Mach Natural Resources LP Declares Cash Distribution for the Fourth Quarter of 2023, Payable on March 14, 2024
February 15, 2024 at 04:15 pm
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Mach Natural Resources LP announced that the board of directors of its general partner declared a quarterly cash distribution for the fourth quarter of 2023 of $0.95 per common unit. The quarterly cash distribution is payable on March 14, 2024, to common unitholders of record as of the close of trading on February 29, 2024.
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 Company's 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.