Kimbell Royalty Partners, LP (NYSE:KRP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On May12, 2017, the board of directors of Kimbell Royalty GP, LLC
(the General Partner), the general partner of Kimbell Royalty
Partners, LP, appointed Matthew S. Daly as the Chief Operating
Officer of the General Partner, effective immediately.
Mr.Daly, age 44, previously served as the Senior Vice
PresidentCorporate Development of the General Partner since
September2016. Prior to then, Mr.Daly served as the Senior Vice
PresidentCorporate Development of Rivercrest Royalties, LLC
beginning in Augustof 2016. From 2014 to 2016, Mr.Daly served as
Senior AnalystEnergy at Hirzel Capital Management LLC, a
Dallas-based hedge fund, where he managed public energy
investments. From 2004 to 2013, he served as Senior AnalystEnergy
at Kleinheinz Capital Partners,Inc., where he managed public and
private energy investments and assisted with macro hedging
trades. From 2002 to 2004, Mr.Daly was a Vice PresidentMergers
and Acquisitions at Lazard Frres Co. in New York City.
Mr.Daly holds a bachelors degree in Business Administration from
the University of Texas at Austin and a Master of Business
Administration from the University of Chicago Booth School of
Business. Mr.Daly is also a certified public accountant.
Mr.Daly was not appointed to any arrangement or understanding
with any other person, and there are no transactions with Mr.Daly
that would be reportable under Item 404(a)of Regulation S-K. In
connection with Mr.Dalys appointment as Chief Operating Officer,
no change is being made to Mr.Dalys compensation arrangements
with the General Partner.
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits.
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Description |
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99.1 |
News release issued by Kimbell Royalty Partners, LP dated |
About Kimbell Royalty Partners, LP (NYSE:KRP)
Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. As of December 31, 2015, the Company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 0.9 million gross acres, with approximately 44% of its acres located in the Permian Basin. As of December 31, 2015, the Company’s mineral and royalty interests were located in 20 states and in every onshore basin across the continental United States, and included ownership in over 48,000 gross producing wells, including over 29,000 wells in the Permian Basin. The Company’s properties include Permian Basin, Mid-Continent, Terryville/Cotton Valley/Haynesville, Eagle Ford, Barnett Shale/Fort Worth Basin, Bakken/Williston Basin, San Juan Basin, Onshore California, DJ Basin/Rockies/Niobrara, Illinois Basin and others. Kimbell Royalty Partners, LP (NYSE:KRP) Recent Trading Information
Kimbell Royalty Partners, LP (NYSE:KRP) closed its last trading session down -0.36 at 18.76 with 24,890 shares trading hands.