Mach Natural Resources LP has just announced the successful completion of its acquisitions in the Permian Basin and San Juan Basin. The company's CEO, Tom L. Ward, highlighted the significance of these acquisitions, stating that they have nearly doubled production and established meaningful positions in both basins, leading to a more balanced, multi-basin portfolio.
The combined purchase price for these acquisitions was approximately $1.3 billion. To fund these transactions, Mach utilized a combination of borrowings under the company's credit facilities and the issuance of Mach common units. As a result of these transactions, Mach now has approximately 168 million common units outstanding.
In conjunction with the acquisitions, Mach also made positive amendments to its credit facility. These amendments included upsizing the revolving credit facility from $750 million to $1.0 billion and issuing a new term loan of $450 million. Consequently, the company's borrowing base increased from $750 million to $1.45 billion.
In addition to these developments, Mach provided updated guidance for the third and fourth quarters of 2025, as well as full-year 2026 guidance. Notably, the company's borrowing base has increased from $750 million to $1.45 billion.
These acquisitions and strategic moves demonstrate Mach's commitment to expanding its presence in the oil and gas sector, as well as its focus on enhancing production and establishing a more balanced portfolio across multiple basins. As a result of these announcements, the company's shares have moved 1.42% on the market, and are now trading at a price of $13.58. If you want to know more, read the company's complete 8-K report here.
