Mach Doubles Production with $1.3B Permian, San Juan Acquisitions

Mach Natural Resources is expanding its operations into the Permian and San Juan basins through acquisitions valued at $1.3 billion, nearly doubling its production from 81,000 to approximately 152,000 barrels of oil equivalent per day. The company will acquire assets from Sabinal Energy for $500 million, which include about 130,000 net acres and primarily liquids production, and from IKAV San Juan for $787 million, encompassing approximately 570,000 net acres with a heavy natural gas focus. These acquisitions increase Mach's natural gas exposure to 66% of total production and expand its leasehold to 2.8 million acres, enhancing its scale and multi-basin positioning. Mach plans to finance the Sabinal deal partially through $300 million in common units and credit facilities, while the transactions are expected to close in the third quarter. Industry analysts have responded positively, giving Mach a consensus 'Buy' rating with a significant upside price target, reflecting strong investor confidence in the company's growth strategy. Leadership emphasizes the transformative nature of these deals, positioning Mach for continued consolidation and long-term success in the oil and gas sector.