Mach Natural Resources to Buy Some Oil and Gas Assets for $1.3 Billion

Dow Jones
2025/07/10
 

By Nicholas G. Miller

 

Mach Natural Resources said Thursday it has agreed to acquire some oil and gas assets in the Southwestern U.S. for $1.3 billion.

The Oklahoma City-based oil and gas company said the transactions would nearly double its production and diversify its geographic exposure across the continent.

"With this step, we significantly enhance our scale and gain strategic multi-basin positioning," said Tom Ward, chief executive officer of Mach.

The company will buy the assets of Sabinal Energy in the Permian Basin, located in Texas and New Mexico, for $500 million, including $300 million in equity. Mach will buy the assets of IKAV San Juan in the San Juan Basin of New Mexico, Utah, Colorado and Arizona for $787 million, including $462 million in equity, it added.

The transactions are expected to close during the third quarter.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

July 10, 2025 07:56 ET (11:56 GMT)

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