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
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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
PARTNERSView entire presentation