TXO Partners makes leadership changes with Bob Simpson retirement
Bob R. Simpson will retire from the office of chief executive officer of TXO Partners LP’s general partner, effective Apr. 1, 2025. He will remain chairman of the board.
With Bob Simpson's retirement, Gary D. Simpson and Brent W. Clum will both be promoted to serve as co-chief executive officers.
Additionally, effective Apr. 1, 2025, Gary D. Simpson will join the board of directors of the general partner. G. Simpson, who currently serves as president of production and development, will maintain his existing responsibilities.
Clum, who currently serves as president of business operations, chief financial officer, and director of the general partner, will also continue in these roles alongside his new appointment. The transition will take effect Apr. 1, 2025.
“No doubt, Bob is a legend within the energy industry. Over a remarkable career of fifty years, his entrepreneurial spirit, financial stewardship and dogged endurance have forged his all-around success. We have been blessed to learn from him along the way. I am honored to partner with Brent to take the reins of CEO going forward,” said Gary Simpson.
TXO Partners LP 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, the San Juan basin of New Mexico and Colorado, and the Williston basin of Montana and North Dakota.