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  "documentTitle": "Mach Natural Resources | IPO Presentation Deck | 35 slides",
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      "text": "Oswego Half-Cycle Single-Well PV10% Breakeven WTI Price ($/bbl) (2)\n$45.47\n↓($4.18)\n$41.29\nUnadjusted PUD Oswego Type Curve\nMidstream Synergy\nAdjusted Mach PUD Oswego Type Curve",
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      "text": "Lower 48 Half-Cycle Single-Well PV10% Breakeven WTI Price ($/bbl)\n$41.29\n$45.98\n$50.94\n$51.38\n$51.31\n$53.21\n$56.92\n$58.23\nAdjusted Mach PUD Oswego Type Curve (2)\nDelaware\nDJ Basin\nMidland\nWilliston\nEagle Ford\nAnadarko\nAppalachian",
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      "text": "MACH\nNATURAL RESOURCES",
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      "kind": "list",
      "text": "This midstream synergy provides breakeven advantage comparable to the Midland and Delaware Basins",
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      "text": "Mach has multiple proven targets across its Focus Drilling Area (1)\nGiven high oil content & compelling economics, Mach's near term development plan is focused on the Oswego\nWhile Oswego economics are compelling on a standalone basis, they are enhanced through ownership of complementary midstream infrastructure",
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      "kind": "list",
      "text": "Represents the removal of gas gathering and processing, and Saltwater Disposal (\"SWD\") costs on Mach's equity interest (i.e. Mach paying itself instead of a third party)",
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      "text": "Source: Data and analytics derived from Enverus Core\nNote: Commodity price based on 20:1 WTI: HH\n1) Focus Drilling Area assets are all horizontal properties located in Kingfisher & Logan Counties in Oklahoma\n2) Based on a) CGA audited type curve and b) Management single well economic estimates fully burdened with midstream costs",
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      "text": "Owned Midstream Assets Drive Low Breakeven Costs for New Drilling",
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