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TXO Partners, L.P. → White Rock Energy Llc- One-Page Deal Sheet

Announced Date
May 13,2025
Effective Date
May 01,2025
Close Date
July 31,2025
Transaction Type
Asset
Enterprise Value (EV)($MM)
475




Snapshot
Asset/Basin:
["Williston Basin"]
TargetZones:
[]
Net Acres
190,000
Proved Reserves
25 MMboe

Source Documents:
   Source Link
Location
Region
Williston Basin

Country
United States

State
Montana

Production & Reserves
Production
6,800 Boe/d

Production Mix
93 % Liquid

Reserves
25 MMboe (1P)


Calculated Metrics( EV/Category)
$/ Flowing
69,853

$/ Acre
2,500

Transaction Details: 

TXO Partners, said it it acquiring producing oil and gas assets in the Elm Coulee field of the Williston Basin (Montana & North Dakota) from White Rock Energy, LLC, a portfolio company of Quantum Capital Group.

 The transaction, valued at $350 million in cash (subject to adjustments), includes $70 million in deferred payments due one year after closing.

The acquisition was structured in partnership with North Hudson Resource Partners LP, whose affiliates will acquire a 30% non-operated interest, bringing the total transaction value to $475 million, effective May 1, 2025.

Asset Overv

  • Production Add: ~6,800 boe/d (93% liquids)

  • Reserves: ~25,000 Mboe of Proved Developed reserves (as of April 30, 2025; SEC pricing)

  • Acreage: Over 190,000 productive acres

  • Field: Elm Coulee – known for rich oil-in-place (~4 billion barrels), strong margins, and horizontal development potential

  • Profile: Low decline, long-term production visibility

Source : Wikipedia.

United States Deal Activity In Last 12 Months


Other Williston Basin Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-31-2024 - - Click here North Dakota  E&P
Aug-24-2023 - - Click here North Dakota  E&P
Sep-06-2022 - - Click here   E&P
Jul-11-2022 - - Click here Texas  E&P
Jul-06-2022 - - Click here Montana  E&P

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jul-11-2022 - - Click here Montana  E&P
Jul-06-2022 - - Click here Montana  E&P
Aug-30-2021 - - Click here Montana  E&P
Feb-10-2021 - - Click here Montana  E&P
Apr-03-2019 - - Click here Montana  E&P

Price History


Date Deal Headline Price$/acre
Feb-10-2021 Equinor Sells Bakken Assets to PE-Backed Firm for $900MM -  
Oct-23-2017 LINN Sells Williston Basin Properties for $285 Million -  
Aug-18-2016 Continental Resources Sells Off 80,000 Acres of Rockies Assets -   1,550