MTR News & Events

Mesa Royalty Trust "announced that there will be no distribution paid for the month of June 2026, as costs, charges and expenses attributable to the Trust's royalty properties exceeded the revenue received from the sale of oil, natural gas and other hydrocarbons produced from such properties, as reported by the working interest owners. The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust's administrative expenses, among other factors."

Kimbell Royalty Partners (KRP) has agreed to acquire mineral and royalty interests from Mesa Royalties (MTR), in a cash and unit transaction valued at approximately $147.0M, subject to purchase price adjustments and other customary closing adjustments. The purchase price for the acquisition is comprised of $44.0M in cash - approximately 30% of the total consideration - and approximately 6.9 million newly issued common units of Kimbell Royalty Operating valued at $103.0M. For the next twelve months, Kimbell estimates that, as of June 1, 2026, the acquired assets will produce approximately 1,390 Boe/d - 754 Bbl/d of oil, 315 Bbl/d of NGLs, and 1,928 Mcf/d of natural gas -. The acquisition is expected to close in Q2, subject to customary closing conditions, and the effective date is expected to be June 1. Management estimates 7.67 MMBoe in total proved reserves, reflecting a purchase price of approximately $19.17 per total proved Boe. The assets are expected to provide 93% of estimated first year cash flow from PDP and PDNP wells. Kimbell is expected to have over 17 million gross acres, over 135,000 gross wells and a total of 93 active rigs on its properties, which represents approximately 18%4 of the total active land rigs drilling in the continental United States. In addition, over 98% of all rigs in the continental U.S. are located in counties where Kimbell is expected to hold mineral interest positions following the consummation of the acquisition.