Mach Natural Resources Says It Expects Oil Volumes For Q3 And Q4 Are Expected To Range Between 18.6 MBbl/d To 19.9 MBbl/d.; FY24 Oil Volumes Are Expected To Range Between 19.4 MBbl/d To 20.6 MBbl/d
Portfolio Pulse from Benzinga Newsdesk
Mach Natural Resources announced its expected oil volumes for Q3 and Q4, ranging between 18.6 MBbl/d to 19.9 MBbl/d. For FY24, the company expects oil volumes to range between 19.4 MBbl/d to 20.6 MBbl/d.
August 13, 2024 | 8:10 pm
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Mach Natural Resources expects Q3 and Q4 oil volumes to range between 18.6 MBbl/d to 19.9 MBbl/d, and FY24 volumes between 19.4 MBbl/d to 20.6 MBbl/d. This indicates stable production levels, which could positively impact revenue projections.
The stable and slightly increasing oil production volumes suggest that Mach Natural Resources is maintaining or potentially growing its production capacity. This stability is likely to be viewed positively by investors, as it implies consistent revenue generation.
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