Kirkland & Ellis advises Mach Natural Resources on $500 million acquisition of Sabinal Energy, LLC

Mach Natural Resources agreed to buy certain oil and gas assets from Sabinal Energy, including approximately 130,000 net acres, expanding its upstream asset base.
The deal is a US$500 million asset acquisition, with US$300 million of consideration to be paid in Mach common units and the remainder funded with cash on hand and borrowings under Mach's revolving credit facility.
Mach signed a definitive agreement to acquire the assets, with the purchase price subject to customary terms, conditions and closing adjustments.

Sabinal Energy, LLC is the seller in this transaction, agreeing to divest certain oil and gas assets in the Permian Basin to Mach Natural Resources LP.
The deal is structured as a cash-and-stock transaction valued at approximately US$500 million for the Permian Basin assets being sold by Sabinal.
Closing is expected in the third quarter of 2025, and the transaction carries an effective date of April 1, 2025.

Mach Natural Resources agreed to buy certain oil and gas assets from Sabinal Energy, including approximately 130,000 net acres, expanding its upstream asset base.
The deal is a US$500 million asset acquisition, with US$300 million of consideration to be paid in Mach common units and the remainder funded with cash on hand and borrowings under Mach's revolving credit facility.
Mach signed a definitive agreement to acquire the assets, with the purchase price subject to customary terms, conditions and closing adjustments.

Sabinal Energy, LLC is the seller in this transaction, agreeing to divest certain oil and gas assets in the Permian Basin to Mach Natural Resources LP.
The deal is structured as a cash-and-stock transaction valued at approximately US$500 million for the Permian Basin assets being sold by Sabinal.
Closing is expected in the third quarter of 2025, and the transaction carries an effective date of April 1, 2025.

Deal Overview