The full year 2023 and fourth quarter financial and operating results for Oklahoma City’s Mach Natural Resources LP will be released next week.
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Mach Natural Wells Drilled Since 2023
The company that has oil and gas operations in the Anadarko Basin of western Oklahoma and southern Kansas and into the Texas Panhandle will release the results on Monday, April 1.
A conference call will be held Monday morning at 8 o’clock.
Mach reported third quarter generated net income of $83 million and adjusted EBITDA of $121 million. It also incurred capital expenditures of $66 million during the quarter.
The company also completed the $815 million acquisition of assets from Paloma Partners IV, LLC at the end of December. Machreported that third quarter sales volumes averaged 49,390 barrels of crude oil equivalent a day.
At the time, Mach’s Chief Executive Officer Tom L. Ward said the company generated strong cash flow from “better-than-expected production volumes.”
” Additionally, our strong results for the quarter were achieved while keeping our reinvestment rate below 50%. As we look
ahead, our focus will remain the same—execute on our operations so that we can continue to deliver robust distributions to our unitholders.”
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