TXO Partners and North Hudson Resource Partners to acquire Elm Coulee assets from White Rock Energy for $475m.

TXO Partners, a company that focuses on the acquisition, development, and exploration of oil, natural gas, and natural gas liquid reserves, and North Hudson Resource Partners, an investment firm, agreed to acquire Elm Coulee assets from White Rock Energy, an upstream energy operator, for $475m. “This transaction is the perfect complement to our initial acquisition in the prolific Elm Coulee field of Montana last year. Importantly, the strong well economics and our development plan, even with the lower oil prices, provide a pathway for healthy economic returns. We remain focused on the long-term value creation and distribution strategy for our owners with a disciplined allocation of our capital. These Williston Basin properties deliver growth, compelling margins and long-term visibility,” Brent Clum, TXO Partners Co-CEO.