An announcement from TXO Energy Partners LP (TXO) is now available.
TXO Partners, L.P. has entered into agreements to acquire oil and gas assets in the Williston Basin, with a significant cash and equity transaction totaling $225 million and 2.5 million common units. These acquisitions include assets from EMEP Acquisitions, LLC, VR4-ELM, LP, and Kaiser-Francis Oil Company, with closing expected in the third quarter of 2024. The deals are subject to customary closing conditions and contain provisions for risk allocation, termination rights, and indemnification, highlighting the strategic expansion of TXO Partners in the energy sector.
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