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  "documentTitle": "Mach Natural Resources | IPO Presentation Deck | 35 slides",
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  "authorName": "Mach Natural Resources",
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  "presentationDate": "2024-03-01 00:00:00",
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      "kind": "chart",
      "text": "Average Oil Production Results Cumulative Oil (bbl/ft) Normalized Time (months) Mach Operated Type Curve Mach Operated Average Results to Date (154 wells, Acid/No-Proppant stimulated, ~$3.0mm AFE) Non-Mach Operated Average Results to Date (75 wells, Proppant stimulated, ~$4.1mm normalized average well cost)",
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          "Mach Operated Average Results to Date (154 wells, Acid/No-Proppant stimulated, ~$3.0mm AFE)",
          "Non-Mach Operated Average Results to Date (75 wells, Proppant stimulated, ~$4.1mm normalized average well cost)"
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      "kind": "paragraph",
      "text": "Commentary\nThe Oswego is the most oil-rich formation in Mach's inventory thus is the focus of the go forward drilling program\nMach began developing the Oswego in 2021 using acid stimulation instead of typical proppant completion\nBy using acid instead of proppant, Mach has lowered average drilling and completion costs to ~$3mm per well\nThe chart shows that Mach's 154 acid stimulated wells with no proppant are performing in line with the other 75 Oswego proppant stimulated wells in Kingfisher County, Oklahoma\nGoing forward, Mach's development program focuses on the Oswego and utilizes acid stimulation as opposed to proppant",
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      "text": "1) Based on CGA audited type curve as of 6.30.2023\n2) Based on public information. Includes all offset horizontal wells drilled in Oswego formation with reported proppant loading. Normalized to 5,121 ft.",
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      "kind": "source-note",
      "text": "Source: Data and analytics derived from Enverus Core",
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      "kind": "title",
      "text": "Oswego Development Delivering High Oil Performance with Low Well Costs",
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