TXO Partners, L.P. (TXO): M&A transaction — TXO closes $338.6M Elm Coulee acquisition, upsizes credit facility to $410M, declares Q2 distribution $0.45/unit

TXO Partners, L.P.

Acquired producing oil and gas assets in Elm Coulee field (MT/ND) from White Rock Energy for $338.6M cash; $70M deferred to July 31, 2026.
Borrowing base on senior secured credit facility increased from $275M to $410M; maturity extended to August 30, 2029.
Quarterly distribution of $0.45 per common unit declared for Q2 2025, payable Aug 22 to holders of record Aug 15.
Post-acquisition production volumes exceed 10,000 barrels oil per day; portfolio includes over 100 horizontal drilling locations.

item 1.01 item 2.01 item 9.01 item 7.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TXO Partners, L.P. completed an acquisition involving White Rock Energy, LLC for $338.6 million (closed 2025-07-31).

Action: acquisition
Counterparty: White Rock Energy, LLC
Consideration: $338.6 million
Closing: 2025-07-31

Exact text from the filing

The WRE Acquisition was completed under the previously reported purchase and sale agreement, dated as of May 13, 2025, and subject to customary purchase price adjustments, for cash consideration of $338.6 million, including a deferred payment of $70.0 million which is due on July 31, 2026.

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TXO Partners, L.P. filing history →

Source: SEC EDGAR

accession 0001559432-25-000096

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