TXO Partners Reports Strong Growth, Promising Drill Results, and Boosts Distribution
TXO Partners, L.P., a leading oil and natural gas production company, has announced significant progress in its operations and growth plans. The company, led by Co-CEOs Brent W. Clum and another unnamed individual, is expanding its footprint and increasing production, with promising prospects for its unitholders.
TXO Partners' current acreage positions are predominantly located in the Permian Basin, San Juan Basin, and the Williston Basin. The company is actively developing its Mancos Shale assets, with preparatory work in progress on water and pipeline infrastructure to facilitate financial exploitation.
TXO Partners' first new drill in the Elm Coulee field has demonstrated impressive results, averaging 1,024 barrels of oil equivalent per day over its initial forty days. The company plans to commence oil production from its next two wells in November, with more than 110 locations earmarked for future development.
TXO Partners' strategic growth has been marked by strategic acquisitions, with the company growing in scope and promise over the past fifteen months. Since its IPO, TXO Partners has acquired two significant assets, increasing its distribution and value. The company's strategy is rooted in its long-lived, low-risk property base and financial stewardship as a production and distribution company.
TXO Partners expects to distribute $0.35 to $0.40 per quarter to its unitholders over the remainder of 2025, reflecting the company's commitment to delivering ongoing cash returns and long-term value. With meaningful positions in the Mancos Shale, the Williston Basin, and its legacy Permian properties, TXO Partners has a clear vision for the future, positioning it well for continued growth and success.
