TXO Energy Partners
TXO Energy Partners is a publicly traded oil and gas producer that acquires, develops, and exploits oil, natural gas, and NGL reserves concentrated in the Permian, San Juan, and Williston Basins, selling commodities directly to energy buyers and midstream operators.
- Company typePublic
- Founded2012
- HeadquartersFort Worth, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
TXO Energy Partners firmographics
Firmographics- Name
- TXO Energy Partners
- Legal name
- TXO Partners, L.P.
- Website
- https://txoenergy.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- TXO Energy Partners is a publicly traded oil and gas producer that acquires, develops, and exploits oil, natural gas, and NGL reserves concentrated in the Permian, San Juan, and Williston Basins, selling commodities directly to energy buyers and midstream operators.
- Ownership category
- akta.pro rank
TXO Energy Partners industry classification
Industry- Product category
- Oil and Gas Exploration & Production
- NAICS
- Oil and Gas Extraction (211), Natural Gas Extraction (211130), Crude Petroleum Extraction (21112)
- SIC
- Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)
- akta.pro primary industry
- Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)
- akta.pro secondary industries
- Drilling & Well Construction (E&P Operator-led) (EUALAAAD), Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG)
Keywords
Where TXO Energy Partners is headquartered
LocationHeadquarters
- HQ city
- Fort Worth
- HQ country
- United States
- HQ region
- North America
Markets served
TXO Energy Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Others
Revenue model
- Oil and Gas Production Revenue: TXO Partners generates revenue through the production and sale of oil, natural gas, and natural gas liquids (NGLs) from its asset portfolio in the Permian Basin, San Juan Basin, and Williston Basin. The company also generates revenue through property sales and joint venture transactions.
- Asset Sales and Joint Venture Transactions: The company conducts periodic asset sales through its Cross Timbers Energy joint venture, selling oil and gas properties for aggregate consideration. Q1 2026 included approximately $200 million in gross aggregate consideration from three purchase and sale agreements, with expected net proceeds to TXO Partners of approximately $100 million.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
TXO Energy Partners product offering
Product offeringCore offering
TXO Partners acquires, develops, optimizes, and exploits oil, natural gas, and natural gas liquid (NGL) reserves concentrated in three major North American basins — the Permian Basin (West Texas/New Mexico), the San Juan Basin (New Mexico/Colorado), and the Williston Basin (Montana/North Dakota). Operations focus on enhancing existing producing properties through efficient exploitation of current wells, with new development wells characterized as predictable, repeatable, and low-risk. Legacy assets feature long-lived reserves, low production decline rates, and stable development costs, supporting steady production and distributions.
Product overview
TXO Partners operates as a single integrated oil and gas production and distribution company. The company focuses on the acquisition, development, optimization, and exploitation of oil, natural gas, and natural gas liquid reserves across three primary basins: 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. The company offers oil and natural gas production as its core product offering.
Differentiator
Problem solved
Functional benefit
Products and services
- Oil and Natural Gas Production Integrated oil, natural gas, and natural gas liquid production across the Permian Basin (West Texas and New Mexico), San Juan Basin (New Mexico and Colorado), and Williston Basin (Montana and North Dakota). Operations emphasize efficient exploitation of existing wells on legacy producing properties with well-understood geology and reservoir characteristics, targeting predictable, repeatable, low-risk development outcomes. The product is sold to refineries, natural gas processors, utilities, and industrial buyers of crude oil, natural gas, and NGLs in North American markets.
Quantifiable outcome
- Low production decline rates in core basins
- +2 more outcomes
Companies that use TXO Energy Partners
Customer profileSegments1 record
Ideal customer profiles1 record
TXO Energy Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
TXO Energy Partners partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Cross Timbers Energy (Joint Venture)coreTXO Partners operates a joint venture called Cross Timbers Energy through which it conducts purchase and sale agreements for oil and gas properties. In Q1 2026, the company announced three purchase and sale agreements through this JV to sell oil and gas properties for approximately $200 million in gross aggregate consideration, with two transactions already closed in April 2026 and expected net proceeds to TXO Partners of approximately $100 million.
