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Week of Expected Pricing 1/27/2023
Company Name MORNINGSTAR PARTNERS L P
Proposed Ticker TXO
CUSIP 87313P103
Business Description The company focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Our management team has significant industry experience acquiring and exploiting conventional oil and natural gas properties in multiple resource plays and basins. As a result, our operations focus primarily on enhancing the development and operation of producing properties through our concentration on efficiency and optimizing exploitation of current wells. Our 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, each of which we believe is characterized by low geologic risk, low decline rates and high recoveries relative to drilling and completion costs.
Lead Underwriter Raymond James and Associates, Inc., Stifel Nicolaus & Company, Incorporated
Co-Managers Capital One Securities, Inc, Janney Montgomery Scott LLC
Initial Shares 50,00,000
Revised Initial Shares N/A
Initial Price $19.00-$21.00
Revised Price N/A
Final Price $20.00
Final Ticker TXO

 

 

   
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