HOUSTON – Bracewell LLP is advising a mineral acquisition fund in its $455 million total cash sale of mineral and royalty interests to Kimbell Royalty Partners (NYSE: KRP). The acreage is located in the Permian Basin and Mid-Continent, with high interest locations concentrated in the Delaware Basin (49 percent), Midland Basin (10 percent) and Mid-Continent (41 percent). The transaction is expected to close in the third quarter of 2023, subject to customary closing conditions, with an effective date of June 1, 2023.
