KRP

SEC source: 0001104659-22-101160 · tm2226170d1_4seq1.xml · nonDerivative · entry 1

Rhynsburger Blayne · CIK 0001761127 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,616

SEC source: 0001104659-22-097596 · tm2225057-2_4seq1.xml · nonDerivative · entry 1

Wynne Mitch S. · CIK 0001695394 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 188,090

SEC source: 0001104659-22-097155 · tm2225057-1_4seq1.xml · nonDerivative · entry 1

Taylor Brett G. · CIK 0001695392 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

F1 · ownership.nature: These Common Units were owned directly by The Billy R. Joyce C. Taylor Trust and sold on behalf of such trust. The reporting person is a co-trustee of The Billy R. Joyce C. Taylor Trust. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.40 to $17.65, inclusive. The reporting person undertakes to provide to Kimbell Royalty Partners, LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

SEC source: 0000899243-22-013135 · doc4.xml · nonDerivative · entry 5

PEP I Holdings, LLC · CIK 0001772462 · 10% owner

PEP II Holdings, LLC · CIK 0001772472 · 10% owner

PEP III Holdings, LLC · CIK 0001772387 · 10% owner

ENCAP ENERGY CAPITAL FUND VI L P · CIK 0001366397 · 10% owner

EnCap VI-B Acquisitions, L.P. · CIK 0001494333 · 10% owner

ENCAP ENERGY CAPITAL FUND VII LP · CIK 0001422885 · 10% owner

EnCap Energy Capital Fund VIII, L.P. · CIK 0001504103 · 10% owner

EnCap Partners GP, LLC · CIK 0001726182 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

F3 · kind: On March 31, 2022, the Reporting Persons executed a block trade under Rule 144 pursuant to which an aggregate of 3,999,919 Common Units were sold for $15.035 per share (such sale, the "Block Trade"). As of immediately following the Block Trade, Phillips II directly owns 42,081 OpCo Common Units, and an equivalent number of Class B Units, which together are exchangeable for an equal number of Common Units.

F4 · ownership.nature: EnCap Partners GP, LLC ("EnCap Partners GP") is the sole general partner of EnCap Partners, LP, which is the managing member of EnCap Investments Holdings, LLC, which is the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), which is the general partner of EnCap Investments L.P. ("EnCap Investments LP"), which is the general partner of EnCap Equity Fund VI GP, L.P. ("EnCap Fund VI GP"), EnCap Equity Fund VII GP, L.P. ("EnCap Fund VII GP") and EnCap Equity Fund VIII GP, L.P. ("EnCap Fund VIII GP"), which are the general partners of EnCap Energy Capital Fund VI, L.P. ("EnCap Fund VI"), EnCap Energy Capital Fund VII, L.P. ("EnCap Fund VII") and EnCap Energy Capital Fund VIII, L.P. ("EnCap Fund VIII"), respectively.

F5 · ownership.nature: (Continued from Footnote 4) Additionally, EnCap Fund VI GP is the general partner of EnCap Energy Capital Fund VI-B, L.P. ("EnCap Fund VI-B"), which is the sole member of EnCap VI-B Acquisitions GP, LLC ("EnCap VI-B GP"), which is the general partner of EnCap VI-B Acquisitions, L.P. ("EnCap VI-B").

F8 · ownership.nature: These securities may be deemed to be beneficially owned by Phillips II. EnCap Partners GP indirectly manages EnCap Fund VII, which is the managing member of Phillips II. Therefore, EnCap Partners GP and EnCap Fund VII may be deemed to share voting or dispositive power over these securities and may also be deemed to be indirect beneficial owners of these securities. None of the Reporting Persons other than EnCap Partners GP, EnCap Fund VII and Phillips II have or should be deemed to have any direct or indirect beneficial ownership interest in these securities, and all of the Reporting Persons disclaim beneficial ownership of these securities except to the extent of any such Reporting Person's pecuniary interest therein.

SEC source: 0000899243-22-013135 · doc4.xml · nonDerivative · entry 4

PEP I Holdings, LLC · CIK 0001772462 · 10% owner

PEP II Holdings, LLC · CIK 0001772472 · 10% owner

PEP III Holdings, LLC · CIK 0001772387 · 10% owner

ENCAP ENERGY CAPITAL FUND VI L P · CIK 0001366397 · 10% owner

EnCap VI-B Acquisitions, L.P. · CIK 0001494333 · 10% owner

ENCAP ENERGY CAPITAL FUND VII LP · CIK 0001422885 · 10% owner

EnCap Energy Capital Fund VIII, L.P. · CIK 0001504103 · 10% owner

EnCap Partners GP, LLC · CIK 0001726182 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

F3 · kind: On March 31, 2022, the Reporting Persons executed a block trade under Rule 144 pursuant to which an aggregate of 3,999,919 Common Units were sold for $15.035 per share (such sale, the "Block Trade"). As of immediately following the Block Trade, Phillips II directly owns 42,081 OpCo Common Units, and an equivalent number of Class B Units, which together are exchangeable for an equal number of Common Units.

