MNR

Mach Natural Resources LP Declares Fourth Quarter 2023 Cash Distribution and Provides 2024 Guidance

Retrieved on: 
Thursday, February 15, 2024

Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) announced today that the board of directors of its general partner declared a quarterly cash distribution for the fourth quarter of 2023 of $0.95 per common unit.

Key Points: 
  • Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) announced today that the board of directors of its general partner declared a quarterly cash distribution for the fourth quarter of 2023 of $0.95 per common unit.
  • The quarterly cash distribution is payable on March 14, 2024, to common unitholders of record as of the close of trading on February 29, 2024.
  • The tables below are the Company’s operational and capital expenditures guidance for 2024.

Mach Natural Resources Completes the Acquisition of Paloma Anadarko Basin Assets

Retrieved on: 
Friday, December 29, 2023

Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced that it has closed the acquisition (the “Acquisition”) of certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma from Paloma Partners IV, LLC, a privately-held Delaware limited liability company backed by EnCap Investments L.P., and its affiliated companies (the “Sellers”).

Key Points: 
  • Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced that it has closed the acquisition (the “Acquisition”) of certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma from Paloma Partners IV, LLC, a privately-held Delaware limited liability company backed by EnCap Investments L.P., and its affiliated companies (the “Sellers”).
  • Mach also entered into a $75 million super priority revolving credit facility (the “Revolving Credit Facility”) led by MidFirst Bank.
  • In connection with closing of the Acquisition, Mach used proceeds from the Term Loan Facility and cash on hand to repay the existing amounts outstanding under the previously outstanding revolving credit agreement and such agreement was terminated.
  • As of closing of the Acquisition, the Revolving Credit Facility was undrawn.

Mach Natural Resources LP Announces Earnings Release and Conference Call Schedule for Third Quarter 2023

Retrieved on: 
Wednesday, November 29, 2023

OKLAHOMA CITY, Nov. 29, 2023 /PRNewswire/ -- Mach Natural Resources LP (NYSE: MNR) (the "Company") will release its third quarter 2023 results after the close of trading on the New York Stock Exchange on Wednesday, December 6, 2023.

Key Points: 
  • OKLAHOMA CITY, Nov. 29, 2023 /PRNewswire/ -- Mach Natural Resources LP (NYSE: MNR) (the "Company") will release its third quarter 2023 results after the close of trading on the New York Stock Exchange on Wednesday, December 6, 2023.
  • The Company will host a conference call at 8:00 a.m. (Central Time) on Thursday, December 7, 2023, to discuss its third quarter 2023 results.
  • Participants can access the conference call by dialing 877-407-2984.
  • A webcast link to the conference call will be provided on the Company's website at ir.machnr.com .

Mach Natural Resources Adds Accretive Acquisition in Anadarko Basin

Retrieved on: 
Monday, November 13, 2023

The Acquisition is expected to close December 29, 2023, with an effective date of September 1, 2023.

Key Points: 
  • The Acquisition is expected to close December 29, 2023, with an effective date of September 1, 2023.
  • The $825mm Senior Secured Term Loan will close in conjunction with the closing of the Acquisition.
  • Kirkland & Ellis is serving as legal advisor for Mach.
  • Vinson & Elkins is serving as legal advisor and RBC Richardson Barr is serving as financial advisor for Sellers.

Broadcaster Farah Nasser joins forces with Plan International Canada as Celebrated Ambassador and girls' rights champion

Retrieved on: 
Tuesday, October 10, 2023

TORONTO, Oct. 10, 2023 /CNW/ - Plan International Canada , a global organization dedicated to advancing children's rights and equality for girls, is excited to announce Farah Nasser , renowned Canadian journalist and Global National anchor, as its newest Celebrated Ambassador.

Key Points: 
  • TORONTO, Oct. 10, 2023 /CNW/ - Plan International Canada , a global organization dedicated to advancing children's rights and equality for girls, is excited to announce Farah Nasser , renowned Canadian journalist and Global National anchor, as its newest Celebrated Ambassador.
  • Nasser's announcement as a Celebrated Ambassador and girls' rights champion coincides with the International Day of the Girl .
  • "We are thrilled to welcome Farah as our newest Celebrated Ambassador," said Lindsay Glassco, President and CEO of Plan International Canada.
  • Nasser joins Maryam and Nivaal Rehman , youth activists and changemakers who recently became Plan Canada Celebrated Ambassadors.

