TXO Partners LP has entered into separate agreements with Eagle Mountain Energy Partners and an unnamed company to purchase assets in Elm Coulee field in Montana and Russian Creek field in North Dakota for total cash considerations of $243 million and 2.5 million common units of TXO.
Upon closing, anticipated in this year's third quarter, the deals are expected to add 4,500 boe/d of production (~90% liquids).
TXO Partners is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. TXO’s current acreage positions are concentrated in the Permian basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.
