TXO Partners LP
03/10/2026 | Press release | Distributed by Public on 03/10/2026 15:03
TXO PARTNERS ENTERS INTO ASSET SALE AGREEMENTS (Form 8-K)
TXO PARTNERS ENTERS INTO ASSET SALE AGREEMENTS
Fort Worth, TX, March 2026-TXO Partners, L.P. (NYSE, NYSE Texas: TXO) announced today that Cross Timbers Energy, LLC ("Cross Timbers"), a joint venture in which it holds a 50% interest, has executed purchase and sale agreements with multiple private buyers to sell oil and gas properties totaling approximately $200 million in aggregate consideration. Such asset sales, if consummated, represent substantially all of the assets owned by Cross Timbers. TXO expects to receive approximately $100 million in net proceeds, subject to customary purchase price adjustments, and intends to use a portion of the proceeds to pay the $70 million deferred payment for the 2025
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purchase of assets from White Rock Energy, LLC, due on July 31, 2026. Going forward, the company's operations will focus on the Williston Basin, San Juan Basin and the Vacuum and Parker fields in the Permian Basin. These transactions are expected to close in the second quarter of 2026, subject to customary closing conditions. There can be no assurance that all of the conditions to closing any or all of these transactions will be satisfied.
Jefferies LLC is serving as sole financial advisor on the transactions while Kelly Hart & Hallman LLP represents Cross Timbers as legal advisor.
About TXO Partners, L.P.
TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquids (NGL) reserves in
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North America. TXO's current acreage positions are concentrated in the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico and Colorado and the Williston Basin of Montana and North Dakota.
TXO Partners LP published this content on March 10, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 10, 2026 at 21:04 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]