Plymouth Industrial REIT Provides Activity Update for Second Quarter 2023

Retrieved on: 
Thursday, July 6, 2023

BOSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced its leasing activity for the second quarter of 2023.

Key Points: 
  • BOSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced its leasing activity for the second quarter of 2023.
  • The Company also announced senior management team promotions and details for its second quarter earnings conference call and webcast to be held on August 3, 2023.
  • Executed leases scheduled to commence during 2023, which includes the second quarter activity, total an aggregate of 4,719,317 square feet, all of which are associated with terms of at six months.
  • In Atlanta, a 180,000-square-foot industrial building is estimated to be completed in the third quarter of 2023.

Update on Shaikan Field exports

Retrieved on: 
Tuesday, March 28, 2023

Subsequent to the Court’s reported decision, the Kurdistan Pipeline Company notified GKP on 25 March that the Iraq-Turkey pipeline has been shut-in at Turkey’s request until the situation is resolved.

Key Points: 
  • Subsequent to the Court’s reported decision, the Kurdistan Pipeline Company notified GKP on 25 March that the Iraq-Turkey pipeline has been shut-in at Turkey’s request until the situation is resolved.
  • The KRG exports crude from the Shaikan Field and other fields in the region via this route.
  • GKP’s facilities have storage capacity that allow continued production at a curtailed rate over the coming days after which the Company will suspend production.
  • The budget was agreed on the same day that Iraq completed a budget transfer of 400 billion dinar (c.US$275 million) to the KRG.

Genel Energy PLC: Update on Kurdistan pipeline exports

Retrieved on: 
Tuesday, March 28, 2023

Genel Energy plc ('Genel' or 'the Company') has been informed by the Kurdistan Pipeline Company that the Iraq-Turkiye pipeline has been shut-in.

Key Points: 
  • Genel Energy plc ('Genel' or 'the Company') has been informed by the Kurdistan Pipeline Company that the Iraq-Turkiye pipeline has been shut-in.
  • The Company understands this shut-in has been requested by the Republic of Turkiye.
  • Public statements made by both the Federal Iraq Ministry of Oil (‘MoO’) and the Kurdistan Regional Government (‘KRG’) lead Genel to believe the shut-in will be temporary, and Genel continues to produce oil into storage facilities.
  • This follows the International Chamber of Commerce in Paris ruling in favour of Iraq in the long running arbitration case against Turkiye concerning the Iraqi-Turkish pipeline agreement signed in 1973.

Maxar to Provide Environmental Monitoring for Government of Guyana

Retrieved on: 
Tuesday, February 21, 2023

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that the Guyana Ministry of Natural Resources (MNR) has entered into a three-year contractual agreement with Maxar to provide the nation with environmental monitoring services for both offshore and terrestrial applications.

Key Points: 
  • Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that the Guyana Ministry of Natural Resources (MNR) has entered into a three-year contractual agreement with Maxar to provide the nation with environmental monitoring services for both offshore and terrestrial applications.
  • View the full release here: https://www.businesswire.com/news/home/20230221005183/en/
    This Maxar WorldView-3 image, collected January 15, 2022, shows offshore petroleum activity in the Guyanese Exclusive Economic Zone (EEZ).
  • (Credit: Maxar Technologies)
    Guyana’s Environmental Protection Agency (EPA) will utilize Maxar’s Crow’s Nest Maritime Monitoring and Security products to support offshore petroleum monitoring.
  • “We applaud Guyana’s Ministry of Natural Resources for applying our industry-leading technology to help meet its environmental goals.”

Operational & Corporate Update

Retrieved on: 
Thursday, February 2, 2023

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“KRI” or “Kurdistan”), today provides an operational and corporate update.

Key Points: 
  • Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“KRI” or “Kurdistan”), today provides an operational and corporate update.
  • The information contained in this announcement has not been audited and may be subject to further review.
  • Deloitte LLP will undertake the audit of the Company for the financial year ending 31 December 2022.
  • An updated corporate presentation will be made available today on the Company’s website on the Presentations page.