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TXO Energy Partners LP ( (TXO) ) just unveiled an update.
On January 15, 2025, TXO Partners, L.P. announced a significant natural gas potential of 3 Tcfe in the Mancos Shale of the San Juan Basin, which is expected to substantially enhance their reserve holdings and production potential. The company has identified a 3,520-acre block as Phase I for developing and monetizing reserves, with internal estimates indicating the potential to nearly double existing natural gas reserves. This development is anticipated to drive significant value for stakeholders, leveraging favorable natural gas economics and strategic positioning within the basin.
More about TXO Energy Partners LP
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 liquid reserves in North America. Their 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.
YTD Price Performance: 5.78%
Average Trading Volume: 107,033
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $728.3M
For detailed information about TXO stock, go to TipRanks’ Stock Analysis page.