F4 · ownership.nature: EnCap Partners GP, LLC ("EnCap Partners GP") is the sole general partner of EnCap Partners, LP, which is the managing member of EnCap Investments Holdings, LLC, which is the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), which is the general partner of EnCap Investments L.P. ("EnCap Investments LP"), which is the general partner of EnCap Equity Fund VI GP, L.P. ("EnCap Fund VI GP"), EnCap Equity Fund VII GP, L.P. ("EnCap Fund VII GP") and EnCap Equity Fund VIII GP, L.P. ("EnCap Fund VIII GP"), which are the general partners of EnCap Energy Capital Fund VI, L.P. ("EnCap Fund VI"), EnCap Energy Capital Fund VII, L.P. ("EnCap Fund VII") and EnCap Energy Capital Fund VIII, L.P. ("EnCap Fund VIII"), respectively.

F5 · ownership.nature: (Continued from Footnote 4) Additionally, EnCap Fund VI GP is the general partner of EnCap Energy Capital Fund VI-B, L.P. ("EnCap Fund VI-B"), which is the sole member of EnCap VI-B Acquisitions GP, LLC ("EnCap VI-B GP"), which is the general partner of EnCap VI-B Acquisitions, L.P. ("EnCap VI-B").

F6 · ownership.nature: These securities may be deemed to be beneficially owned by Phillips I. EnCap Partners GP indirectly manages EnCap Fund VI and EnCap VI-B, which are the managing members of Phillips I. Therefore, EnCap Partners GP, EnCap Fund VI and EnCap VI-B may be deemed to share voting or dispositive power over these securities and may also be deemed to be indirect beneficial owners of these securities.

F7 · ownership.nature: (Continued from Footnote 6) None of the Reporting Persons other than EnCap Partners GP, EnCap Fund VI, EnCap VI-B and Phillips I have or should be deemed to have any direct or indirect beneficial ownership interest in these securities, and all of the Reporting Persons disclaim beneficial ownership of these securities except to the extent of any such Reporting Person's pecuniary interest therein.

SEC source: 0000899243-22-013135 · doc4.xml · derivative · entry 8

PEP I Holdings, LLC · CIK 0001772462 · 10% owner

PEP II Holdings, LLC · CIK 0001772472 · 10% owner

PEP III Holdings, LLC · CIK 0001772387 · 10% owner

ENCAP ENERGY CAPITAL FUND VI L P · CIK 0001366397 · 10% owner

EnCap VI-B Acquisitions, L.P. · CIK 0001494333 · 10% owner

ENCAP ENERGY CAPITAL FUND VII LP · CIK 0001422885 · 10% owner

EnCap Energy Capital Fund VIII, L.P. · CIK 0001504103 · 10% owner

EnCap Partners GP, LLC · CIK 0001726182 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

Underlying: Common Units · 5,358,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F2 · kind: On March 30, 2022, PEP I Holdings, LLC ("Phillips I") requested that 723,800 OpCo Common Units and 723,800 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 723,800 Common Units; PEP II Holdings, LLC ("Phillips II") requested that 3,276,119 OpCo Common Units and 3,276,119 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 3,276,119 Common Units; and PEP III Holdings ("Phillips III") requested that 5,358,000 OpCo Common Units and 5,358,000 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 5,358,000 Common Units (such redemptions, the "Redemptions"). As of immediately following the Redemptions, Phillips II directly owns 42,081 Opco Common Units, and an equivalent number of Class B Units, which together are exchangeable for an equal number of Common Units.

F1 · derivative.exercise_date: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F1 · derivative.expiration_date: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F4 · ownership.nature: EnCap Partners GP, LLC ("EnCap Partners GP") is the sole general partner of EnCap Partners, LP, which is the managing member of EnCap Investments Holdings, LLC, which is the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), which is the general partner of EnCap Investments L.P. ("EnCap Investments LP"), which is the general partner of EnCap Equity Fund VI GP, L.P. ("EnCap Fund VI GP"), EnCap Equity Fund VII GP, L.P. ("EnCap Fund VII GP") and EnCap Equity Fund VIII GP, L.P. ("EnCap Fund VIII GP"), which are the general partners of EnCap Energy Capital Fund VI, L.P. ("EnCap Fund VI"), EnCap Energy Capital Fund VII, L.P. ("EnCap Fund VII") and EnCap Energy Capital Fund VIII, L.P. ("EnCap Fund VIII"), respectively.

F5 · ownership.nature: (Continued from Footnote 4) Additionally, EnCap Fund VI GP is the general partner of EnCap Energy Capital Fund VI-B, L.P. ("EnCap Fund VI-B"), which is the sole member of EnCap VI-B Acquisitions GP, LLC ("EnCap VI-B GP"), which is the general partner of EnCap VI-B Acquisitions, L.P. ("EnCap VI-B").

F9 · ownership.nature: As of the date hereof, Phillips III directly owns 5,358,000 Common Units. These securities may be deemed to be beneficially owned by Phillips III. EnCap Partners GP indirectly manages EnCap Fund VIII, which is the managing member of Phillips III. Therefore, EnCap Partners GP and EnCap Fund VIII may be deemed to share voting or dispositive power over these securities and may also be deemed to be indirect beneficial owners of these securities. None of the Reporting Persons other than EnCap Partners GP, EnCap Fund VIII and Phillips III have or should be deemed to have any direct or indirect beneficial ownership interest in these securities, and all of the Reporting Persons disclaim beneficial ownership of these securities except to the extent of any such Reporting Person's pecuniary interest therein.

