Mach Natural Resources LP (NYSE: MNR) recently announced the successful completion of its acquisitions in the Permian Basin and San Juan Basin. The company acquired certain oil and gas assets from Sabinal Energy, LLC and entities owning oil and gas assets managed by Ikav Energy Inc. The combined purchase price for these acquisitions was approximately $1.3 billion.
Following 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.
In conjunction with the acquisitions, Mach made positive amendments to its credit facility, including an upsizing of its revolving credit facility from $750 million to $1.0 billion and the issuance of a new term loan of $450 million. This resulted in an increase in the company’s borrowing base from $750 million to $1.45 billion.
Regarding its financial outlook, the company provided updates to its guidance for the third and fourth quarters of 2025 as well as full-year 2026 guidance. However, specific details about Mach’s guidance can be found on the company’s website.
Tom L. Ward, Chief Executive Officer of Mach, emphasized the significance of these acquisitions, noting that the company has nearly doubled production and established meaningful positions in the Permian and San Juan Basins, creating a more balanced, multi-basin portfolio.
Mach Natural Resources LP is an independent upstream oil and gas company with a focus on the acquisition, development, and production of oil, natural gas, and NGL reserves. The company operates across the Anadarko, Permian, and San Juan Basins. Following these announcements, the company's shares moved 0.88%, and are now trading at a price of $13.70. If you want to know more, read the company's complete 8-K report here.
