Disclaimer and Forward-Looking Statements This presentation is being provided by Mach Natural Resources LP (the Company) for informational purposes only. No persons have been authorized to make any representations regarding the…
Executive Summary /3
Introduction to Mach Natural Resources Coupling lower decline conventional assets Assets Should with high returning unconventional drilling Provide for Stable inventory 936,000 Net Acres Cash Flow…
Strong Track Record of Acquisitions Across Commodity Cycles Since its inception, Mach has closed 16 transactions totaling 960mm and distributed 653mm back to its members through end of September 2023 129mm 80,000 120.00 87mm 74mm…
Private Equity & Unnatural Investor Ownership Drives Substantial Consolidation Opportunity in the Anadarko Basin OK TX Company 1 Company 2 Company 3 Company 4 Company 5 Company 6 Company 7 Company 8 Company 9 Company…
Key Investment Highlights /7
Key Investment Highlights 1 2 3 Steady Legacy Low Operating Oswego Producing Assets Costs Help Insulate Development coupled with Ability Margins Across the Delivering High Oil to Offset PDP Commodity Cycle Performance with…
Steady Legacy Producing Assets Coupled with Ability to Offset PDP Decline with Unconventional Drilling Inventory NTM(3) PDP Decline Rate vs. Select Public Companies Commentary Targeting Attractive asset profile Mach is a low cost…
Low Operating Costs Helps Insulate Margins Across the Commodity Cycle LTM June 2023 Cash Operating Costs (/boe)(1,2) 47.21 Low opex helps insulate margins 35.06 from commodity price volatility Machs cash operating costs are 55%…
Oswego Development Delivering High Oil Performance with Low Well Costs Average Oil Production Results Commentary 15 The Oswego is the most oil- rich formation in Machs inventory thus is the focus of the go forward drilling program…
Owned Midstream Assets Drive Low Breakeven Costs for New Drilling Commentary Oswego Half-Cycle Single-Well PV10% Breakeven WTI Price (/bbl)(2) Mach has multiple proven targets across its Focus 1 Drilling Area(1) Given high oil…
2,000+ Drilling Inventory Support Sustainable Production Low-Cost Inventory Inventory by Breakeven WTI Price(1,2) (/bbl) 770 gross horizontal drilling locations are economic at 2,500 50/bbl 2,008 Near-term drilling program focused on…
Targeting Attractive Reinvestment Rates to Optimize Return of Capital Low base declines (+) low opex (+) low breakeven inventory (=) low reinvestment rates Reinvestment Rate Next Twelve Months(1,2) 90% 67% 65% 63% 55% 53%…
A Business Built on Low Development & Operating Costs to Support Meaningful Cash Distributions Lower decline, lower operating costs and higher percentage of liquids production work together to create an attractive dividend vehicle 1 2 3…
Asset Overview / 16
Upstream Asset Profile Significant position in well understood Anadarko Basin Key Figures 59 2,000+ NTM Production Gross Horizontal (mboepd)(1) Drilling Locations 936,000 99% Held by Net Acres Production OK 239 2.1bn…
STACK Owned Midstream Assets Strategic location provides significant cost benefits 260 mmcfpd of cryogenic processing capacity at state-of- OK Gas the-art processing complex with Processing exceptional recovery rates Interconnects to…
Other Owned Midstream Assets Infrastructure improves field economics McLean 23 mmcfpd of processing capacity 50% McLEAN PROCESSING PLANT Processing owned Plant 6 mmcfpd of current volume(1) McLean Gas 510 miles of gas gathering…
Other Owned Midstream Assets Continued Cost savings from control of field services 300,000 BWPD allowable OK Mach injection Operated 33% utilized(1) SWD System 580 miles of pipeline 35 operated disposal wells 89,000 HP…
Financial Overview / 21
Financial Overview Mach Resources financial overview and strategy Machs development plan is scaled to mitigate PDP production declines while minimizing capital spend Disciplined Investment Company uses conservative approach to…
Appendix / 23
Appendix Master limited partnership structure Mach Mach Bayou Natural Management Resources City Public Resources and Others LLC Energy GP LP 0.4% Limited Non-Economic General 10.5% Limited Partner Partner Interest 17.3% Limited…
Board of Directors William McMullen Tom L. Ward Edgar R. Giesinger Chairman of the Board Chief Executive Officer Director Mr. McMullen has served as Founder and Managing Significant track record in upstream oil and gas Mr.…
Appendix Management team and bios Management team has many years of experience focused primarily in the Anadarko Basin Tom L. Ward Kevin R. White Focus on operational Chief Executive Officer Chief Financial Officer efficiency and…
Appendix Management team and bios Greg Dewey Naseer Riaz Clay Hubbard John Bergman EVP, Administration and ESG Chief Information Officer VP, Land VP, Engineering Joined the Mach management team Joined Mach management team in Joined…
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