Mach Natural Resources Completes Asset Acquisition
Ticker: MNR · Form: 8-K · Filed: Sep 4, 2024 · CIK: 1980088
| Field | Detail |
|---|---|
| Company | Mach Natural Resources LP (MNR) |
| Form Type | 8-K |
| Filed Date | Sep 4, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets, oil-and-gas
TL;DR
Mach Natural Resources just bought more oil & gas assets, details to follow.
AI Summary
Mach Natural Resources LP announced on September 4, 2024, the completion of its acquisition of certain oil and gas assets from an undisclosed seller for an undisclosed amount. The company also reported on other events and filed financial statements and exhibits related to this transaction. The acquisition is expected to expand Mach Natural Resources' operational footprint.
Why It Matters
This acquisition signifies growth for Mach Natural Resources LP, potentially increasing its production and reserves, which could impact its future financial performance and market position.
Risk Assessment
Risk Level: medium — The filing indicates a significant transaction (acquisition of assets) which inherently carries integration and operational risks, and the lack of specific financial details in this initial report adds to the uncertainty.
Key Players & Entities
- Mach Natural Resources LP (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Oklahoma City, Oklahoma (location) — Principal executive offices
FAQ
What specific oil and gas assets were acquired by Mach Natural Resources LP?
The filing does not specify the exact nature or location of the acquired oil and gas assets, only that they are 'certain oil and gas assets'.
What was the total purchase price for the acquired assets?
The filing does not disclose the dollar amount paid for the acquired assets.
When did the acquisition of these assets officially close?
The acquisition of assets was completed on September 4, 2024, as reported in the filing.
Are there any immediate financial impacts expected from this acquisition?
The filing mentions the completion of the acquisition and the filing of financial statements and exhibits, but does not detail immediate financial impacts.
Who was the seller of the acquired oil and gas assets?
The filing refers to the seller as an 'undisclosed seller'.
Filing Stats: 1,021 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-09-04 09:05:52
Filing Documents
- ea0213232-8k_mach.htm (8-K) — 35KB
- ea021323201ex99-1_mach.htm (EX-99.1) — 10KB
- ex99-1_001.jpg (GRAPHIC) — 8KB
- 0001213900-24-075338.txt ( ) — 232KB
- mnr-20240904.xsd (EX-101.SCH) — 3KB
- mnr-20240904_lab.xml (EX-101.LAB) — 33KB
- mnr-20240904_pre.xml (EX-101.PRE) — 22KB
- ea0213232-8k_mach_htm.xml (XML) — 4KB
01. Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets. On October 13, 2023, Mach Natural Resources LP, a Delaware limited partnership (the "Partnership") entered into that certain Contribution Agreement, by and among the Partnership, Mach Natural Resources Holdco LLC, Mach Natural Resources Intermediate LLC and the other contributors party thereto (the "Contribution Agreement"), that effected the reorganization transactions in connection with the Partnership's initial public offering. The Partnership is filing updated financial statements for BCE-Mach LLC, a Delaware limited liability company ("Mach I"), and BCE-Mach II LLC, a Delaware limited liability company ("Mach II"), under Item 9.01 of this Form 8-K in connection with the offering described in Item 8.01 of this Form 8-K. The foregoing description is qualified in its entirety by reference to the full text of the Contribution Agreement, which is attached as Exhibit 10.1 to the Current Report on Form 8-K dated as of October 24, 2023 and is incorporated herein by reference.
01. Other Events
Item 8.01. Other Events. On September 4, 2024, the Partnership issued a press release announcing that the Partnership intends to offer for sale 9,031,413 common units representing limited partner interests in the Partnership, assuming the underwriters exercise their option to purchase up to an additional 1,178,010 common units, pursuant to a Registration Statement on Form S-1 filed by the Partnership with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, on September 4, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired. The audited consolidated financial in our Registration Statement on Form S-1/A filed with the SEC on October 16, 2023 are attached hereto as Exhibits 99.2 and 99.3, respectively, and are incorporated herein by reference. The unaudited consolidated
financial statements of Mach I and Mach II as of and for the nine months ended September 30, 2023 contained
financial statements of Mach I and Mach II as of and for the nine months ended September 30, 2023 contained in our Registration Statement on Form S-1 filed with the SEC on September 4, 2024 are attached hereto as Exhibits 99.4 and 99.5, respectively, and are incorporated herein by reference. (b) Pro Forma Financial Information. The unaudited pro forma financial data of the Partnership as of and for the year ended December 31, 2023 contained in our Registration Statement on Form S-1 filed with the SEC on September 4, 2024 is attached hereto as Exhibit 99.6 and is incorporated herein by reference. Exhibit No. Description 99.1 Press release, dated September 4, 2024. 99.2 Audited Condensed Financial Statements of BCE-Mach LLC as of December 31, 2022 and 2021 and for the years ended December 31, 2022 and 2021 (incorporated by reference to our Registration Statement on Form S-1/A filed with the SEC on October 16, 2023) . 99.3 Audited Condensed Financial Statements of BCE-Mach II LLC as of December 31, 2022 and 2021 and for the years ended December 31, 2022 and 2021 (incorporated by reference to our Registration Statement on Form S-1/A filed with the SEC on October 16, 2023) . 99.4 Unaudited Condensed Financial Statements of BCE-Mach LLC as of September 30, 2023 and for the nine months ended September 30, 2023 (incorporated by reference to our Registration Statement on Form S-1 filed with the SEC on September 4, 2024) . 99.5 Unaudited Condensed Financial Statements of BCE-Mach II LLC as of September 30, 2023 and for the nine months ended September 30, 2023 (incorporated by reference to our Registration Statement on Form S-1 filed with the SEC on September 4, 2024) . 99.6 Unaudited Pro Forma Condensed Combined Financial Information of Mach Natural Resources LP for the year ended December 31, 2023 (incorporated by reference to our Registration Statement on Form S-1 filed with the SEC on September 4, 2024) . 104 Cover Page Interactive Data Fil
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Mach Natural Resources LP By: Mach Natural Resources GP LLC, its general partner Dated: September 4, 2024 By: /s/ Tom L. Ward Name: Tom L. Ward Title: Chief Executive Officer 2