Kimbell Royalty Partners Mourns the Passing of Board Member Ben J. Fortson
Kimbell Royalty Partners (NYSE: KRP) announced the passing of Ben J. Fortson, a board member with nearly 60 years of experience in the oil and gas industry.
Fortson was President and CEO of Fortson Oil Company since 1986 and served as Chief Investment Officer and Executive Vice President of the Kimbell Art Foundation since 1975. He began investing in oil and natural gas minerals and royalties in the late 1990s on behalf of the Kimbell Art Foundation, which was a significant sponsor of Kimbell Royalty Partners.
Fortson played a important role in the creation of Kimbell Royalty Partners, from its initial public offering in February 2017 to his tenure as a board member until 2024. His contributions, including his investing skills and vision, were key to the company's success.
Chairman and CEO Robert Ravnaas expressed deep sadness at Fortson's passing, highlighting his wise counsel, sense of humor, and friendship.
- Ben J. Fortson had nearly 60 years of experience in the oil and gas industry.
- Fortson served as President and CEO of Fortson Oil Company since 1986.
- He was Chief Investment Officer and Executive Vice President of the Kimbell Art Foundation since 1975.
- Fortson was instrumental in the creation of Kimbell Royalty Partners.
- He contributed to the company's success with his investing skills and vision.
- The passing of Ben J. Fortson represents a significant loss of expertise and leadership for Kimbell Royalty Partners.
- Potential instability or uncertainty for KRP due to the loss of a key board member.
Mr. Fortson had nearly 60 years of experience in the oil and gas industry and served as President and Chief Executive Officer of Fortson Oil Company since 1986. He also served as Chief Investment Officer and Executive Vice President of the Kimbell Art Foundation since 1975.
Mr. Fortson began investing in oil and natural gas minerals and royalties in the late 1990s on behalf of the Kimbell Art Foundation, which was one of the original and largest sponsors of Kimbell Royalty Partners. Mr. Fortson was instrumental in the creation of Kimbell Royalty Partners, beginning with its initial public offering in February 2017 and continuing through to 2024 as a member of the board of directors.
"Ben's distinguished career in the oil and natural gas industry spanned nearly six decades, and we are very sad to lose him both as a good friend and wise counselor to Kimbell Royalty Partners. Our Executive Vice Chairman, Brett Taylor, and I have known and worked with Ben for decades, beginning with our first royalty acquisition in the late 1990s. His wise counsel, vision and prescient investing skills were a key factor to the success of Kimbell Royalty Partners over the years. We will miss his advice, sense of humor and friendship," said Robert Ravnaas, Chairman and Chief Executive Officer of Kimbell Royalty Partners' general partner.
About Kimbell Royalty Partners, LP
Kimbell (NYSE: KRP) is a leading oil and gas mineral and royalty company based in
Contact:
Rick Black
Dennard Lascar Investor Relations
krp@dennardlascar.com
(713) 529-6600
View original content:https://www.prnewswire.com/news-releases/kimbell-royalty-partners-mourns-the-passing-of-board-member-ben-j-fortson-302149595.html
SOURCE Kimbell Royalty Partners, LP
FAQ
Who was Ben J. Fortson in relation to Kimbell Royalty Partners (KRP)?
What was Ben J. Fortson's role in Kimbell Royalty Partners?
How did Ben J. Fortson contribute to the oil and gas industry?
What impact does Ben J. Fortson's passing have on KRP?
When did Ben J. Fortson start investing in oil and natural gas minerals?
