Kimbell Royalty Partners, LP Announces $231 Million Midland Basin Acquisition in Cash and Unit Transaction
Vinson & Elkins acted as counsel on Texas law and U.S. tax and security law matters for Boren Minerals (a Saskatchewan partnership), in connection with the sale of mineral interests in the Mabee Ranch to Kimbell Royalty Partners, LP.
The purchase price for the transaction is $231 million with a target closing date of mid-January 2025.
The Vinson & Elkins team was led by partner Bryan Loocke, with assistance from counsel Michael Zarcaro and associate Michael Gassman. Other key team members included partner Jackson O’Maley and associates Walt Baker and Chandni Jaggi; partner Todd Way and senior associate Adam Bateman.
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