Adobe Stock
Fort Worth-based energy company TXO Partners is now trading on a brand-new stock exchange based in Dallas. TXO announced that its shares are officially listed on NYSE Texas, a fully electronic exchange that just launched. The company will keep its main listing on the New York Stock Exchange and use the same ticker symbol, “TXO,” on both markets.
“The founders of TXO have a relationship with the NYSE dating back to 1980, with six listed companies over the last forty-five years,” said Gary D. Simpson, TXO co-CEO, in a statement. “This new venture is a bold initiative for the exchange and TXO Partners in our home state.”
Co-CEO Brent Clum called the move a chance to support innovation in the company's home state.
NYSE Texas leaders welcomed TXO, calling the listing a sign of the company’s leadership in energy and its commitment to advancing financial markets in Texas.
TXO Partners, L.P. is 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. TXO’s current acreage positions are concentrated in 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.