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
Smaller regional U.S. banks have boosted significantly their lending to oil and gas firms over the past two years.Small banks significantly boost loans to oil and gas firms
Discover the intricacies of leasing oil and gas land: from identification to negotiation, regulatory approval, and exploration. Maximize asset value now!The steps involved in leasing oil and gas land
Embracing innovationEmbracing innovation is the key to oil industry growth, says expert
As a group, the oil and gas industry’s free cash flow-to-capital expenditures ratio rose to 1 last year from 0.4 in 2020, and it’s forecast to approach 1.4 by 2030.Gas & Oil companies are swimming in so much cash that they’re cutting back on borrowing at a faster pace
oil prices climbOil prices climb as Trump pledges to refill strategic petroleum reserve
Chevron Corp. beat earnings estimates and raised dividends after posting record oil and natural gas production.Chevron beats earning estimates following “record” oil and gas production
Oil and gas mergersOil and gas mergers total $250 billion in just 12 months
The BLM NM State Office opened a 30-day public scoping period to receive public input on four oil & gas parcels totaling 6,972 acres.BLM seeks public comment for oil and gas lease sale in Texas
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