Top Story | Deals - Acquisition, Mergers, Divestitures
Mach Divest Western Anadarko Asset For $38 Million
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Mach said it sold some western anadarko acreage with no associated production for $38 million on it 2nd quarter earnings report.
The company also revised its drilling & capital plan for the remainder of 2024
2024 Operating Plan and Guidance
Today the Company provided updated guidance for 2024 that incorporates the impact of a rig-count reduction, as well as operational efficiencies achieved year-to-date.
During the second quarter, Mach lowered its operated rig count in the Oswego from two rigs to one rig. As a result, the midpoint of full-year capital expenditure guidance is reduced by 15%. Oil volumes for the third quarter 2024 and fourth quarter 2024 are expected to range between 18.6 MBbl/d to 19.9 MBbl/d. Full-year 2024 oil volumes are expected to range between 19.4 MBbl/d to 20.6…
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| Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
|---|---|---|---|---|---|
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