Mach Natural Resources LP signed an agreement with Paloma Partners IV, LLC to acquire certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma for a total cash consideration of $815 million, subject to customary terms, conditions, and closing price adjustments (the "Acquisition"). The Acquisition is expected to close December 29, 2023, with an effective date of September 1, 2023. Asset Highlights: Recent production of approximately 32,000 Boepd (23% oil, 57% liquids); PDP reserves of approximately 31.5 million barrels of oil equivalent ("MMBoe"); 1 rig currently running in Grady County with 6 additional wells expected to be completed between effective date and closing date; Approximately 62,000 net acres in the Anadarko Basin in Canadian, Grady, McClain, Caddo, Custer, Dewey, Blaine and Kingfisher Counties, Oklahoma, approximately 76% located in the core development area in Canadian and Grady Counties and High-return drilling locations with over 12 years of operated inventory on a 1 rig program.

Acquisition Highlights: The Acquisition advances the strategic and stated objectives of the Company since founding: Focus on Distributions ? Acquisition is accretive to both total cash available for distribution and expected cash distribution per unit; Disciplined Acquisition Strategy ? Acquiring PDP reserves and expansive SCOOP/STACK inventory at a discount to PDP PV103; Maintain low leverage ?

Post transaction closing, Debt/EBITDA remains below 1.0x and Reinvestment rate below 50% ? Adding 1 rig on newly acquired assets in addition to current 2 rig development program while remaining under 50% reinvestment rate. Mach plans to fund the purchase price with new debt financing.

Mach has received fully committed financing from a group led by Chambers Energy Management and EOC Partners, and including Mercuria Investments US Inc., funds managed by Farallon Capital Management LLC, Macquarie Group, among other financial institutions as participants. The $825 million 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. Latham & Watkins is serving as legal advisor for the term loan participants.