SEC source: 0000899243-22-013135 · doc4.xml · derivative · entry 7

PEP I Holdings, LLC · CIK 0001772462 · 10% owner

PEP II Holdings, LLC · CIK 0001772472 · 10% owner

PEP III Holdings, LLC · CIK 0001772387 · 10% owner

ENCAP ENERGY CAPITAL FUND VI L P · CIK 0001366397 · 10% owner

EnCap VI-B Acquisitions, L.P. · CIK 0001494333 · 10% owner

ENCAP ENERGY CAPITAL FUND VII LP · CIK 0001422885 · 10% owner

EnCap Energy Capital Fund VIII, L.P. · CIK 0001504103 · 10% owner

EnCap Partners GP, LLC · CIK 0001726182 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 42,081

Underlying: Common Units · 3,276,119 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F2 · kind: On March 30, 2022, PEP I Holdings, LLC ("Phillips I") requested that 723,800 OpCo Common Units and 723,800 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 723,800 Common Units; PEP II Holdings, LLC ("Phillips II") requested that 3,276,119 OpCo Common Units and 3,276,119 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 3,276,119 Common Units; and PEP III Holdings ("Phillips III") requested that 5,358,000 OpCo Common Units and 5,358,000 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 5,358,000 Common Units (such redemptions, the "Redemptions"). As of immediately following the Redemptions, Phillips II directly owns 42,081 Opco Common Units, and an equivalent number of Class B Units, which together are exchangeable for an equal number of Common Units.

F1 · derivative.exercise_date: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F1 · derivative.expiration_date: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F4 · ownership.nature: EnCap Partners GP, LLC ("EnCap Partners GP") is the sole general partner of EnCap Partners, LP, which is the managing member of EnCap Investments Holdings, LLC, which is the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), which is the general partner of EnCap Investments L.P. ("EnCap Investments LP"), which is the general partner of EnCap Equity Fund VI GP, L.P. ("EnCap Fund VI GP"), EnCap Equity Fund VII GP, L.P. ("EnCap Fund VII GP") and EnCap Equity Fund VIII GP, L.P. ("EnCap Fund VIII GP"), which are the general partners of EnCap Energy Capital Fund VI, L.P. ("EnCap Fund VI"), EnCap Energy Capital Fund VII, L.P. ("EnCap Fund VII") and EnCap Energy Capital Fund VIII, L.P. ("EnCap Fund VIII"), respectively.

F5 · ownership.nature: (Continued from Footnote 4) Additionally, EnCap Fund VI GP is the general partner of EnCap Energy Capital Fund VI-B, L.P. ("EnCap Fund VI-B"), which is the sole member of EnCap VI-B Acquisitions GP, LLC ("EnCap VI-B GP"), which is the general partner of EnCap VI-B Acquisitions, L.P. ("EnCap VI-B").

F8 · ownership.nature: These securities may be deemed to be beneficially owned by Phillips II. EnCap Partners GP indirectly manages EnCap Fund VII, which is the managing member of Phillips II. Therefore, EnCap Partners GP and EnCap Fund VII may be deemed to share voting or dispositive power over these securities and may also be deemed to be indirect beneficial owners of these securities. None of the Reporting Persons other than EnCap Partners GP, EnCap Fund VII and Phillips II have or should be deemed to have any direct or indirect beneficial ownership interest in these securities, and all of the Reporting Persons disclaim beneficial ownership of these securities except to the extent of any such Reporting Person's pecuniary interest therein.

SEC source: 0000899243-22-013135 · doc4.xml · derivative · entry 6

PEP I Holdings, LLC · CIK 0001772462 · 10% owner

PEP II Holdings, LLC · CIK 0001772472 · 10% owner

PEP III Holdings, LLC · CIK 0001772387 · 10% owner

ENCAP ENERGY CAPITAL FUND VI L P · CIK 0001366397 · 10% owner

EnCap VI-B Acquisitions, L.P. · CIK 0001494333 · 10% owner

ENCAP ENERGY CAPITAL FUND VII LP · CIK 0001422885 · 10% owner

EnCap Energy Capital Fund VIII, L.P. · CIK 0001504103 · 10% owner

EnCap Partners GP, LLC · CIK 0001726182 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

Underlying: Common Units · 723,800 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F2 · kind: On March 30, 2022, PEP I Holdings, LLC ("Phillips I") requested that 723,800 OpCo Common Units and 723,800 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 723,800 Common Units; PEP II Holdings, LLC ("Phillips II") requested that 3,276,119 OpCo Common Units and 3,276,119 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 3,276,119 Common Units; and PEP III Holdings ("Phillips III") requested that 5,358,000 OpCo Common Units and 5,358,000 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 5,358,000 Common Units (such redemptions, the "Redemptions"). As of immediately following the Redemptions, Phillips II directly owns 42,081 Opco Common Units, and an equivalent number of Class B Units, which together are exchangeable for an equal number of Common Units.

F1 · derivative.exercise_date: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F1 · derivative.expiration_date: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F4 · ownership.nature: EnCap Partners GP, LLC ("EnCap Partners GP") is the sole general partner of EnCap Partners, LP, which is the managing member of EnCap Investments Holdings, LLC, which is the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), which is the general partner of EnCap Investments L.P. ("EnCap Investments LP"), which is the general partner of EnCap Equity Fund VI GP, L.P. ("EnCap Fund VI GP"), EnCap Equity Fund VII GP, L.P. ("EnCap Fund VII GP") and EnCap Equity Fund VIII GP, L.P. ("EnCap Fund VIII GP"), which are the general partners of EnCap Energy Capital Fund VI, L.P. ("EnCap Fund VI"), EnCap Energy Capital Fund VII, L.P. ("EnCap Fund VII") and EnCap Energy Capital Fund VIII, L.P. ("EnCap Fund VIII"), respectively.

