TXO Partners' Cross Timbers JV sells oil & gas assets for $200M; TXO expects ~$100M net

TXO Partners, L.P.

Cross Timbers Energy (50% TXO JV) executes purchase agreements for ~$200M; TXO expects ~$100M net proceeds.
Buyer CTOC Energy is owned by family of Chairman Bob R. Simpson; Board and Conflicts Committee unanimously approved.
TXO to use proceeds to pay $70M deferred payment for 2025 White Rock Energy acquisition due July 31, 2026.
Transactions expected to close Q2 2026; operations to focus on Williston, San Juan, and Permian basins.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TXO Partners, L.P. entered into Purchase Agreement with CTOC Energy, LLC valued at approximately $123.5 million in aggregate consideration (effective 2026-03-10).

Action: entry
Agreement: asset purchase
Counterparty: CTOC Energy, LLC
Value: approximately $123.5 million in aggregate consideration
Effective: 2026-03-10

Exact text from the filing

On March 10, 2026, Cross Timbers Energy, LLC (“Cross Timbers”), a joint venture in which TXO Partners, L.P. (the “Partnership”) holds a 50% interest, announced that it has executed purchase and sale agreements with multiple private buyers to sell oil and gas properties totaling approximately $200 million in aggregate consideration (collectively, the “Cross Timbers Transactions”), including a purchase and sale agreement (the “Purchase Agreement”) with CTOC Energy, LLC (“CTOC”) for approximately $123.5 million in aggregate consideration.

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TXO Partners, L.P. filing history →

Source: SEC EDGAR

accession 0001559432-26-000002

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