Mach Natural Resources LP Reaffirms Earnings Guidance for the Year 2024
May 14, 2024 at 06:43 am
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Mach Natural Resources LP reaffirmed earnings guidance for the year 2024. The company previously announced its operational and financial outlook for 2024 on February 15, 2024. The company reaffirms its previously provided guidance.
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.