Investor Presentaiton

36 36 Mineral Interests Generally Senior to All Claims in Capital Structure In many states, mineral and royalty interests are considered by law to be real property interests and are thus afforded additional protections under bankruptcy law Mineral Interest owner entitled to ~15-25% of production revenue Senior Secured Debt Senior Debt Subordinated Debt Equity Working Interest owner entitled to ~75-85% of production revenue and bears 100% of development cost and lease operating expense KIMBELL ROYALTY PARTNERS

View entire presentation