28 May 2026asset acquisition disposition▲ GoodMajor
The Cross Timbers asset sales closed, netting TXO about $100 million (its 50% JV share) which it used to pay down its credit facility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Mar 2026material agreement● NeutralMajor
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.
6 Oct 2025production update▲ GoodMajor
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.
5 Aug 2025asset acquisition disposition▲ GoodMajor
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.
22 May 2025listing compliance notice▲ GoodMajor
the exchange certified TXO Partners, L.P.'s securities for listing, clearing them to begin trading.
14 May 2025material agreement● NeutralMajor
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.
13 May 2025material agreement▲ GoodMajor
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.
30 Aug 2024asset acquisition disposition▲ GoodMajor
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.
28 June 2024material agreement● NeutralMajor
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.
25 June 2024capital raising announcement▲ GoodMajor
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.
26 Jan 2023listing compliance notice▲ GoodMajor
the exchange certified TXO Partners, L.P.'s securities for listing, clearing them to begin trading.