2 Firms Steer Kimbell's $151.3M Deal For EnCap Assets

Law360 (February 7, 2019, 6:16 PM EST) -- Texas-based Kimbell Royalty Partners LP revealed Thursday it will buy a suite of oil and gas royalty assets from energy-focused private equity firm EnCap Investments LP for $151.3 million, in a deal led by Baker Botts LLP and Vinson & Elkins LLP.

The all-equity deal will see Kimbell, which holds oil and natural gas mineral and royalty interests in 28 states, acquire interests that EnCap owned through Phillips Energy Partners and its affiliates, according to a statement.

"With this acquisition, we have now completed over $700 million in acquisitions in less than six months and have positioned ourselves as one of...

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