Mach Natural Resources to acquire Anadarko Basin assets for $815M; financing secured

MACH NATURAL RESOURCES LP

Purchase price $815M cash for 62,000 net acres in Oklahoma; expected close Dec 29, 2023.
PDP reserves corrected to ~75 MMBoe; current production ~32,000 Boepd (23% oil, 57% liquids).
Funded by $825M senior secured term loan from group led by Chambers Energy, EOC Partners, and others.
Acquisition described as accretive to cash available for distribution and expected distribution per unit.
Post-close Debt/EBITDA expected to remain below 1.0x; reinvestment rate under 50%.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MACH NATURAL RESOURCES LP entered into PSA with Paloma Partners IV, LLC valued at $815,000,000 (effective 2023-11-10).

Action: entry
Agreement: asset purchase
Counterparty: Paloma Partners IV, LLC
Value: $815,000,000
Effective: 2023-11-10

Exact text from the filing

On November 10, 2023, Mach Natural Resources LP (the “Company”) entered into a purchase and sale agreement (the “PSA”) with Paloma Partners IV, LLC

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MACH NATURAL RESOURCES LP filing history →

Source: SEC EDGAR

accession 0001213900-23-085932

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