Mach Natural Resources LP has completed $1.3 billion in acquisitions from Sabinal Energy and IKAV Energy Inc., nearly doubling its production and expanding into the Permian and San Juan Basins. The transactions, funded through a mix of debt and equity, also strengthen Mach’s financial position with an upsized $1.0 billion revolving credit facility, a new $450 million term loan, and a borrowing base increase to $1.45 billion.

Mach Natural Resources LP has announced two major acquisitions totaling $1.3 billion, marking a significant expansion of its asset base and production footprint. Through definitive agreements to acquire oil and gas assets from Sabinal Energy, LLC and IKAV Energy Inc., Mach is entering the Permian Basin and San Juan Basin, complementing its existing Mid-Continent operations.

Oklahoma City-based Mach Natural Resources LP has successfully completed the acquisition of oil and gas assets across Oklahoma and Kansas, further solidifying its position as a key player in the region.

Mach Natural Resources LP delivered a strong performance in the first quarter of 2024, with solid production numbers, controlled operating expenses, and significant net income.

Mach Natural Resources LP announced its financial and operating results for the year ended December 31 of 2023, showing total revenues of $762 million and net income of $347 million.

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.