F5 · ownership.nature: (Continued from Footnote 4) Additionally, EnCap Fund VI GP is the general partner of EnCap Energy Capital Fund VI-B, L.P. ("EnCap Fund VI-B"), which is the sole member of EnCap VI-B Acquisitions GP, LLC ("EnCap VI-B GP"), which is the general partner of EnCap VI-B Acquisitions, L.P. ("EnCap VI-B").

F6 · ownership.nature: These securities may be deemed to be beneficially owned by Phillips I. EnCap Partners GP indirectly manages EnCap Fund VI and EnCap VI-B, which are the managing members of Phillips I. Therefore, EnCap Partners GP, EnCap Fund VI and EnCap VI-B may be deemed to share voting or dispositive power over these securities and may also be deemed to be indirect beneficial owners of these securities.

F7 · ownership.nature: (Continued from Footnote 6) None of the Reporting Persons other than EnCap Partners GP, EnCap Fund VI, EnCap VI-B and Phillips I have or should be deemed to have any direct or indirect beneficial ownership interest in these securities, and all of the Reporting Persons disclaim beneficial ownership of these securities except to the extent of any such Reporting Person's pecuniary interest therein.

SEC source: 0000899243-22-013135 · doc4.xml · nonDerivative · entry 3

PEP I Holdings, LLC · CIK 0001772462 · 10% owner

PEP II Holdings, LLC · CIK 0001772472 · 10% owner

PEP III Holdings, LLC · CIK 0001772387 · 10% owner

ENCAP ENERGY CAPITAL FUND VI L P · CIK 0001366397 · 10% owner

EnCap VI-B Acquisitions, L.P. · CIK 0001494333 · 10% owner

ENCAP ENERGY CAPITAL FUND VII LP · CIK 0001422885 · 10% owner

EnCap Energy Capital Fund VIII, L.P. · CIK 0001504103 · 10% owner

EnCap Partners GP, LLC · CIK 0001726182 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 5,358,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F2 · kind: On March 30, 2022, PEP I Holdings, LLC ("Phillips I") requested that 723,800 OpCo Common Units and 723,800 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 723,800 Common Units; PEP II Holdings, LLC ("Phillips II") requested that 3,276,119 OpCo Common Units and 3,276,119 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 3,276,119 Common Units; and PEP III Holdings ("Phillips III") requested that 5,358,000 OpCo Common Units and 5,358,000 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 5,358,000 Common Units (such redemptions, the "Redemptions"). As of immediately following the Redemptions, Phillips II directly owns 42,081 Opco Common Units, and an equivalent number of Class B Units, which together are exchangeable for an equal number of Common Units.

F1 · price: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F4 · ownership.nature: EnCap Partners GP, LLC ("EnCap Partners GP") is the sole general partner of EnCap Partners, LP, which is the managing member of EnCap Investments Holdings, LLC, which is the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), which is the general partner of EnCap Investments L.P. ("EnCap Investments LP"), which is the general partner of EnCap Equity Fund VI GP, L.P. ("EnCap Fund VI GP"), EnCap Equity Fund VII GP, L.P. ("EnCap Fund VII GP") and EnCap Equity Fund VIII GP, L.P. ("EnCap Fund VIII GP"), which are the general partners of EnCap Energy Capital Fund VI, L.P. ("EnCap Fund VI"), EnCap Energy Capital Fund VII, L.P. ("EnCap Fund VII") and EnCap Energy Capital Fund VIII, L.P. ("EnCap Fund VIII"), respectively.

F5 · ownership.nature: (Continued from Footnote 4) Additionally, EnCap Fund VI GP is the general partner of EnCap Energy Capital Fund VI-B, L.P. ("EnCap Fund VI-B"), which is the sole member of EnCap VI-B Acquisitions GP, LLC ("EnCap VI-B GP"), which is the general partner of EnCap VI-B Acquisitions, L.P. ("EnCap VI-B").

F9 · ownership.nature: As of the date hereof, Phillips III directly owns 5,358,000 Common Units. These securities may be deemed to be beneficially owned by Phillips III. EnCap Partners GP indirectly manages EnCap Fund VIII, which is the managing member of Phillips III. Therefore, EnCap Partners GP and EnCap Fund VIII may be deemed to share voting or dispositive power over these securities and may also be deemed to be indirect beneficial owners of these securities. None of the Reporting Persons other than EnCap Partners GP, EnCap Fund VIII and Phillips III have or should be deemed to have any direct or indirect beneficial ownership interest in these securities, and all of the Reporting Persons disclaim beneficial ownership of these securities except to the extent of any such Reporting Person's pecuniary interest therein.

SEC source: 0000899243-22-013135 · doc4.xml · nonDerivative · entry 2

PEP I Holdings, LLC · CIK 0001772462 · 10% owner

PEP II Holdings, LLC · CIK 0001772472 · 10% owner

PEP III Holdings, LLC · CIK 0001772387 · 10% owner

ENCAP ENERGY CAPITAL FUND VI L P · CIK 0001366397 · 10% owner

EnCap VI-B Acquisitions, L.P. · CIK 0001494333 · 10% owner

ENCAP ENERGY CAPITAL FUND VII LP · CIK 0001422885 · 10% owner

EnCap Energy Capital Fund VIII, L.P. · CIK 0001504103 · 10% owner

EnCap Partners GP, LLC · CIK 0001726182 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 3,276,119

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F2 · kind: On March 30, 2022, PEP I Holdings, LLC ("Phillips I") requested that 723,800 OpCo Common Units and 723,800 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 723,800 Common Units; PEP II Holdings, LLC ("Phillips II") requested that 3,276,119 OpCo Common Units and 3,276,119 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 3,276,119 Common Units; and PEP III Holdings ("Phillips III") requested that 5,358,000 OpCo Common Units and 5,358,000 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 5,358,000 Common Units (such redemptions, the "Redemptions"). As of immediately following the Redemptions, Phillips II directly owns 42,081 Opco Common Units, and an equivalent number of Class B Units, which together are exchangeable for an equal number of Common Units.

