Mach Natural Resources today announced its expansion into the Permian and San Juan basins with two acquisitions valued at a total of $1.3 billion. The assets purchased from Sabinal Energy and IKAV Energy will nearly doubles Mach’s production from 81 Mboed to approximately 152 Mboed, the company said in a news release.
“These acquisitions are transformative for Mach,” said CEO Tom L. Ward. “They not only strengthen our asset base but also advance the core pillars on which we’ve built Mach since our founding. With this step, we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet.”
“We are excited to transition IKAV’s San Juan assets into Mach Natural Resources and to become a significant shareholder of the company,” added Constantin von Wasserschleben, Chairman of IKAV. “Mach’s strong industrial logic aligns with our long-term vision for this exceptional asset and beyond.”
Permian basin entry
Mach has agreed to acquire Sabinal Energy’s assets in the Permian basin for an unadjusted purchase price of $500 million, subject to terms and conditions. The acquired Sabinal assets include approximately 130,000 net acres. First quarter 2025 average production was approximately 11 Mboed, of which 98% was liquids, 2% was natural gas.
San Juan basin entry
Mach has agreed to purchase IKAV San Juan for an unadjusted purchase price of $787 million. IKAV San Juan’s assets include approximately 570,000 net acres. First quarter 2025 average production was approximately 60 Mboed, of which 6% liquids, 94% was natural gas.
“With these two transactions, we grew Mach’s production by 88% and we will continue to look for consolidation opportunities given our conservative balance sheet,” commented Mach Chairman, Founder and Managing Partner of Bayou City Energy, William W. McMullen. “These acquisitions strengthen what is already the most attractive yield in the oil and gas space, and among the strongest yields available across the entire economy."
