M&A
confidence high
sentiment positive
materiality 0.80
TXO Partners, L.P. (TXO): M&A transaction — TXO closes $338.6M Williston Basin acquisition; provides historical financials of White Rock assets
TXO Partners, L.P.
- Acquisition of Williston Basin producing oil and gas assets from White Rock Energy closed July 31, 2025.
- Cash consideration of $338.6 million includes $70 million deferred payment due July 31, 2026.
- Funded by cash from TXO common unit offering and borrowings under credit facility.
- Acquired assets show 6-month 2025 revenues of $85.2M and excess over direct expenses of $65.4M.
- Proved developed reserves 13.6 MMboe; PV-10 standardized measure $272.2M as of Dec 31, 2024.