MACH NATURAL RESOURCES LP
Filed Sep 4, 2024.
View on SEC.govAbout this filing
A company's registration of shares for sale to the public, often for a first offering. It describes the business, its risks and how the company plans to use the money.
period unavailable · Filed Sep 4, 2024
Contents
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
The information in this prospectus contains or incorporates by reference information that includes or is based upon “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical fact included in this prospectus regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this prospectus, words such as “may,” “assume,” “forecast,” “could,” “should,” “will,” “plan,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “budget” and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current belief, based on currently available information, as to the outcome and timing of future events at the time such statement was made. When considering forward-looking statements, you should keep in mind the risk factors included in Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2023 and elsewhere in this prospectus. All forward-looking statements speak only as of the date of this prospectus.
Forward-looking statements may include statements about:
our business strategy;
our estimated proved reserves;
our ability to distribute cash available for distribution and achieve or maintain certain financial and operational metrics;
our drilling prospects, inventories, projects and programs;
general economic conditions;
actions taken by the Organization of the Petroleum Exporting Countries and its allies as it pertains to the global supply and demand of, and prices for, oil, natural gas and NGLs;
our ability to replace the reserves we produce through drilling and property acquisitions;
our financial strategy, leverage, liquidity and capital required for our development program;
our pending legal or environmental matters;
our realized oil and natural gas prices;
the timing and amount of our future production of natural gas;
our hedging strategy and results;
our competition and government regulations;
our ability to obtain permits and governmental approvals;
our marketing of natural gas;
our leasehold or business acquisitions;
our costs of developing our properties;
credit markets;
our decline rates of our oil and natural gas properties;
uncertainty regarding our future operating results;
our intention to use the proceeds from the offering in the manner as set forth herein; and
our plans, objectives, expectations and intentions contained in this prospectus that are not historical.
We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the exploration for and development and production of oil, natural gas and NGLs. We disclose important factors that could cause our actual results to differ materially from our expectations as described under “Risk Factors” included in Part I, Item 1A in our Annual Report for the year ended December 31, 2023. Factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statement include:
commodity price volatility;
the impact of epidemics, outbreaks or other public health events, and the related effects on financial markets, worldwide economic activity and our operations;
uncertainties about our estimated oil, natural gas and NGL reserves, including the impact of commodity price declines on the economic producibility of such reserves, and in projecting future rates of production;
the concentration of our operations in the Anadarko Basin;
difficult and adverse conditions in the domestic and global capital and credit markets;
lack of transportation and storage capacity as a result of oversupply, government regulations or other factors;
lack of availability of drilling and production equipment and services;
potential financial losses or earnings reductions resulting from our commodity price risk management program or any inability to manage our commodity risks;
failure to realize expected value creation from property acquisitions and trades;
access to capital and the timing of development expenditures;
environmental, weather, drilling and other operating risks;
regulatory changes, including potential shut-ins or production curtailments mandated by the Railroad Commission of Texas, the Oklahoma Corporation Commission, and/or the Kansas Corporation Commission;
competition in the oil and natural gas industry;
loss of production and leasehold rights due to mechanical failure or depletion of wells and our inability to re-establish their production;
our ability to service our indebtedness;
any downgrades in our credit ratings that could negatively impact our cost of and ability to access capital;
cost inflation;
political and economic conditions and events in foreign oil and natural gas producing countries, including embargoes, continued hostilities in the Middle East and other sustained military campaigns, the war in Ukraine and associated economic sanctions on Russia, conditions in South America, Central America, China and Russia, and acts of terrorism or sabotage;
evolving cybersecurity risks such as those involving unauthorized access, denial-of-service attacks, malicious software, data privacy breaches by employees, insiders or other with authorized access, cyber or phishing-attacks, ransomware, social engineering, physical breaches or other actions; and
risks related to our ability to expand our business, including through the recruitment and retention of qualified personnel.
Reserve engineering is a process of estimating underground accumulations of oil and natural gas that cannot be measured in an exact way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reservoir engineers. In addition, the results of drilling, testing and production activities may justify revisions of estimates that were made previously. If significant, such revisions would change the schedule of any further production and development drilling. Accordingly, our reserve and PV-10 estimates may differ significantly from the quantities of oil, natural gas and NGLs that are ultimately recovered.
Should one or more of the risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.