The latest announcement is out from Mach Natural Resources LP ( (MNR) ).
On February 27, 2025, Mach Natural Resources LP announced the successful completion of a senior secured reserve-based revolving credit agreement with a syndicate of ten banks, including Truist Bank as the administrative agent. This new credit facility, with an initial borrowing base of $750 million, was used alongside proceeds from a recent public equity offering to repay and terminate existing credit agreements, thereby streamlining the company’s financial structure and potentially enhancing its operational flexibility.
More about Mach Natural Resources LP
Mach Natural Resources LP is an independent upstream oil and gas company focused on the acquisition, development, and production of oil, natural gas, and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas.
YTD Price Performance: -7.67%
Average Trading Volume: 322,556
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.83B
For a thorough assessment of MNR stock, go to TipRanks’ Stock Analysis page.