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      "text": "Reinvestment Rate Next Twelve Months (1,2) 11% 32% 32% 36% 36% 42% 45% 47% 49% 52% 53% 53% 55% 63% 65% 67% 90%",
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      "text": "MACH NATURAL RESOURCES",
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      "text": "2) Represents estimated capex spend as a percentage of Adj. EBITDA, excluding acquisitions. See pg. 26 for Adj. EBITDA reconciliation",
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      "text": "Source: Public filings, FactSet, I/B/E/S consensus estimates for peers, and Management estimates for next twelve month Adj. EBITDA and Capex Note: Selected company group is composed of BRY, CHRD, CIVI, CPE, CRC, CRGY, DEC, HPK, MGY, MRO, MTDR, NOG, OVV, PR, SM, and TXO",
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      "text": "Low base declines (+) low opex (+) low breakeven inventory (=) low reinvestment rates",
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