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Latham Advises Mesa Royalties on US$147 Million Sale of Permian Basin Assets
May 19, 2026
A Houston-based team advised the mineral and royalty acquisition company on the transaction.
Kimbell Royalty Partners, LP (NYSE: KRP) has announced it has agreed to acquire mineral and royalty interests from Mesa Royalties, portfolio companies of funds managed by NGP, in a transaction valued at approximately US$147 million. The acquired assets include approximately 711 Net Royalty Acres across the Permian Basin, with 70% in the Delaware Basin and 30% in the Midland Basin.
Latham & Watkins LLP advised Mesa Royalties on the transaction with a corporate deal team led by Houston/Austin partner Chris Heasley, with associate Jay Harper and secondee Brice Boyd. Advice was also provided on capital markets matters by Houston partner Nick Dhesi; and on tax matters by Houston partner Tim Fenn, with associate Nathan Sauers.