TXO Partners completes $241.8M Williston Basin acquisition; credit facility raised to $275M

TXO Partners, L.P.

Acquired oil & gas assets in Elm Coulee (MT) and Russian Creek (ND) for $241.8M cash plus 2.5M common units.
Funded via $141.3M net equity offering (7.475M units) and borrowings under revolving credit facility.
Credit facility borrowing base increased from $165M to $275M; maturity extended to August 30, 2028.
New lenders Texas Capital Bank, UMB, Cadence, First Horizon join; Royal Bank of Canada exits.
Registration rights agreement grants EMEP sellers demand and piggyback registration rights for the units.

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