TXO Partners appoints Gary Simpson President of Production and Development; declares $0.58/unit Q3 distribution

TXO Partners, L.P.

Gary D. Simpson appointed President of Production and Development, succeeding Keith Hutton; Hutton becomes Executive Vice President.
Quarterly distribution of $0.58 per common unit declared, payable Nov 22, 2024 to holders of record Nov 15, 2024.
Williston Basin asset acquisition closed late August; early economic returns positive, benefits expected in upcoming quarter.
Capital expenditures guided to ~$20 million for remainder of 2024; focus on Texas, New Mexico, and Montana properties in 2025.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Gary D. Simpson

President of Production and Development

TXO · TXO Partners, L.P.

Effective: 2024-11-05
Filed: November 5, 2024, 6:59 PM ET

On November 5, 2024, TXO Partners, L.P. (the “Partnership”) announced the appointment of Gary. D. Simpson as the Partnership’s President of Production and Development, effective as of November 5, 2024, succeeding Keith A. Hutton.

Role change

Keith A. Hutton

Executive Vice President

TXO · TXO Partners, L.P.

Effective: 2024-11-05
Filed: November 5, 2024, 6:59 PM ET

Effective November 5, 2024, Mr. Hutton, will serve as Executive Vice President of the General Partner and will continue to serve as a member of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary D. Simpson was appointed as President of Production and Development at TXO Partners, L.P..

Action: appointed
Role: President of Production and Development

Exact text from the filing

On November 5, 2024, TXO Partners, L.P. (the “Partnership”) announced the appointment of Gary. D. Simpson as the Partnership’s President of Production and Development, effective as of November 5, 2024, succeeding Keith A. Hutton.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Keith A. Hutton changed role as Executive Vice President at TXO Partners, L.P..

Role: Executive Vice President

Exact text from the filing

Effective November 5, 2024, Mr. Hutton, will serve as Executive Vice President of the General Partner and will continue to serve as a member of the Board.

View on SEC.gov

TXO Partners, L.P. filing history →

Source: SEC EDGAR

accession 0001559432-24-000051

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