Certain Common Units of Mach Natural Resources LP are subject to a Lock-Up Agreement Ending on 22-APR-2024.
April 21, 2024
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Certain Common Units of Mach Natural Resources LP are subject to a Lock-Up Agreement Ending on 22-APR-2024. These Common Units will be under lockup for 181 days starting from 24-OCT-2023 to 22-APR-2024.
Details:
The company and its sponsor, directors and executive officers of the general partner have agreed with the underwriters not to offer, sell, transfer or otherwise dispose of any common units or any securities convertible into or exercisable or, exchangeable for, exercisable for, or repayable with common units, for a period of 180 days from the date of the prospectus without first obtaining the written consent of the representatives
Mach Natural Resources LP is an independent upstream oil and gas company. The Company is focused on acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. The Companyâs assets are located throughout Western Oklahoma, Southern Kansas and the panhandle of Texas and consist of approximately 4,600 gross operated PDP wells. Additionally, it owns a portfolio of midstream assets which support its leases, including ownership in four processing plants with combined processing capacity of 353 million cubic feet per day (MMcf/d), along with 1,210 miles of gas gathering pipelines. Additionally, it owns water infrastructure consisting of 880 miles of gathering pipeline and 55 disposal wells. Additionally, the Company owns water infrastructure consisting of 880 miles of gathering pipeline and 55 disposal wells.