TXO Partners LP’s board of directors of its general partner declared TXO’s second quarter distribution of $0.48 per common unit for the second quarter ending June 30.
The quarterly distribution will be paid out on Aug. 25 to unitholders of record as of Aug. 18.
TXO Partners continues to expect at least $2 per unit of distributions for the full year—if commodity prices stay supportive, said Bob Simpson, chairman and CEO of TXO in an Aug. 8 press release.
"Our stated strategy to deliver distributions while creating future value served us well in the second quarter," president of business operations and CFO Brent Clum said. "Our team added ownership in the prolific Vacuum Field operations as we expanded our infield development. The net result is cash flow for today with more oil production and reserves for tomorrow."
TXO Partners is an MLP focused on the development and exploitation of oil, natural gas and natural gas liquid reserves in North America.
2023-07-10 - Crescent Energy’s $600 million deal adds 75,000 net acres primarily located in Dimmit and Webb counties, Texas.
2023-09-14 - Vital Energy is growing its Permian Basin portfolio in three separate acquisitions with Henry Energy LP and Henry Resources LP, Tall City Property Holdings III LLC and Maple Energy Holdings LLC.
2023-09-06 - Crescent Energy is boosting its stake in a western Eagle Ford Shale, bringing its total M&A spending in the play to $850 million this year.
2023-07-11 - Vital Energy is raising its outlook on oil and gas production and capital spending after completing a sizable acquisition in the Permian Basin.
2023-09-06 - Magnolia Oil & Gas’ new acquisition of oil and gas producing properties brings the company’s position in Giddings, Texas, to over 500,000 net acres.