Mach Natural Resources adds accretive acquisition in Anadarko Basin

Mach Natural Resources signed an agreement with Paloma Partners IV, LLC, a privately-held Delaware limited liability company backed by EnCap Investments and its affiliated companies, to acquire certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma for a total cash consideration of $815 million, subject to customary terms, conditions, and closing price adjustments. The Acquisition is expected to close December 29, 2023, with an effective date of September 1, 2023.