising 754 Bbl/d of oil, 315 Bbl/d of NGLs, and 1,928 Mcf/d of natural gas (on a 6:1\nbasis).\n\n \n\nAs of May 1, 2026, there were 13 active rigs in operation on the\nAcquired Assets, including 11 in the Delaware Basin. Kimbell further estimates that, as of May 1, 2026, there are 364 gross drilled\nbut uncompleted wells, and of all the cash flow expected to be generated in the first year after acquisition, 93% will come from PDP and\nPDNP wells, with oil-weighted production from over 2,300 total producing wells. Kimbell estimates that the liquids-focused asset base\nwill increase its oil weighting from 32% to 33% of its daily production mix.\n\n \n\n \n\n \n\n \n\nReserve engineering is a complex and subjective process of estimating\nunderground accumulations of oil and natural gas that cannot be measured in an exact way, and the accuracy of any reserve estimate is\na function of the quality of available data and of engineering and geological interpretation and judgment. As a result, estimates prepared\nby one engineer may vary from those prepared by another. Estimates of proved reserves for Kimbell’s oil and gas properties as of\nDecember 31, 2025 were be prepared by Ryder Scott Company, L.P. using the information available at that time, and estimates of proved\nreserves related to the Acquisition will be prepared by Ryder Scott Company, L.P. as of December 31, 2026. Upon completion of their\nreview, the estimate of the proved reserves for Kimbell’s oil and gas properties as of December 31, 2026 will be different\nfrom the estimate of the proved reserves for Kimbell’s oil and gas properties as of December 31, 2025, and the estimates of\nproved reserves relating to the Acquired Assets as of December 31, 2026 will be different from Kimbell management’s estimates\nof such reserves as of May 1, 2026.\n\n \n\nKimbell’s assessment and estimates of the assets to be acquired\nin the Acquisition to date has been limited. Even by the time of closing, Kimbell’s assessment of these assets will not reveal all\nexisting or potential problems, nor will it permit Kimbell to become familiar enough with the properties to assess fully their capabilities\nand deficiencies. Moreover, there can be no assurance that Kimbell and OpCo will consummate the Acquisition on the terms described in"}