F1 · price: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F4 · ownership.nature: EnCap Partners GP, LLC ("EnCap Partners GP") is the sole general partner of EnCap Partners, LP, which is the managing member of EnCap Investments Holdings, LLC, which is the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), which is the general partner of EnCap Investments L.P. ("EnCap Investments LP"), which is the general partner of EnCap Equity Fund VI GP, L.P. ("EnCap Fund VI GP"), EnCap Equity Fund VII GP, L.P. ("EnCap Fund VII GP") and EnCap Equity Fund VIII GP, L.P. ("EnCap Fund VIII GP"), which are the general partners of EnCap Energy Capital Fund VI, L.P. ("EnCap Fund VI"), EnCap Energy Capital Fund VII, L.P. ("EnCap Fund VII") and EnCap Energy Capital Fund VIII, L.P. ("EnCap Fund VIII"), respectively.

F5 · ownership.nature: (Continued from Footnote 4) Additionally, EnCap Fund VI GP is the general partner of EnCap Energy Capital Fund VI-B, L.P. ("EnCap Fund VI-B"), which is the sole member of EnCap VI-B Acquisitions GP, LLC ("EnCap VI-B GP"), which is the general partner of EnCap VI-B Acquisitions, L.P. ("EnCap VI-B").

F8 · ownership.nature: These securities may be deemed to be beneficially owned by Phillips II. EnCap Partners GP indirectly manages EnCap Fund VII, which is the managing member of Phillips II. Therefore, EnCap Partners GP and EnCap Fund VII may be deemed to share voting or dispositive power over these securities and may also be deemed to be indirect beneficial owners of these securities. None of the Reporting Persons other than EnCap Partners GP, EnCap Fund VII and Phillips II have or should be deemed to have any direct or indirect beneficial ownership interest in these securities, and all of the Reporting Persons disclaim beneficial ownership of these securities except to the extent of any such Reporting Person's pecuniary interest therein.

SEC source: 0000899243-22-013135 · doc4.xml · nonDerivative · entry 1

PEP I Holdings, LLC · CIK 0001772462 · 10% owner

PEP II Holdings, LLC · CIK 0001772472 · 10% owner

PEP III Holdings, LLC · CIK 0001772387 · 10% owner

ENCAP ENERGY CAPITAL FUND VI L P · CIK 0001366397 · 10% owner

EnCap VI-B Acquisitions, L.P. · CIK 0001494333 · 10% owner

ENCAP ENERGY CAPITAL FUND VII LP · CIK 0001422885 · 10% owner

EnCap Energy Capital Fund VIII, L.P. · CIK 0001504103 · 10% owner

EnCap Partners GP, LLC · CIK 0001726182 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 723,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F2 · kind: On March 30, 2022, PEP I Holdings, LLC ("Phillips I") requested that 723,800 OpCo Common Units and 723,800 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 723,800 Common Units; PEP II Holdings, LLC ("Phillips II") requested that 3,276,119 OpCo Common Units and 3,276,119 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 3,276,119 Common Units; and PEP III Holdings ("Phillips III") requested that 5,358,000 OpCo Common Units and 5,358,000 Class B Units be redeemed, and such securities were accordingly redeemed for an aggregate of 5,358,000 Common Units (such redemptions, the "Redemptions"). As of immediately following the Redemptions, Phillips II directly owns 42,081 Opco Common Units, and an equivalent number of Class B Units, which together are exchangeable for an equal number of Common Units.

F1 · price: The Class B units ("Class B Units") representing limited partner interests in Kimbell Royalty Partners, LP (the "Issuer") have no economic rights, but each entitles the holder thereof to one vote on all matters to be voted on by unitholders of the Issuer generally. Class B Units, together with an equivalent number of common units ("OpCo Common Units") representing limited liability company interests in Kimbell Royalty Operating, LLC ("OpCo"), are exchangeable from time to time by holders thereof for common units representing limited partner interests in the Issuer ("Common Units") on a one-for-one basis or, at OpCo's election, for cash. The OpCo Common Units do not expire.

F4 · ownership.nature: EnCap Partners GP, LLC ("EnCap Partners GP") is the sole general partner of EnCap Partners, LP, which is the managing member of EnCap Investments Holdings, LLC, which is the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), which is the general partner of EnCap Investments L.P. ("EnCap Investments LP"), which is the general partner of EnCap Equity Fund VI GP, L.P. ("EnCap Fund VI GP"), EnCap Equity Fund VII GP, L.P. ("EnCap Fund VII GP") and EnCap Equity Fund VIII GP, L.P. ("EnCap Fund VIII GP"), which are the general partners of EnCap Energy Capital Fund VI, L.P. ("EnCap Fund VI"), EnCap Energy Capital Fund VII, L.P. ("EnCap Fund VII") and EnCap Energy Capital Fund VIII, L.P. ("EnCap Fund VIII"), respectively.

