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10.03.26 - 22:03
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TXO Partners Enters Into Asset Sale Agreements (Business Wire)
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FORT WORTH, Texas--(BUSINESS WIRE)--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 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...
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26.02.26 - 22:15
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TXO PARTNERS Declares a Fourth Quarter 2025 Distribution of $0.30 on Common Units; Files Annual Report on Form 10-K (Business Wire)
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FORT WORTH, Texas--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE, NYSE Texas: TXO) announced today that the Board of Directors of its general partner declared a distribution of $0.30 per common unit for the quarter ended December 31, 2025. The quarterly distribution will be paid on March 17, 2026, to eligible unitholders of record as of the close of trading on March 10, 2026.
“We are thrilled with the success of our expanding operations in the Elm Coulee field of the Williston Basin. With a dominant leasehold position, our team has done a masterful job of integrating ongoing operations with our first tranche of new, long-lateral drill wells, and there is more to come,” stated Brent W. Clum, Co-Chief Executive Officer & CFO. “We will continue to allocate capital investment to generate meaningful distributions for our partners, while ultimately building the net asset base of a more valuable company. With our Q4 results, we are pleased to deliver a distribution of $0.30 per unit to our unitholders.”
“T...
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