Published: September 22, 2023 at 5:58 pm ET
By Ben Glickman
Mach Natural Resources has filed with the Securities and Exchange Commission for an initial public offering.
Mach did not say Friday how many shares it would offer or provide an expected price range.
It…
By Ben Glickman
Mach Natural Resources has filed with the Securities and Exchange Commission for an initial public offering.
Mach did not say Friday how many shares it would offer or provide an expected price range.
It has applied to list on the New York Stock Exchange under the ticker symbol MNR.
The Oklahoma City, Oklahoma-based company said it is focused on acquiring, developing and producing oil and natural gas in western Oklahoma, Kansas and the Texas Panhandle.
In the fiscal year ended June 30, the company’s average production was 65 million barrels of oil equivalent per day.
The company said it would use the proceeds from the offering to repay its credit facilities.
Stifel, Nicolaus & Co. and Raymond James & Associates are listed as underwriters of the offering.
Write to Ben Glickman at [email protected]
Comments are closed.