Mach Natural Resources LP announced the completion of its previously announced $1.3 billion in transactions consisting of the acquisition of certain oil and gas assets from Sabinal Energy, LLC and the acquisition of entities owning oil and gas assets managed by IKAV Energy Inc.
Tom L. Ward, Chief Executive Officer of Mach, commented, “Today marks an important step forward for Mach. With the successful completion of these two acquisitions, we have advanced our strategic pillars by nearly doubling production, establishing meaningful positions in the Permian and San Juan Basins, and creating a more balanced, multi-basin portfolio.”
Mach paid a combined purchase price of approximately $1.3 billion, funded through the combination of borrowings under the Company’s credit facilities, as well as the issuance of Mach common units. After completing the Transactions, Mach has approximately 168 million common units outstanding, including approximately 19 million units issued to the sellers of Sabinal and approximately 31 million units issued to the sellers of IKAV San Juan as consideration for the Transactions.
Concurrently, the Company also announced that positive amendments have been made to its credit facility. The amendments included upsizing its revolving credit facility from $750 million to $1.0 billion and issuing a new term loan of $450 million. As a result, the Company’s borrowing base increased from $750 million to $1.45 billion.
The Company also provided updates to its guidance for the third and fourth quarters of 2025 and provided full-year 2026 guidance. Additional details of Mach’s guidance are available on the Company’s website at www.machnr.com.