Scale indicators7 records
Recent moves4 records
Expansion highlights3 records
TXO Energy Partners competitors and assessment
Company assessmentDirect peers
- Matador Resources: Mid-cap independent E&P with operations in the Permian Basin and other US basins, focused on conventional and unconventional oil and gas development; comparable to TXO in scale, basin footprint, and upstream-only business model.
- Magnolia Oil & Gas: Independent E&P focused on oil and gas development in the Permian Basin and Giddings Field, with a strategy emphasizing low-decline, long-lived conventional assets; directly comparable to TXO's conventional, low-decline-rate asset philosophy.
- HighPeak Energy: Pure-play Permian Basin independent operator focused on oil and natural gas development in Howard and surrounding counties; similar to TXO's Permian-focused conventional drilling and development approach.
- Coterra Energy: Independent multi-basin oil and natural gas producer operating in the Permian, Marcellus, and Anadarko basins; comparable to TXO as a publicly traded conventional-and-unconventional E&P focused on low-decline, long-lived reserves across multiple US basins.
- Crescent Energy: US-focused upstream operator with a multi-basin portfolio and history of public partnership structuring; mirrors TXO's MLP-style public structure and conventional-asset acquisition strategy.
- Permian Resources: Large Permian-focused independent E&P pursuing acquisition and development of conventional and unconventional oil and gas properties; comparable to TXO in basin focus and acquisition-led growth strategy.
- Northern Oil and Gas: Non-operating mineral and royalty interests owner across multiple US basins including the Permian and Williston; comparable to TXO in basin footprint and E&P-adjacent exposure to US conventional production.
Broad incumbents
- EOG Resources: One of the largest US-focused independent E&Ps with operations in multiple basins including the Permian; comparable to TXO as a premier multi-basin conventional and unconventional producer with low-decline-rate asset philosophy.
- Devon Energy: Large diversified independent E&P with acreage in the Delaware Basin, Anadarko Basin, and Williston Basin; overlaps with TXO on multi-basin conventional development and basin-by-basin operational focus.
- Murphy Oil: Independent upstream operator with US onshore (Eagle Ford, Permian) and offshore operations producing oil and natural gas; shares TXO's focus on conventional asset exploitation and disciplined capital allocation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
TXO Energy Partners social profiles
Digital presenceTXO Energy Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
TXO Energy Partners leadership team
Management profileNumber of profiles
Profiles3 records
TXO Energy Partners subsidiaries and ownership
Company hierarchySubsidiaries1 record
TXO Energy Partners funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TXO Energy Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TXO Energy Partners
What does TXO Energy Partners do?
TXO Partners acquires, develops, optimizes, and exploits oil, natural gas, and natural gas liquid (NGL) reserves concentrated in three major North American basins — the Permian Basin (West Texas/New Mexico), the San Juan Basin (New Mexico/Colorado), and the Williston Basin (Montana/North Dakota). Operations focus on enhancing existing producing properties through efficient exploitation of current wells, with new development wells characterized as predictable, repeatable, and low-risk. Legacy assets feature long-lived reserves, low production decline rates, and stable development costs, supporting steady production and distributions.
Is TXO Energy Partners a public or private company?
TXO Energy Partners is a public company. It is classified as public and is currently operating.
When was TXO Energy Partners founded?
TXO Energy Partners was founded in 2012. It employs 101 to 250 people.
Where is TXO Energy Partners based?
TXO Energy Partners is headquartered in Fort Worth, United States, in the North America region.
How does TXO Energy Partners make money?
Two revenue lines are on record. Oil and Gas Production Revenue is the primary driver. The others are asset Sales and Joint Venture Transactions.
Who are TXO Energy Partners's main competitors?
Direct peers on record are Matador Resources, Magnolia Oil & Gas, HighPeak Energy, Coterra Energy, Crescent Energy, Permian Resources and Northern Oil and Gas. Broad incumbents are EOG Resources, Devon Energy and Murphy Oil.
Does TXO Energy Partners have an API?
No public API is recorded for TXO Energy Partners.
What industry is TXO Energy Partners in?
TXO Energy Partners's product category is Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUAAAAAA, Conventional Natural Gas Exploration & Production (Dry Gas), with a secondary code of EUALAAAD, Drilling & Well Construction (E&P Operator-led). Its NAICS code is 211 and its SIC code is 1311.