Using ethics to guide our pursuit.
Kimbell Royalty Partners (NYSE: KRP) is an oil and gas mineral and royalty company in Fort Worth, Texas.
We are managed by our general partner, Kimbell Royalty GP, LLC and own mineral and royalty interests in over 13 million gross acres in 28 states and in nearly every major onshore basin in the continental United States, including ownership in more than 92,000 gross producing wells with over 40,000 wells in the Permian Basin.
We are a variable distribution limited partnership, and our general partner holds no incentive distribution rights. We converted to a taxable entity on September 24, 2018 in order to target a sginificantly larger investor base both domestic and international, increase liquidty and support its continued growth and consolidation strategy. As a result of this conversion, investors in our common units will receive a 1099-DIV rather than a K-1.