F5 · ownership.nature: (Continued from Footnote 4) Additionally, EnCap Fund VI GP is the general partner of EnCap Energy Capital Fund VI-B, L.P. ("EnCap Fund VI-B"), which is the sole member of EnCap VI-B Acquisitions GP, LLC ("EnCap VI-B GP"), which is the general partner of EnCap VI-B Acquisitions, L.P. ("EnCap VI-B").

F6 · ownership.nature: These securities may be deemed to be beneficially owned by Phillips I. EnCap Partners GP indirectly manages EnCap Fund VI and EnCap VI-B, which are the managing members of Phillips I. Therefore, EnCap Partners GP, EnCap Fund VI and EnCap VI-B may be deemed to share voting or dispositive power over these securities and may also be deemed to be indirect beneficial owners of these securities.

F7 · ownership.nature: (Continued from Footnote 6) None of the Reporting Persons other than EnCap Partners GP, EnCap Fund VI, EnCap VI-B and Phillips I have or should be deemed to have any direct or indirect beneficial ownership interest in these securities, and all of the Reporting Persons disclaim beneficial ownership of these securities except to the extent of any such Reporting Person's pecuniary interest therein.

SEC source: 0001104659-22-034655 · tm229195-2_4seq1.xml · nonDerivative · entry 1

Rhynsburger Blayne · CIK 0001761127 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,116

SEC source: 0001104659-22-033303 · tm229195-1_4seq1.xml · nonDerivative · entry 1

Wynne Mitch S. · CIK 0001695394 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 201,689

SEC source: 0001104659-22-031759 · tm228635-6_4seq1.xml · nonDerivative · entry 1

Taylor Brett G. · CIK 0001695392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 612,593

SEC source: 0001104659-22-031752 · tm228635-1_4seq1.xml · nonDerivative · entry 1

Alcorn Peter · CIK 0001695406 · Vice President - Land

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 56,324

SEC source: 0001104659-22-031757 · tm228635-4_4seq1.xml · nonDerivative · entry 1

Ravnaas Robert D. · CIK 0001695242 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 905,707

SEC source: 0001104659-22-031754 · tm228635-2_4seq1.xml · nonDerivative · entry 1

Daly Matthew S. · CIK 0001695310 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 417,475

SEC source: 0001104659-22-031758 · tm228635-5_4seq1.xml · nonDerivative · entry 1

Rhynsburger Blayne · CIK 0001761127 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,116

SEC source: 0001104659-22-031756 · tm228635-3_4seq1.xml · nonDerivative · entry 1

Ravnaas Robert Davis · CIK 0001696138 · President and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 602,128

SEC source: 0001104659-22-031759 · tm228635-6_4seq1.xml · nonDerivative · entry 2

Taylor Brett G. · CIK 0001695392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 630,964

SEC source: 0001104659-22-031752 · tm228635-1_4seq1.xml · nonDerivative · entry 2

Alcorn Peter · CIK 0001695406 · Vice President - Land

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,438

SEC source: 0001104659-22-031757 · tm228635-4_4seq1.xml · nonDerivative · entry 2

Ravnaas Robert D. · CIK 0001695242 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 933,653

SEC source: 0001104659-22-031754 · tm228635-2_4seq1.xml · nonDerivative · entry 2

Daly Matthew S. · CIK 0001695310 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 432,788

SEC source: 0001104659-22-031758 · tm228635-5_4seq1.xml · nonDerivative · entry 2

Rhynsburger Blayne · CIK 0001761127 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,317

SEC source: 0001104659-22-031756 · tm228635-3_4seq1.xml · nonDerivative · entry 2

Ravnaas Robert Davis · CIK 0001696138 · President and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 623,746

SEC source: 0001104659-22-028073 · tm227861-2_4seq1.xml · nonDerivative · entry 1

Taylor Brett G. · CIK 0001695392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 643,004

SEC source: 0001104659-22-028088 · tm227861-4_4seq1.xml · nonDerivative · entry 1

Wynne Mitch S. · CIK 0001695394 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 215,378

SEC source: 0001104659-22-028057 · tm227861-6_4seq1.xml · nonDerivative · entry 1

Alcorn Peter · CIK 0001695406 · Vice President - Land

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,644

SEC source: 0001104659-22-028069 · tm227861-11_4seq1.xml · nonDerivative · entry 1

Stone Craig · CIK 0001695415 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,382

SEC source: 0001104659-22-028076 · tm227861-3_4seq1.xml · nonDerivative · entry 1

Fortson Ben J. · CIK 0001695233 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 221,592

SEC source: 0001104659-22-028055 · tm227861-1_4seq1.xml · nonDerivative · entry 1

Ravnaas Robert D. · CIK 0001695242 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 961,596

SEC source: 0001104659-22-028067 · tm227861-8_4seq1.xml · nonDerivative · entry 1

Daly Matthew S. · CIK 0001695310 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 448,095

SEC source: 0001104659-22-028061 · tm227861-10_4seq1.xml · nonDerivative · entry 1

ADAMS WILLIAM H III · CIK 0001182695 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,654

SEC source: 0001104659-22-028053 · tm227861-9_4seq1.xml · nonDerivative · entry 1

MARTIN T SCOTT · CIK 0001413469 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,152

SEC source: 0001104659-22-028074 · tm227861-12_4seq1.xml · nonDerivative · entry 1

