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New Deal


Announced

Completed

Mach Natural Resources completed the acquisition of Oklahoma oil and gas assets from EnCap Investments for $815m.

Financials

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Transaction Value£666m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Integrated Oil and Gas

Private Equity

United States

Acquisition

Domestic

Majority

Infrastructure

Private

Friendly

Single Bidder

oil and gas

Completed

Synopsis

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Mach Natural Resources, a drilling oil and gas wells company, completed the acquisition of Oklahoma oil and gas assets from EnCap Investments, a provider of growth capital to independent energy companies, for $815m. Mach Natural Resources expects to add 1 rig on the newly acquired assets in addition to its current 2 rig development program while remaining under a 50% reinvestment rate, the company said. Paloma is currently running 1 rig in Grady County with 6 additional wells expected to be completed.

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