17 Dec 2024director interest notice● Neutral
MACH NATURAL RESOURCES LP director William Wallace Mcmullen bought 562,729 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Dec 2024director interest notice● Neutral
MACH NATURAL RESOURCES LP director William Wallace Mcmullen bought 336,758 shares on the open market.
27 Nov 2024securities registration● Neutral
MACH NATURAL RESOURCES LP registered a securities offering with the SEC using its shelf eligibility.
12 Nov 2024quarterly activities report● Neutral
MACH NATURAL RESOURCES LP reported quarterly revenue of $255.5 million and net income of $67.4 million for the period ended 2024-09-30.
12 Nov 2024quarterly activities report● Neutral
MACH NATURAL RESOURCES LP reported quarterly revenue of $255.5 million and net income of $67.4 million for the period ended 2024-09-30.
12 Nov 2024substantial holder notice● Neutral
Tom L. Ward disclosed a new substantial MACH NATURAL RESOURCES LP shareholding (13.20% of votes).
29 Oct 2024director interest notice● Neutral
MACH NATURAL RESOURCES LP officer Michael E Reel had 1,776 shares withheld for taxes on vesting stock.
29 Oct 2024director interest notice● Neutral
MACH NATURAL RESOURCES LP director Stephen C Perich acquired 9,180 shares at $16.34 under a company stock plan.
29 Oct 2024director interest notice● Neutral
MACH NATURAL RESOURCES LP director Edgar R. Giesinger Jr. acquired 9,180 shares at $16.34 under a company stock plan.
29 Oct 2024director interest notice● Neutral
MACH NATURAL RESOURCES LP officer Tom L. Ward had 10,722 shares withheld for taxes on vesting stock.
29 Oct 2024director interest notice● Neutral
MACH NATURAL RESOURCES LP director Frank A Keating acquired 9,180 shares at $16.34 under a company stock plan.
29 Oct 2024director interest notice● Neutral
MACH NATURAL RESOURCES LP officer Kevin R. White had 10,108 shares withheld for taxes on vesting stock.
9 Sept 2024securities registration● Neutral
MACH NATURAL RESOURCES LP filed the final prospectus for a registered offering.
9 Sept 2024material agreement▲ GoodMajor
The offering closed, raising approximately $112.9 million net for the planned Ardmore Basin and Western Kansas acquisitions.
4 Sept 2024capital raising announcement▲ GoodMajor
Mach launched a public offering of 7,853,403 common units, or about 9.03 million if the underwriters exercised their option for 1,178,010 more. It planned to use the proceeds for two pending acquisitions in the Ardmore Basin and the Anadarko Basin of Kansas and Oklahoma.
4 Sept 2024securities registration● Neutral
MACH NATURAL RESOURCES LP registered a securities offering with the SEC.
30 Aug 2024debt financing▲ Good
Mach added $75 million in additional term loan capacity and reaffirmed the $75 million borrowing base on its smaller super-priority working-capital revolver.
14 Aug 2024securities registration● Neutral
MACH NATURAL RESOURCES LP confidentially submitted a draft registration statement to the SEC.
13 Aug 2024quarterly activities report● Neutral
MACH NATURAL RESOURCES LP reported quarterly revenue of $240.0 million and net income of $39.5 million for the period ended 2024-06-30.
13 Aug 2024quarterly activities report● Neutral
MACH NATURAL RESOURCES LP reported quarterly revenue of $240.0 million and net income of $39.5 million for the period ended 2024-06-30.
14 June 2024director interest notice● Neutral
MACH NATURAL RESOURCES LP officer Kevin R. White sold 300,000 shares at $18.50.
11 June 2024director interest notice● Neutral
MACH NATURAL RESOURCES LP officer Michael E Reel sold 70,000 shares at $19.27.
14 May 2024quarterly activities report● Neutral
MACH NATURAL RESOURCES LP reported quarterly revenue of $239.2 million and net income of $41.7 million for the period ended 2024-03-31.
13 May 2024quarterly activities report● Neutral
MACH NATURAL RESOURCES LP reported quarterly revenue of $239.2 million and net income of $41.7 million for the period ended 2024-03-31.
1 Apr 2024quarterly activities report● Neutral
Mach reported full-year 2023 revenue of $762 million and net income of $347 million, with average production of 50,440 Boe per day. It also reported year-end proved reserves of 345,650 MBoe and reaffirmed its 2024 guidance.
29 Dec 2023asset acquisition disposition▲ GoodMajor
Mach closed the $815 million Paloma acquisition in cash on December 28, 2023. It funded the deal with a new $825 million term loan (Texas Capital Bank administrative agent, Chambers Energy arranger) and a new $75 million MidFirst revolver, and used the term loan to repay and terminate the November MidFirst credit agreement.
21 Nov 2023debt financing▲ GoodMajor
Mach Natural Resources consolidated three legacy revolving credit facilities (inherited from its pre-IPO predecessor entities) into a single new $1.0 billion revolver with MidFirst Bank, with an initial $600 million borrowing base and a 2027 maturity - its first post-IPO credit structure.
13 Nov 2023material agreement▲ GoodMajor
Weeks after its October 2023 IPO, Mach Natural Resources agreed to buy ~62,000 net acres of Anadarko Basin oil and gas assets in Oklahoma from Paloma Partners IV (backed by EnCap Investments) for $815 million, with a syndicate committing an $825 million term loan to fund it.
13 Nov 2023securities registration● Neutral
Mach filed an amendment restating its prospectus supplement on the $815 million Paloma asset acquisition, correcting the assets' PDP reserves to approximately 75 million barrels of oil equivalent.
13 Nov 2023securities registration● Neutral
Mach filed a prospectus supplement disclosing its agreement to buy Paloma Partners IV's Oklahoma assets for $815 million, citing PDP reserves of about 31.5 million barrels of oil equivalent and production of about 32,000 boe per day.