TXO Partners Enters Into Asset Sale Agreements

Core Viewpoint - TXO Partners, L.P. has entered into asset sale agreements through its joint venture, Cross Timbers Energy, LLC, to sell oil and gas properties valued at approximately $200 million, which will significantly impact its asset portfolio and future operations [1] Group 1: Asset Sale Details - Cross Timbers Energy, LLC, in which TXO holds a 50% interest, has executed purchase and sale agreements with multiple private buyers for oil and gas properties totaling around $200 million [1] - If completed, these asset sales will represent substantially all of the assets owned by Cross Timbers [1] - TXO expects to receive approximately $100 million in net proceeds from these sales, subject to customary purchase price adjustments [1] Group 2: Future Financial Plans - A portion of the proceeds from the asset sales will be allocated to pay a $70 million deferred payment for the 2025 acquisition of assets from White Rock Energy, LLC, due on July 31, 2026 [1] - The transactions are anticipated to close in the second quarter of 2026, pending customary closing conditions [1] Group 3: Operational Focus - Post-transaction, TXO's operations will concentrate on the Williston Basin, San Juan Basin, and the Vacuum and Parker fields in the Permian Basin [1] - TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquids reserves in North America [1]