Kimbell Royalty Partners LP (FRA:0R3) Reserve Replacement Ratio % : 0.00% (As of . 20)

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What is Kimbell Royalty Partners LP Reserve Replacement Ratio %?

Reserve Replacement Ratio % (RRR) is a metric used by investors to judge an oil company's operating performance. It is the amount of oil added to a company's reserves divided by the amount extracted for production.

The historical rank and industry rank for Kimbell Royalty Partners LP's Reserve Replacement Ratio % or its related term are showing as below:

FRA:0R3's Reserve Replacement Ratio % is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Reserve Replacement Ratio % only.

Kimbell Royalty Partners LP Reserve Replacement Ratio % Historical Data

The historical data trend for Kimbell Royalty Partners LP's Reserve Replacement Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kimbell Royalty Partners LP Reserve Replacement Ratio % Chart

Kimbell Royalty Partners LP (FRA:0R3) Reserve Replacement Ratio % Explanation

Reserve Replacement Ratio % is a metric used by investors to judge an oil company's operating performance. It measures the amount of proved reserves added to a company's reserve base during the year, relative to the amount of oil and gas that the company has produced.

According to conventional market wisdom, when demand is stable, a company's reserve-replacement ratio must be at least 100% for the company to sustain current production levels. Any figure greater than 100% likely indicates that the company has room for growth. Conversely, any number less than 100% telegraphs a cause for concern that the company may soon run out of oil.

This ratio can sometimes be affected by new technologies, changes to supply and demand dynamics and fluctuating oil prices. A high reserve-replacement ratio achieved through organic replacement is considered better than a high reserve-replacement ratio achieved through purchasing proved reserves.

Kimbell Royalty Partners LP Reserve Replacement Ratio % Related Terms

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Kimbell Royalty Partners LP (FRA:0R3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kimbell Royalty Partners LP (FRA:0R3) » Definitions » Reserve Replacement Ratio %

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Traded in Other Exchanges

KRP:USA 0R3:Germany

Address

777 Taylor Street, Suite 810, Fort Worth, TX, USA, 76102

Website

https://www.kimbellrp.com

Kimbell Royalty Partners LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. The company's basins and producing regions include areas of interest in the Permian Basin, Mid-Continent, Terryville/Cotton Valley/Haynesville, Appalachian Basin, Eagle Ford, Bakken/Williston Basin, and DJ Basin/Rockies/Niobrara. Its revenues are derived from royalty payments received from operators based on the sale of oil, natural gas, and NGL production, as well as the sale of NGLs that are extracted from natural gas during processing.

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