Stockle - the stock oracle

Friday 9 October 2026 · Oil, gas and mining explorers, from their own disclosures

← All companies

TXO Partners, L.P.

NYSE:TXO · 11 story beats from 2023 to 2026

What it holds, and what it is worth

306bcf gas

reserve · P90 306.2357 / P50 306.2357 / P10 306.2357

59mmbbl oil

reserve · P90 59.351099999999995 / P50 59.351099999999995 / P10 59.351099999999995

Valued at: TXO Partners, L.P. 100% of volumes already stated net
5 notes for review
  • company-reported total: valued at 100% (SEC reserves are already net to the company)
  • gas: no best estimate stated; P50 taken as 306.236 from the low case
  • gas: high case not stated; set equal to P50
  • liquids: no best estimate stated; P50 taken as 59.3511 from the low case
  • liquids: high case not stated; set equal to P50
50%
Probability of
366
mmbbl
100.0%
Value retained
$359,898,680.00
AUD

Leverage per instrument

NYSE:TXO
33%
$13.93 → $4.59

The story so far

The events that changed the company's story, in plain English, each written against everything known about the company at the time. The dot shows whether it was good, bad or neutral for shareholders.

shares on issue market cap (log scale)

202655.2m shares · US$687m market cap

  1. 28 May

    The Cross Timbers asset sales closed, netting TXO about $100 million (its 50% JV share) which it used to pay down its credit facility.

    asset acquisition disposition

    55.2m shUS$687m
  2. 10 Mar

    Cross Timbers Energy, the 50%-TXO joint venture, agreed to sell substantially all its properties (~$200 million total) to private buyers, including $123.5 million to CTOC Energy -- a related party owned by family members of TXO's own board chairman, Bob R. Simpson -- approved by the board's independent Conflicts Committee.

    material agreement

    55.2m shUS$692m

202554.8m shares · US$770m market cap

  1. 6 Oct

    TXO guided to $0.35-$0.40/quarter unitholder distributions for the rest of 2025 and reported its first new-drill result in the newly acquired Elm Coulee field -- a 10,000-foot horizontal averaging 1,024 boe/day over its first 40 days -- while flagging the Mancos Shale as its next development target.

    production update

    54.8m shUS$770m
  2. 5 Aug

    TXO closed the White Rock (Elm Coulee field) acquisition and again expanded its credit facility -- borrowing base raised from $275 million to $410 million and maturity extended to August 2029.

    asset acquisition disposition

    54.8m shUS$833m
  3. 22 May

    the exchange certified TXO Partners, L.P.'s securities for listing, clearing them to begin trading.

    listing compliance notice

    41.2m shUS$683m
  4. 14 May

    TXO sold 11.7 million common units (plus a 1.75-million-unit greenshoe) through Raymond James and Stifel -- a much larger raise than the 2024 EMEP offering -- to help fund the newly announced White Rock acquisition.

    material agreement

    41.2m shUS$683m
  5. 13 May

    TXO agreed to buy White Rock Energy's Williston Basin oil, gas and mineral assets (Elm Coulee field, Montana) for $279.9 million cash at closing plus $70 million deferred a year later -- a second major Williston bolt-on alongside partner North Hudson Resource Partners.

    material agreement

    41.2m shUS$683m

202438.4m shares · US$768m market cap

  1. 30 Aug

    TXO closed the EMEP Williston Basin acquisition and simultaneously expanded its credit facility -- borrowing base raised from $165 million to $275 million and maturity pushed to August 2028 -- to support the larger asset base.

    asset acquisition disposition

    38.4m shUS$768m
  2. 28 June

    TXO sold 6.5 million common units (plus a 975,000-unit greenshoe) through Raymond James to help fund the newly announced EMEP Williston Basin acquisition.

    material agreement

    30.8m shUS$620m
  3. 25 June

    TXO agreed to buy producing Williston Basin oil and gas assets in Montana and North Dakota from EMEP Acquisitions and Vendera for $225 million cash plus 2.5 million common units, its first major bolt-on acquisition since going public.

    capital raising announcement

    30.8m shUS$661m

2023

  1. 26 Jan

    the exchange certified TXO Partners, L.P.'s securities for listing, clearing them to begin trading.

    listing compliance notice