Daugbjerg Erik B · CIK 0001596884 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,978

SEC source: 0001104659-22-028063 · tm227861-7_4seq1.xml · nonDerivative · entry 1

Rhynsburger Blayne · CIK 0001761127 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,728

SEC source: 0001104659-22-028050 · tm227861-5_4seq1.xml · nonDerivative · entry 1

Ravnaas Robert Davis · CIK 0001696138 · President and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 645,374

SEC source: 0001104659-21-148604 · tm2135166-2_4seq1.xml · nonDerivative · entry 1

Alcorn Peter · CIK 0001695406 · Vice President - Land

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,446

SEC source: 0001104659-21-148617 · tm2135166-6_4seq1.xml · nonDerivative · entry 1

Taylor Brett G. · CIK 0001695392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 494,883

SEC source: 0001104659-21-148612 · tm2135166-3_4seq1.xml · nonDerivative · entry 1

Ravnaas Robert D. · CIK 0001695242 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 748,471

SEC source: 0001104659-21-148602 · tm2135166-1_4seq1.xml · nonDerivative · entry 1

Daly Matthew S. · CIK 0001695310 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 331,220

SEC source: 0001104659-21-148613 · tm2135166-4_4seq1.xml · nonDerivative · entry 1

Ravnaas Robert Davis · CIK 0001696138 · President and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 480,374

SEC source: 0001104659-21-148615 · tm2135166-5_4seq1.xml · nonDerivative · entry 1

Rhynsburger Blayne · CIK 0001761127 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,460

SEC source: 0001104659-21-142487 · tm2133623-1_4seq1.xml · nonDerivative · entry 1

Daugbjerg Erik B · CIK 0001596884 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,478

F1 · price: The price reported in Column 4 is a weighted average price. These common units representing limited partner interests in Kimbell Royalty Partners, LP ("Common Units") were purchased in multiple transactions at prices ranging from $13.56 to $13.59. The reporting person undertakes to provide to Kimbell Royalty Partners, LP, any security holder thereof or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Units purchased at each separate price within the ranges set forth in this footnote.

SEC source: 0001140361-21-024339 · form4.xml · nonDerivative · entry 2

KKR UPSTREAM ASSOCIATES LLC · CIK 0001746582 · 10% owner

M&E Mineral Holdings LLC · CIK 0001747006 · 10% owner

TE DRILLING AGGREGATOR LLC · CIK 0001747005 · 10% owner

EIGF AGGREGATOR LLC · CIK 0001747007 · 10% owner

KKR Energy Income & Growth Fund I L.P. · CIK 0001586530 · 10% owner

KKR Energy Income & Growth Fund I-TE L.P. · CIK 0001586531 · 10% owner

KKR ASSOCIATES EIGF L.P. · CIK 0001746580 · 10% owner

KKR ASSOCIATES EIGF TE L.P. · CIK 0001746581 · 10% owner

KKR EIGF LLC · CIK 0001594071 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 202,170

F2 · ownership.nature: These securities are held by TE Drilling Aggregator LLC ("TE Drilling Aggregator"). KKR Energy Income and Growth Fund I-TE L.P. ("KKR Energy Income TE") is the sole member of TE Drilling Aggregator, and KKR Associates EIGF TE L.P. ("KKR Associates TE") is the general partner of KKR Energy Income TE.

F3 · ownership.nature: KKR EIGF LLC ("KKR EIGF") is the general partner of KKR Associates and the general partner of KKR Associates TE. KKR Upstream Associates LLC ("KKR Upstream Associates") is the sole member of KKR EIGF. KKR Group Partnership L.P. ("KKR Group Partnership") and KKR Upstream LLC ("KKR Upstream") are the members of KKR Upstream Associates. KKR Group Partnership is the sole member of KKR Upstream. KKR Group Holdings Corp. ("KKR Group Holdings") is the general partner of KKR Group Partnership. KKR & Co. Inc. ("KKR & Co.") is the sole shareholder of KKR Group Holdings. KKR Management LLP ("KKR Management") is the Class B shareholder of KKR & Co. Messrs. Kravis and Roberts are the founding partners of KKR Management.

F4 · ownership.nature: Each of the persons referred to in the above footnotes are collectively referred to herein as the "Reporting Persons." Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001140361-21-024339 · form4.xml · nonDerivative · entry 1

KKR UPSTREAM ASSOCIATES LLC · CIK 0001746582 · 10% owner

M&E Mineral Holdings LLC · CIK 0001747006 · 10% owner

TE DRILLING AGGREGATOR LLC · CIK 0001747005 · 10% owner

EIGF AGGREGATOR LLC · CIK 0001747007 · 10% owner

KKR Energy Income & Growth Fund I L.P. · CIK 0001586530 · 10% owner

KKR Energy Income & Growth Fund I-TE L.P. · CIK 0001586531 · 10% owner

KKR ASSOCIATES EIGF L.P. · CIK 0001746580 · 10% owner

KKR ASSOCIATES EIGF TE L.P. · CIK 0001746581 · 10% owner

KKR EIGF LLC · CIK 0001594071 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 2,961,389

F1 · ownership.nature: These securities are held by M&E Mineral Holdings LLC (f/k/a EIGF Aggregator III LLC) ("M&E Mineral Holdings"). EIGF Aggregator LLC ("EIGF Aggregator") is the managing member of M&E Mineral Holdings. KKR Energy Income and Growth Fund I L.P. ("KKR Energy Income") is the managing member of EIGF Aggregator. KKR Associates EIGF L.P. ("KKR Associates") is the general partner of KKR Energy Income.

