TXO Partners, L.P. Announces Entry Into Definitive Agreements for Assets in the Greater Williston Basin
TXO Partners, L.P. Common Units Representing Limited Partner Interests (TXO)
Company Research
Source: Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) (“TXO”) announced today that it has entered into separate purchase agreements with Eagle Mountain Energy Partners (A Pearl Energy Investments Portfolio Company) and a private company to purchase assets in the Elm Coulee field in Montana and the Russian Creek field in North Dakota for total cash considerations of $243 million and 2.5 million common units of TXO, subject to customary purchase price adjustments.“TXO uniquely operates as a production and distribution entity, which focuses on cash flow from our legacy assets. As significant owners, our leadership is focused, determined and disciplined,” stated Bob R. Simpson, Chairman and CEO. “This acquisition in the Elm Coulee field represents the return to a region where our team previously had success. We expect the significant oil-in-place targets, with the application of our technology, to create equity value while delivering high returns.”“With an eye to a strong
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- TXO Partners Declares a Second Quarter 2024 Distribution of $0.57 on Common Units; Files Quarterly Report on Form 10-QBusiness Wire
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- TXO Partners President of Production & Development and Director of TXO Energy GP Acquires 28% More Stock [Yahoo! Finance]Yahoo! Finance
TXO
Sec Filings
- 9/12/24 - Form EFFECT
- 9/6/24 - Form D
- 8/30/24 - Form S-3
- TXO's page on the SEC website