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 liquids (NGL) reserves in North America. Its reserves are approximately 129 million barrels of oil equivalent (MMBoe), of which approximately 60% were liquids and 80% were proved developed, both on a Boe basis. Its assets consisted of approximately 1,294,761 gross (641,865 net) leasehold and mineral acres located primarily in the Permian Basin, San Juan Basin and Williston Basin. Its properties are predominately located in the Permian Basin of New Mexico and Texas, the San Juan Basin of New Mexico and Colorado and the Williston Basin of Montana and North Dakota. It holds 50% interest, executed agreements to dispose of certain of the oil and gas assets owned by Cross Timbers Energy, LLC (Cross Timbers), pursuant to purchase and sale agreements with multiple private buyers.