TXO Partners, L.P. (NYSE: TXO) is designed as a natural
resources production company committed to distributing ongoing cash
returns while delivering long-term value to unit holders. This
strategy is based on its long-lived, low-risk property base,
coupled with strong financial stewardship.
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the full release here:
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TXO San Juan Mancos Acreage. (Photo:
Business Wire)
“TXO has built a portfolio of oil and gas rich assets with
tremendous potential for development. The confidence we have in the
performance of these properties provides the foundation for our
premium distribution company,” stated Bob R. Simpson, Chairman and
CEO. “With this perspective, our technical team has identified
another extraordinary play within TXO’s vast operated production
base. The Mancos Shale is an upcoming, giant natural gas field
where we hold a 58,500 contiguous- acre position that is held by
production. The target holds nearly 3 Tcfe of natural gas
potential. On an oil equivalent basis, we believe this could
represent as much as five times our current total reserve base. The
catalyst for action in developing this project is commodity price,
and we anticipate strong natural gas economics ahead.”
“We believe the Mancos Shale development will be a game-changer
for our reserve holdings and production potential,” continues Gary
D. Simpson, President of Production and Development. “TXO acreage
and operations reside in prime position. Offset drilling on
adjoining acreage has confirmed well results. Given all the
important criteria—reservoir characteristics, acreage location,
productivity data, and infrastructure access—we have identified a
tactical 3,520-acre block as Phase I for developing and monetizing
reserves, representing about 6% of our current Mancos position.
Specifically, our internal engineers estimate that this single
position holds about 200 to 300 Bcf of natural gas with 25 Bcfe
estimated per drill well and has the potential to almost double our
existing natural gas reserves. Importantly, the company’s acres for
exploitation are held by production with no leasehold expiration
dates. We expect to drill, develop, and monetize at an economically
opportune time and pace. We believe this high-impact, shale project
will drive extraordinary value for our owners.”
For perspective, Exhibit A reflects the summary of our Mancos
Play Phase I project within the scope of the total 3 Tcfe of
captured potential, which is in excess of 58,000 contiguous acres.
The ongoing cash flow from all activities will be allocated to
capital investment decisions, unit distributions, and debt
management.
San Juan Basin - Mancos Shale Play Overall Natural Gas
Resource Potential – 3 TCFE across 58,500 acres
Within basin, TXO has water rights, company owned surface &
SWD, and optionality for key gas gathering systems.
Phase 1 Summary
- ~3,520 ac = <6% of TXO’s Total Mancos Acreage Position
- 8-12, 15K’ Wells - 25+ bcf per Well
- 200-300 Bcf Gross Reserves expected
About TXO Partners, L.P.
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. TXO’s 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.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements contained in this press release constitute
“forward- looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include the words such as “may,” “assume,” “forecast,”
“could,” “should,” “will,” “plan,” “believe,” “anticipate,”
“intend,” “estimate,” “expect,” “project,” “budget” and similar
expressions, although not all forward-looking statements contain
such identifying words. These forward-looking statements include
the resource potential of our acreage in the Mancos Play of the San
Juan Basin, the future production and potential economic value of
our Mancos acreage, our ability to realize the anticipated benefits
from our Mancos acreage, the impacts of the Mancos acreage on our
reserves and production, our expectations of positive natural gas
commodity pricing environments ahead, the timing, amount and area
of focus of future investments in our assets and the impacts of
future commodity price changes. These forward-looking statements
are based on management’s current belief, based on currently
available information, as to the outcome and timing of future
events at the time such statement was made, and it is possible that
the results described in this press release will not be achieved.
Our assumptions and future performance are subject to a wide range
of business risks, uncertainties and factors, including, without
limitation, the following: our ability to meet distribution
expectations and projections; the volatility of oil, natural gas
and NGL prices; our ability to safely and efficiently operate TXO’s
assets; uncertainties about our estimated oil, natural gas and NGL
reserves, including the impact of commodity price declines on the
economic producibility of such reserves, and in projecting future
rates of production; and the risks and other factors disclosed in
TXO’s filings with the SEC, including its Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and Current Reports on Form
8-K.
Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, TXO does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise. New factors emerge from time to time, and it is not
possible for TXO to predict all such factors.
Cautionary Note to Investors
The SEC permits oil and gas companies, in their filings with the
SEC, to disclose only proved, probable and possible reserves that
meet the SEC's definitions for such terms. TXO may use certain
broader terms such as “natural gas potential,” “natural gas
resource potential,” “gross reserves,” “total reserve base” and
“total possible value” in its communications to investors that the
SEC's guidelines strictly prohibit TXO from including in filings
with the SEC. These types of estimates do not represent, and are
not intended to represent, any category of reserves based on SEC
definitions, are by their nature more speculative than estimates of
proved, probable and possible reserves and do not constitute
"reserves" within the meaning of the SEC's rules. These estimates
are subject to greater uncertainties, and accordingly, are subject
to a substantially greater risk of actually being realized.
Investors are urged to consider closely the disclosures and risk
factors in the reports TXO files with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20250115268438/en/
TXO Partners Brent W. Clum President, Business Operations &
CFO 817.334.7800 ir@txopartners.com
TXO Partners (NYSE:TXO)
過去 株価チャート
から 2 2025 まで 3 2025
TXO Partners (NYSE:TXO)
過去 株価チャート
から 3 2024 まで 3 2025
