IPO - MACH NATURAL RESOURCES LP

Form Type: 424B5

Filing Date: 2025-02-07

Corporate Action: Ipo

Type: New

Accession Number: 000121390025011021

Filing Summary: Mach Natural Resources LP is conducting an offering of 12,903,226 common units representing limited partner interests, listed on the NYSE under the symbol 'MNR,' at a public offering price of $15.50 per unit. The offering is supported by Bayou City Energy Management LLC, which will buy 5,161,290 units at a reduced underwriting discount. The underwriters may obtain an additional 1,935,483 common units over a 30-day period if the original offering exceeds 12,903,226 units. This prospectus supplement serves to inform potential investors of the offering's terms and associated risks, which include the inherent differences between limited partnerships and corporations. It also outlines Mach's focus on the acquisition and production of oil, natural gas, and NGL reserves primarily in the Anadarko Basin. The company aims to balance operational costs and maximize distributions to its unitholders. Significant points include a recent merger with existing owning entities, BCE-Mach LLC and others, indicating a corporate reorganization during the IPO. This structured collaboration is emphasized through strong financial goals and an operational focus in targeted geological areas. Based on the IPO, effects on the financial and operational metrics are detailed, setting out the company's commitment to sustainable production and cash distribution under varying market conditions.

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Form Type: 8-K

Filing Date: 2025-02-07

Corporate Action: Ipo

Type: New

Accession Number: 000121390025011311

Filing Summary: On February 7, 2025, Mach Natural Resources LP completed its public offering of 12,903,226 common units at a price of $15.50 per common unit. The offering was conducted under a Registration Statement on Form S-3, filed with the SEC on November 27, 2024, and became effective on December 9, 2024. The public offering generated net proceeds of approximately $192.5 million, which the Company intends to use to repay borrowings under its super priority credit facility and a portion of its term loan credit facility. Bayou City Energy Management LLC, an affiliate of the Company’s general partner, purchased 5,161,290 common units in the offering. Underwriters including Stifel, Nicolaus & Company and Raymond James & Associates were involved in the offering and have the option to purchase additional common units. The agreement includes standard provisions for indemnification and liabilities. The offering closed successfully, reflecting the Company's plans for financial structure improvement and credit management.

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Form Type: 424B5

Filing Date: 2025-02-05

Corporate Action: Ipo

Type: New

Accession Number: 000121390025010561

Filing Summary: Mach Natural Resources LP is conducting an offering of 12,000,000 common units representing limited partner interests. The units are listed on the New York Stock Exchange under the symbol 'MNR', with a last reported sale price of $17.45 per unit as of February 4, 2025. Bayou City Energy Management LLC has expressed interest in purchasing up to $80 million of the common units. Mach Natural Resources LP recently underwent a corporate reorganization in conjunction with an IPO that closed in October 2023. The company’s business focuses on the acquisition, development, and production of oil, natural gas, and NGL reserves primarily located in the Anadarko Basin. The firm has a total acreage position of 1,043,779 net acres, with an inventory of over 2,000 identified horizontal drilling locations. This offering is subject to a 30-day option for underwriters to purchase an additional 1,800,000 common units. The underwriters include Stifel, Raymond James, Texas Capital Securities, and Truist Securities.

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