TXO Energy Partners, L.P. Announces Launch of IPO

IPO

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MorningStar Partners, L.P., which will be renamed TXO Energy Partners, L.P., announced today the start of its initial public offering of 5,000,000 common units representing TXO limited partner interests. TXO will also give the underwriters the option to buy up to 750,000 additional common units at the initial public offering price, less underwriting discounts and commissions.

The price of the initial public offering is expected to range between $19.00 and $21.00 per common unit. We have applied to the New York Stock Exchange to list our common units under the ticker symbol “TXO.”

TXO Energy 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 and the San Juan Basin of New Mexico and Colorado.

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