DariaRen
MorningStar Partners Oil and Gas Company, also known as TXO Energy Partners (TXO), set the terms for a proposed $100 million initial public offering.
TXO said in its latest filing that it is currently looking to supply 5 million units, representing limited partners’ benefits, priced between $19 and $21, would grow to $100 million if valued at mid-range. Proceeds from the agreement will be used in part to pay off debt.
The oil company hopes to list its shares on Nasdaq under the symbol TXO. Booksellers include Raymond James, Stifel, Janney Montgomery Scott and Capital One Securities.
TXO first filed for an IPO in November. looking for 100 million dollars.
Headquartered in Fort Worth, Texas, TXO is focused on the acquisition, development, and exploitation of oil and gas reserves, primarily in the Permian Basin of Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.
TXO is one of several fossil fuel-related companies that have file to the public amid the global energy crisis. Other videographers include BKV (BKV), Mineral Bonus (BNTY), Permex Petroleum (OTCQB:OILF) and Elephant Oil (ELEP).
For more on TXO, check out Donovan Jones’s “TXO Energy Partner Begins IPO Process to Pay Off Debt.”
