TXO Partners to acquire assets in the Greater Williston Basin from Pearl Energy Investments for $298m.

TXO Partners, 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, agreed to acquire assets in the Greater Williston Basin from Pearl Energy Investments, a Dallas, Texas-based investment firm, for $298m. "TXO uniquely operates as a production and distribution entity, which focuses on cash flow from our legacy assets. As significant owners, our leadership is focused, determined and disciplined. This acquisition in the Elm Coulee field represents the return to a region where our team previously had success. We expect the significant oil-in-place targets, with the application of our technology, to create equity value while delivering high returns," Bob R. Simpson, TXO Partners Chairman and CEO.