Mach Natural Resources LP

Mach Natural Resources LP (MNR) priced its initial public offering on Oct 26, 2023 at $19.00 per share, within its $19.00–$21.00 range, raising $190M, and listed on NYSE. At the IPO price its market capitalization was about $1.8B. Stifel was lead-left underwriter, joined by Raymond James, Janney Montgomery Scott and Stephens and others. Baker Botts advised the underwriters.

Mach Natural Resources LP is an independent upstream oil and gas company that acquires, develops and produces oil, natural gas and NGL reserves in the Anadarko Basin of Western Oklahoma, Southern Kansas and the Texas panhandle, with about 4,500 gross operated producing wells.

Status

IPO

Ticker

MNR

Exchange

NYSE

Priced

Oct 26, 2023

IPO price

$19.00

Price range

$19.00–$21.00

Raised

$190M

Market cap at IPO price

$1.8B

First filed

Sep 22, 2023

Underwriters

Stifel, Raymond James, Janney Montgomery Scott, Stephens and Johnson Rice & Company

Underwriters' counsel

Baker Botts

Sector

Energy, mining & utilities

Country / state

OK

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.