Investor Presentaiton
Portfolio Overview by Basin
Kimbell's portfolio consists of high-quality oil and gas assets across almost every major basin the U.S. We believe the portfolio
represents a balanced mix of liquids vs. gas with high levels of activity from some of the top operators in the industry.
Permian
Eagle Ford
Haynesville
Mid-Continent
Bakken
Appalachia
Rockies
Other (1)
Total
Gross | Net
Undeveloped
Locations (2)(3)
3,017 | 19.20
1,846 | 17.28
1,309 | 17.04
1,489 | 6.38
2,042 | 4.51
247|2.17
210|1.56
N/A
10,160 | 68.14
Gross | Net Drilled but
Uncompleted wells
302 | 0.64
71 | 0.33
73 | 0.27
120 | 0.30
162 | 0.27
22 0.09
49 | 0.05
N/A
799 1.95
("DUCS")(3)(4)
Gross | Net
Permits (3)(4)
292 | 0.77
73 | 0.59
39 | 0.15
61 | 0.06
156 | 0.68
39 | 0.13
43 | 0.29
N/A
703|2.67
Q2 2021 Production,
17%
10%
25%
12%
5%
15%
7%
9%
100%
% of Total
Q2 2021
Production Mix
Oil
Gas
2% 4%
10%
13% 4%
18%
19%
70%
Liquids
52%
69%
Liquids
6%
50%
Liquids
30%
31%
NGL
94%
57%
21%
22%
16%
12%
13%
28%
26%
26%
43%
24%
76%
Liquids
Liquids
17%
Liquids
44%
Liquids
38%
Liquids
39%
Liquids
66%
83%
56%
62%
61%
Avg. Gross Horizontal
wells per Drilling
Spacing Unit ("DSU") (5)
Rigs (4)
12.0
6.9
5.9
6.8
8.5
7.6
10.5
N/A
8.3
23
3
11
1
0
0
50
OXY
bpx energy
bpx energy
devon
Continental
RESOURCES
PIONEER
NATURAL RESOURCES
EP ENERGY
Vine
Ovintiv
HESS
OIL & GAS
Top Operators
EST
✗TO
ENERGY
PDC
ENERGY
HighPoint
CAERA
JONAH
ENERGY LLC
devon
Seogresources
RESOURCES=
Хто
Seog resources
GEP
CIMAREX
XTO
Cabot Oil & Gas Corporation
Seogr
MACPHERSON
OXY
eog resources
ENERGY
ENERGY
HAYNESVILLE, LLC
Note: Includes only horizontal locations. Q2'21 run-rate average daily production is shown on a 6:1 basis and
excludes prior period production of 382 boe/d recognized in Q2'21.
Represents Kimbell's minor basins in this presentation. Includes basins such as Uinta, San Juan, Barnett, as
well as other miscellaneous conventional properties.
(1)
6
(2)
(3)
Locations only include Kimbell's major properties in major basins and do not include minor
properties, which generally have less than 0.1% net revenue interest and are time
consuming to quantify, but in the estimation of Kimbell's management could add up to an
additional 20% to Kimbell's net inventory in the aggregate.
Assumes forecasted pricing of $55.00 / $2.75 flat. Locations include Permits, proven undeveloped (PUD),
Probable, and Possible (per SPE-PRMS reserve definitions based on internal reserves database as of
3/31/2021). Excludes DUCS and small interest wells (minor properties).
(4)
As of 6/30/2021.
(5)
Gross horizontal wells per DSU from internal reserves database as of 3/31/2021, DSU
sizes vary.
KIMBELL
ROYALTY
PARTNERSView entire presentation