---
schema_version: "secwatch.filing_event.v1"
accession: "0001559432-26-000002"
form_type: "8-K"
ticker: "TXO"
cik: "0001559432"
company_name: "TXO Partners, L.P."
filed_at: "2026-03-10T23:59:59+00:00"
generated_at: "2026-05-15T16:37:17.956265+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001559432-26-000002
- form_type: 8-K
- ticker: TXO
- cik: 0001559432
- company_name: TXO Partners, L.P.
- filed_at: 2026-03-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1559432/000155943226000002/0001559432-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1559432/000155943226000002/txo-20260310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001559432-26-000002
- JSON: https://secwatch.observer/filing/0001559432-26-000002.json
- Plain text: https://secwatch.observer/filing/0001559432-26-000002.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1559432/000155943226000002/0001559432-26-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.