TXO Partners LP Announces $350 Million Acquisition of Additional Elm Coulee Assets From White Rock Energy

Reuters

2025/05/14

TXO Partners LP Announces $350 Million Acquisition of Additional Elm Coulee Assets From White Rock Energy

FORT WORTH, Texas--TXO Partners, L.P. $(TXO)$ has announced a definitive agreement to acquire producing assets in the Elm Coulee field in the Williston Basin from White Rock Energy, LLC, a portfolio company of Quantum Capital Group. The acquisition, valued at approximately $350 million with $70 million deferred for one year, will be in partnership with North Hudson Resource Partners LP, which will acquire a 30% non-operated interest. This transaction is set to enhance TXO's production with approximately 6,800 daily barrels of oil equivalent, predominantly liquid, and increase Proved Developed reserves to 25,000 Mboe. The transaction is anticipated to close in the third quarter of 2025, subject to customary conditions. TXO aims to strengthen its presence in the Elm Coulee field, bolstered by the field's estimated 4 billion barrels of oil in place and strong well economics.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TXO Partners LP published the original content used to generate this news brief via Business Wire (Ref. ID: 20250513032968) on May 13, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TXO Partners LP published the original content used to generate this news brief via Business Wire (Ref. ID: 20250513032968) on May 13, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TXO","symbol_name":"TXO PARTNERS L.P","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250513:nNDLc425HX:1","article_id":"2535084980","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535084980","pubTimestamp":1747167136,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"FORT WORTH, Texas--TXO Partners, L.P.  has announced a definitive agreement to acquire producing assets in the Elm Coulee field in the Williston Basin from White Rock Energy, LLC, a portfolio company of Quantum Capital Group. 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