Investor Presentaiton
Minerals are Subsurface Real Estate
Kimbell's PDP reserves have grown by approximately 175% since 2017 through a combination of acquisitions
and organic PDP reserve growth, akin to adding additional floors to a subsurface building
31
15,403 MBoe
PDP Reserves
33,633 MBoe
Acquisitions
17,473 MBoe
Plus: Revisions
2,970 MBoe
PDP Reserves
Less: Production
2,213 MBoe
40,912 MBoe
Acquisitions
4,661 MBoe
Plus: Revisions
7,134 MBoe
PDP Reserves
Less: Production
4,516 MBoe
42,418 MBoe
Acquisitions
4,286 MBoe
Plus: Revisions
2,292 MBoe
PDP Reserves
Less: Production
5,072 MBoe
YE 2017
YE 2018
YE 2019
YE 2020
Our sub-surface real estate continues to grow and our ~11% yield is over 3x
the yield of the US REIT Index at ~3%(1)
Source: Company filings and Bloomberg.
(1)
Kimbell and the US REIT Index (^RMZ) yield rates are as of 7/29/2021.
KIMBELL
ROYALTY
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