- Kimbell's portfolio review identified around 15 years of drilling inventory (at maintenance levels) from its major properties.
- Minor properties (with 0.1% or lower NRI) may add another 4 years of drilling inventory.
- Kimbell can support a $0.33 per unit quarterly distribution at $65 WTI oil and $3 natural gas along with a 80% payout ratio.
- Production growth is still expected to be limited, but at 2021 production levels and $65 oil and $3 gas, Kimbell's estimated value is $14 per unit.
For further details see:
Kimbell Royalty Partners: May Have Nearly 20 Years Of Drilling Inventory