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  "documentTitle": "Mach Natural Resources | IPO Presentation Deck | 35 slides",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "NTM(3) PDP Decline Rate vs. Select Public Companies Targeting ~20% by YE23 Attractive asset profile Traditional conventional base decline combined with highly economic drillable inventory 8% 10% 15% 21% 24% 27% 31% 32% 33% 36% 36% 37% 38% 39% 41% Company 1(*) Company 2(*) Legacy Producing Assets(1) Company 3(*) Mach Combined(2) Company 4 Company 5 Company 6 Company 7 Company 8 Company 9 Company 10(*) Company 11 Company 12 Company 13",
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      "text": "MACH NATURAL RESOURCES",
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      "text": "Mach is a low cost producer compared to other public companies, combining an attractive low decline Legacy Producing Assets with meaningful unconventional development inventory in the Company's Focus Drilling Area(1)\nThis advantage allows Mach to economically offset a low decline rate in our Legacy Producing Assets through commodity cycles\nMach's Legacy Producing Assets decline is comparable to conventional focused companies including TXO and DEC\nOn a consolidated basis, Mach's decline profile across its Legacy Producing Assets and Focused Drilling Area assets is lower than Tier 1 unconventional operators\nMach's unique mix of reserves across its Legacy Producing Assets and Focused Drilling Area assets contributes to relatively stable distributions across commodity price fluctuations",
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      "text": "Legacy Producing Assets (% of Total Production (3)):",
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      "text": "Reinvestment Rate(4)",
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      "text": "57%",
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      "text": "36%",
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      "kind": "source-note",
      "text": "Sources: PDP declines for select companies derived from Enverus Core and public filings as of 09.05.23. Declines denoted with (*) based on Company's public fillings Note: Selected company group is composed of CHRD, CIVI, CPE, CRGY, DEC, MGY, MTDR, MRO, PR, SM, TXO, VTLE, and OVV 1) Focus Drilling Area assets are all horizontal drilling properties located in Kingfisher & Logan Counties in Oklahoma. Legacy Producing Assets are all properties not located in the \"Focus Drilling Area\" 2) Represents Mach's total corporate PDP decline which captures production from both the Legacy Producing Assets and Focus Drilling Area 3) Average production for twelve month period ending June 30th, 2024 (\"NTM) based on CGA reserve report 4) Represents estimated capex spend for twelve month period ending June 30th, 2024 as a percentage of Adjusted EBITDA, excluding acquisitions. See pg. 26 for Adj. EBITDA reconciliation",
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      "text": "Steady Legacy Producing Assets Coupled with Ability to Offset PDP Decline with Unconventional Drilling Inventory",
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