secwatch.observer — SEC 8-K summary
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Issuer:     TXO Partners, L.P. (TXO)
CIK:        0001559432
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0001559432-24-000024
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TXO Partners to acquire Williston Basin assets for $243M cash + 2.5M units; launches public offering
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- Acquires producing assets from Eagle Mountain Energy Partners and Kaiser-Francis for $243M cash plus 2.5M common units; expected close Q3 2024.
- Assets add ~4,500 boe/d (~90% liquids) and 17,000 Mboe proved developed reserves per Cawley Gillespie as of April 1, 2024.
- Launches underwritten public offering of 5M common units (with 750K option) to fund portion of cash consideration; Raymond James lead.
- EMEP PSA includes $27.6M termination deposit; KFOC PSA includes $1.8M deposit.
- Reserve report by Cawley Gillespie estimates PDP net PV10 of $307.1M at SEC pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559432/000155943224000024/0001559432-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559432/000155943224000024/txo-20240625.htm
  HTML page:      https://secwatch.observer/filing/0001559432-24-000024

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