Investor Presentaiton slide image

Investor Presentaiton

Defining a Net Royalty Acre The calculation of a Net Royalty Acre differs across industry participants ■ Kimbell calculates its Net Royalty Acres (1) as follows: Net Mineral Acres x Royalty Interest(2) - This methodology provides a clear and easily understandable view of Kimbell's acreage position Net Mineral Acres Royalty Interest Net Royalty Acres ■ Many companies use a 1/8th convention which assumes eight royalty acres for every mineral acre - This convention overstates a company's net royalty interest in its total mineral acreage position as shown below Net Royalty Acres Net Royalty Acres (normalized to 1/8th) Kimbell Acreage Under Both Methodologies (3) 145,855 (1) (2) Net Royalty Acres derived from ORRIS are calculated by multiplying Gross Acres and ORRIs. Royalty Interest is inclusive of all other burdens. 55 35 (3) Acreage as of 6/30/2021. 1,166,840 KIMBELL ROYALTY PARTNERS
View entire presentation