Mach Natural Resources LP has closed an $815 million acquisition of oil and gas assets in the Anadarko Basin, the company said on Dec. 29.

Mach said in November it would buy approximately 62,000 net acres in Oklahoma from EnCap-backed Paloma Partners IV, a privately-held Delaware limited liability company.Mach Natural Resources Closes $815MM Anadarko Basin Bolt-on

In conjunction with the closing of the acquisition, Mach entered into an $825 million term loan credit agreement to fund the purchase price via a group led by Chambers Energy Management and EOC Partners, as well as Mercuria Investments US Inc., funds managed by Farallon Capital Management LLC, Macquarie Group and Texas Capital Bank among others. Texas Capital Bank acted as the administrative agent.

Mach also entered into a $75 million super priority revolving credit facility led by MidFirst Bank. Mach used proceeds from the term loan facility and cash on hand to repay existing amounts outstanding under a previously outstanding revolving credit agreement.

Kirkland & Ellis served as legal adviser for Mach. Vinson & Elkins served as legal adviser and RBC Richardson Barr served as financial adviser for the sellers. Latham & Watkins served as legal adviser for the term loan arranger.