Mach Natural Resources LP said its $136 million acquisition of assets in Oklahoma and southern Kansas was finalized this week.
The Oklahoma City company had previously announced acquisitions of interests in oil and gas properties in the Ardmore Basin of Oklahoma and the Anadarko Basin of Kansas.
On a combined basis, the Acquired Assets were purchased for a total consideration of $136 million, subject to customary terms and conditions, including various closing price adjustments. The Company funded the transactions with a combination of proceeds from Mach’s recent secondary offering and cash on hand.
Source: Business Wire
