05:16 PM EST, 02/05/2025 (MT Newswires) -- Mach Natural Resources ( MNR ) launched a public offering of 12 million common units and will grant an overallotment option to the underwriters to acquire up to 1.8 million additional units.

Net proceeds are expected to be for full repayments of $23 million of borrowings outstanding under a super priority credit facility, among other things, the company said Wednesday in a statement.

Mach Natural shares fell 6.9% in after-hours activity.