TXO Partners, L.P.

TXO Partners, L.P. (TXO) priced its initial public offering on Jan 27, 2023 at $20.00 per share, within its $19.00–$21.00 range, raising $100M, and listed on NYSE. At the IPO price its market capitalization was about $600M. Baker Botts advised the underwriters.

TXO Partners, L.P. is an independent oil and natural gas company that acquires, develops and optimizes conventional oil, natural gas and natural gas liquids reserves in North America. Its properties are mainly in the Permian Basin and the San Juan Basin of New Mexico, Texas and Colorado.

Status

IPO

Ticker

TXO

Exchange

NYSE

Priced

Jan 27, 2023

IPO price

$20.00

Price range

$19.00–$21.00

Raised

$100M

Market cap at IPO price

$600M

First filed

Nov 17, 2022

Underwriters' counsel

Baker Botts

Sector

Energy, mining & utilities

Country / state

TX

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.