Mach Natural Resources LP Declares Cash Distribution for the First Quarter of 2024, Payable on June 10, 2024
May 14, 2024 at 06:43 am EDT
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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 first quarter of 2024 of $0.75 per common unit. The quarterly cash distribution is to be paid on June 10, 2024, to common unitholders of record as of the close of trading on May 28, 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.