** Shares of TXO Partners TXO.N down 10.1% to $15.90 after hours following acquisition-related equity offering news
** Fort Worth, Texas-based E&P firm commences $175 mln common units offering
** It plans to use net proceeds to fund $475 mln purchase of certain oil, gas and mineral assets owned by White Rock Energy, which are located in the Williston Basin of Montana and North Dakota
** Pending acquisition expected to close in Q3 2025
** If acquisition not completed, co says offering proceeds will be used to repay debt and for general purposes
** Raymond James and Stifel acting as jt bookrunners for equity offering
** With ~41.2 mln units outstanding, TXO has roughly $730 mln market cap
** TXO shares on Tues closed up 1% at $17.68, up 5% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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