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Mach Resources, an independent oil and gas producer led by industry veteran Tom Ward, continues to build its position in the Mississippi Lime play.
Despite converting to a C-corp, Legacy Reserves has faced debt hurdles, which led the Midland, Texas-based oil and gas company to explore strategic alternatives.
Pioneer laid off 230 employees this week at its headquarters and in its Permian Basin offices, and cut another 300 workers in April, the company said in statement.