Mach Natural Resources LP is looking to expand its footprint in the Anadarko Basin of Oklahoma with the $815 million purchase of about 62,000 net acres from private equity-backed Paloma Partners IV LLC.

Under the deal announced Monday, which is expected to close by the end of December, Oklahoma City-based Mach would acquire the acreage that spans across Canadian, Grady, McClain, Caddo, Custer, Dewey, Blaine and Kingfisher counties. Around 76% is located in the core development area in Canadian and Grady counties, according to Mach, which went public last month.

Also included in the asset package is recent production of about 32,000 boe/d, which is weighted 57% liquids and 23% oil. Proved developed producing (PDP) reserves of about 75 million boe, along with one rig currently...