F3 · ownership.nature: KKR EIGF LLC ("KKR EIGF") is the general partner of KKR Associates and the general partner of KKR Associates TE. KKR Upstream Associates LLC ("KKR Upstream Associates") is the sole member of KKR EIGF. KKR Group Partnership L.P. ("KKR Group Partnership") and KKR Upstream LLC ("KKR Upstream") are the members of KKR Upstream Associates. KKR Group Partnership is the sole member of KKR Upstream. KKR Group Holdings Corp. ("KKR Group Holdings") is the general partner of KKR Group Partnership. KKR & Co. Inc. ("KKR & Co.") is the sole shareholder of KKR Group Holdings. KKR Management LLP ("KKR Management") is the Class B shareholder of KKR & Co. Messrs. Kravis and Roberts are the founding partners of KKR Management.

F4 · ownership.nature: Each of the persons referred to in the above footnotes are collectively referred to herein as the "Reporting Persons." Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001140361-21-024336 · form4.xml · nonDerivative · entry 2

KKR Group Partnership L.P. · CIK 0001472698 · 10% owner

KKR UPSTREAM LLC · CIK 0001746584 · 10% owner

KKR Group Holdings Corp. · CIK 0001743754 · 10% owner

KKR & Co. Inc. · CIK 0001404912 · 10% owner

KKR Management LLP · CIK 0001472694 · 10% owner

KRAVIS HENRY R · CIK 0001081714 · 10% owner

ROBERTS GEORGE R · CIK 0001081715 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 202,170

F2 · ownership.nature: These securities are held by TE Drilling Aggregator LLC ("TE Drilling Aggregator"). KKR Energy Income and Growth Fund I-TE L.P. ("KKR Energy Income TE") is the sole member of TE Drilling Aggregator, and KKR Associates EIGF TE L.P. ("KKR Associates TE") is the general partner of KKR Energy Income TE.

F3 · ownership.nature: KKR EIGF LLC ("KKR EIGF") is the general partner of KKR Associates and the general partner of KKR Associates TE. KKR Upstream Associates LLC ("KKR Upstream Associates") is the sole member of KKR EIGF. KKR Group Partnership L.P. ("KKR Group Partnership") and KKR Upstream LLC ("KKR Upstream") are the members of KKR Upstream Associates. KKR Group Partnership is the sole member of KKR Upstream. KKR Group Holdings Corp. ("KKR Group Holdings") is the general partner of KKR Group Partnership. KKR & Co. Inc. ("KKR & Co.") is the sole shareholder of KKR Group Holdings. KKR Management LLP ("KKR Management") is the Class B shareholder of KKR & Co. Messrs. Kravis and Roberts are the founding partners of KKR Management.

F4 · ownership.nature: Each of the persons referred to in the above footnotes are collectively referred to herein as the "Reporting Persons." Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001140361-21-024336 · form4.xml · nonDerivative · entry 1

KKR Group Partnership L.P. · CIK 0001472698 · 10% owner

KKR UPSTREAM LLC · CIK 0001746584 · 10% owner

KKR Group Holdings Corp. · CIK 0001743754 · 10% owner

KKR & Co. Inc. · CIK 0001404912 · 10% owner

KKR Management LLP · CIK 0001472694 · 10% owner

KRAVIS HENRY R · CIK 0001081714 · 10% owner

ROBERTS GEORGE R · CIK 0001081715 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 2,961,389

F1 · ownership.nature: These securities are held by M&E Mineral Holdings LLC (f/k/a EIGF Aggregator III LLC) ("M&E Mineral Holdings"). EIGF Aggregator LLC ("EIGF Aggregator") is the managing member of M&E Mineral Holdings. KKR Energy Income and Growth Fund I L.P. ("KKR Energy Income") is the managing member of EIGF Aggregator. KKR Associates EIGF L.P. ("KKR Associates") is the general partner of KKR Energy Income.

F3 · ownership.nature: KKR EIGF LLC ("KKR EIGF") is the general partner of KKR Associates and the general partner of KKR Associates TE. KKR Upstream Associates LLC ("KKR Upstream Associates") is the sole member of KKR EIGF. KKR Group Partnership L.P. ("KKR Group Partnership") and KKR Upstream LLC ("KKR Upstream") are the members of KKR Upstream Associates. KKR Group Partnership is the sole member of KKR Upstream. KKR Group Holdings Corp. ("KKR Group Holdings") is the general partner of KKR Group Partnership. KKR & Co. Inc. ("KKR & Co.") is the sole shareholder of KKR Group Holdings. KKR Management LLP ("KKR Management") is the Class B shareholder of KKR & Co. Messrs. Kravis and Roberts are the founding partners of KKR Management.

F4 · ownership.nature: Each of the persons referred to in the above footnotes are collectively referred to herein as the "Reporting Persons." Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001104659-21-073100 · tm2117791-1_4seq1.xml · nonDerivative · entry 1

Rhynsburger Blayne · CIK 0001761127 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,503

F1 · price: This transaction was executed in multiple trades from $12.80 to $12.94. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of common units and prices at which the transaction was effected.

SEC source: 0001104659-21-047155 · tm2112226-5_4seq1.xml · nonDerivative · entry 1

Taylor Brett G. · CIK 0001695392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 509,013