MACH Resources

What MACH Resources does

Mach Natural Resources LP is an independent upstream oil and gas producer structured as a publicly traded master limited partnership on the New York Stock Exchange under ticker MNR since October 2023. The company acquires, develops, and produces oil, natural gas, and natural gas liquids (NGL) reserves across the Permian Basin, San Juan Basin, and Anadarko Basin regions in Western Oklahoma, Southern Kansas, the Texas panhandle, and parts of New Mexico and Colorado. Core operations are run through three operating entities (BCE-Mach LLC, BCE-Mach II LLC, BCE-Mach III LLC) and supplemented by a royalty and interest owner services platform that handles revenue distribution, joint interest billing, and ownership documentation for mineral interest owners.

The company's business model is built on disciplined acquisition of cash-flowing assets purchased at a discount to PDP PV-10, combined with a low reinvestment rate (below 50% of operating cash flow) to maximize variable cash distributions to unitholders. Unlike most upstream operators, Mach positions itself as a high-yield distribution-focused MLP targeting an annualized dividend yield of approximately 15%, with a stated long-term debt-to-EBITDA target of 1x or less to preserve optionality during commodity volatility. Recent Q3 2025 net production averaged 94,000 BOE/day and Q4 2025 revenue reached $387.54 million (a 64.95% year-over-year increase), reflecting the impact of the September 2025 IKAV and Sabinal acquisitions that nearly doubled production and reserves to 705 million BOE.

Name

MACH Resources

Legal name

Mach Natural Resources LP

Website

https://machnr.com

Company type

Public

Founded year

2023

Operating status

Operating

Headcount range

251–500 employees

Short description

Mach Natural Resources is an independent upstream oil and gas MLP that acquires, develops, and produces oil, natural gas, and NGL reserves across the Permian, San Juan, and Anadarko Basins, distributing high-yield cash returns to public unitholders on the NYSE.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Production

NAICS

Oil and Gas Extraction (211)

akta.pro primary industry

Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH)

Keywords

• Upstream oil production
• Natural gas extraction
• NGL production operations
• Oil gas acquisitions
• Energy exploration services

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Oil, Natural Gas, and NGL Sales: Revenue generated from the production and sale of oil, natural gas, and natural gas liquids (NGL) extracted from owned and operated properties in the Permian Basin, San Juan Basin, and Anadarko Basin regions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Mach Resources is an independent upstream oil and gas company engaged in the acquisition, development, and production of oil, natural gas, and NGL reserves across the Permian Basin, San Juan Basin, and Anadarko Basin regions of Western Oklahoma, Southern Kansas, and the Texas panhandle. The company produces and sells hydrocarbons from owned and operated properties and provides comprehensive royalty and interest owner services including payments, ACH direct deposit, division orders, joint interest billing, change of ownership processing, and production volume reporting.

Product overview

MACH Resources is an independent upstream oil and gas partnership structured as a high-yield distribution-focused entity. The company operates through three primary operating entities (MACH I, MACH II, and MACH III), managing oil, natural gas, and NGL assets across the Permian Basin, San Juan Basin, and Anadarko Basin in Western Oklahoma, Southern Kansas, and the Texas panhandle. The core offering is oil and gas production, supplemented by comprehensive royalty and interest owner services that handle revenue distributions, ownership documentation, and payment processing for mineral interest owners.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Production Upstream acquisition, development, and production of oil, natural gas, and NGL (natural gas liquids) from owned and operated properties in the Permian Basin, San Juan Basin, and Anadarko Basin regions of Western Oklahoma, Southern Kansas, and the Texas panhandle, sold to energy market participants.
• Royalty and Interest Owner Services Comprehensive owner relations services for royalty and working interest owners, including royalty payments, ACH direct deposit, division orders, joint interest billing (JIB), change of ownership processing, revenue check detail, production volume reporting, and dedicated contact channels for owner relations, division orders, and JIB across BCE-Mach I, II, and III operating entities.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Sabinal Energy Operating, LLCcoreStrategic or Co-development Partner · 7 April 2026Sabinal Energy Operating, LLC was a selling unitholder in the 9 million unit secondary offering in April 2026. The company completed acquisition of Permian Basin assets from Sabinal in September 2025 as part of IKAV and Sabinal acquisitions.
• IKAV (General Partner S.A R.L.)coreStrategic or Co-development Partner · 1 September 2025IKAV completed acquisitions of oil and gas assets in the Permian Basin and other properties alongside Sabinal in September 2025, nearly doubling production and reserves. The transaction increased the company's leverage ratio to approximately 1.3x and the company has since shifted drilling focus toward oil-focused Oswego projects.
• Paloma Partners IV, LLCcoreStrategic or Co-development Partner · 29 December 2023Completed acquisition of oil and gas properties in Oklahoma from Paloma Partners IV, LLC in December 2023. Transaction financed through $825 million term loan and $75 million revolving credit facility.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Continental Resources: Independent upstream oil and gas producer focused on unconventional resource development across multiple US basins. Highly comparable to MACH in E&P model, public structure, and emphasis on capital returns to shareholders.
• Diamondback Energy: Permian Basin-focused independent E&P with similar acquisition-driven growth strategy. Operates in the same core geography as MACH's Permian assets with comparable unconventional oil development model.
• Coterra Energy: Independent E&P with diversified multi-basin operations including the Permian and Anadarko. Closely comparable to MACH's multi-basin strategy and capital-return focus.
• Ovintiv: Independent E&P operating across Permian, Anadarko, and other major US basins. Comparable upstream unconventional model with similar capital discipline and shareholder return emphasis.
• Expand Energy (formerly Chesapeake Energy): Independent natural gas-focused E&P with significant Anadarko Basin operations. Highly comparable to MACH's Anadarko and San Juan Basin natural gas exposure and unconventional development approach.
• Marathon Oil: Independent E&P with unconventional oil focus across multiple US basins. Comparable independent upstream model with similar emphasis on capital returns and operational efficiency.

Broad incumbents

• Devon Energy: Major independent E&P with operations across the Permian, Anadarko, and other US basins. Operates at greater scale than MACH in overlapping geographies with similar unconventional development focus.
• EOG Resources: Large independent E&P with operations across major US shale plays including the Permian Basin. Comparable to MACH in upstream production model and unconventional focus, but at significantly larger scale and broader portfolio.

Emerging players

• Range Resources: Independent E&P focused on natural gas and NGL production from unconventional plays. Comparable in upstream production model and NGL focus, though operates primarily in Appalachia rather than MACH's core basins.
• Hilcorp Energy:

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mach-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds5 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MACH Resources