TXO Partners, L.P.

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

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

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

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

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

listing compliance notice

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

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

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

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

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

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

listing compliance notice