Mach closes deals in Permian, San Juan basins for $1.3B

Last updated: | Reading Time: 1 minutes
Mach Natural Resources LP closes $1.3B acquisition of oil & gas assets from Sabinal Energy LLC and IKAV San Juan.

Mach Natural Resources LP has closed its acquisition of oil and gas assets from Sabinal Energy LLC and assets managed by IKAV San Juan in a pair of deals valued at $1.3 billion. Learn how Mach closes deals recently.

In the Permian Basin, Mach said in July it would pay $500 million to acquire assets from Sabinal Energy LLC, a private E&P backed by Kayne Anderson private equity funds.

In the San Juan Basin, the company said it would pay $787 million to acquire IKAV San Juan, one of the basin’s top natural gas producers.

Click here to read the full article
Source: HARTENERGY

—

Do you have any questions or thoughts about the topic related to Mach closes deals? Feel free to contact us here or leave a comment below.

You might also like
AI is transforming oil & gas, boosting efficiency, output, and safety as energy giants race toward full digital transformation.The AI revolution in oil & gas: A new era of smart energy
The US Geological Survey discovered new oil and gas reserves in the Permian Basin — enough to supply the US for 10 months.USGS discovers new oil and gas reserves in the Permian Basin
Upstream oil and gas employment in Texas rose by 1,000 jobs month/month in August, marking a third straight month of sequential gainsTexas upstream employment swells amid soaring natural gas, oil production
The BLM WY State Office has opened a 30-day public scoping period to receive public input on 5 oil & gas parcels that may be included in a Sept. 2024 lease sale in WYBLM seeks public comment for oil and gas lease sale in Wyoming
India agrees to buy more US fossil fuels, combat aircraft, and ease tariffs after Modi-Trump meeting at the White House.Modi hails Trump ‘mega-partnership’ as India pledges to buy more US oil and gas
Since 2019, PSP turned $181M into $1.8B impact, boosting education, health, jobs, and roads in 22 Permian Basin counties.PSP turns $184M investment into $1.8B community impact in Permian Basin
BP now sees 2050 oil demand forecast to 83M barrels/day, 8% higher than prior estimate, signaling rising long-term oil use.BP predicts higher oil and gas demand, suggesting world will not hit 2050 net zero target
In 2023, upstream oil and gas saw significant increases in hiring with the job count growing by 15,300 jobs for the year.Oil & gas jobs in Texas continued strong growth to close out 2023
US oil rig count rises for third consecutive weekThe total number of active drilling rigs for oil and gas in the US increased this week, with oil rigs rising for the third consecutive week.Discover how private equity and institutional investors drive growth, cash flow, and sustainability in the mineral rights market.Private Equity and Institutional Investment in Mineral Rights