Mach Natural Resources LP (NYSE: MNR), an upstream oil and gas company, has acquired certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma from Paloma Partners IV LLC, a Delaware limited liability company backed by EnCap Investments LP.

Mach entered into an $825 million term loan credit agreement to fund the purchase price, from a group led by Chambers Energy Management and EOC Partners, and including Mercuria Investments U.S. Inc., funds managed by Farallon Capital Management LLC, Macquarie Group, and Texas Capital Bank, among other financial institutions as participants, with Texas Capital Bank acting as the administrative agent. Mach also entered into a $75 million super priority revolving credit facility led by MidFirst Bank.

Kirkland & Ellis served as legal advisor for Mach. Vinson & Elkins served as legal advisor and RBC Richardson Barr served as financial advisor for the sellers. Latham & Watkins served as legal advisor for the term loan arranger.