BCE-Mach Closes Ninth Acquisition
OKLAHOMA CITY–(BUSINESS WIRE)–BCE-Mach III LLC recently closed an acquisition of approxi …Read More
OKLAHOMA CITY–(BUSINESS WIRE)–BCE-Mach LLC (“BCE-Mach”), a partnership between Bayou City Energy Management LLC (“BCE”) and Mach Resources LLC (“Mach”), has executed a Purchase and Sale Agreement to purchase producing properties primarily in Barber and Harper Counties, Kansas from an undisclosed seller. Closing is subject to customary conditions and is expected to occur this summer.
This transaction is the third acquisition for BCE-Mach in the Mississippi Lime since March 2018. BCE-Mach currently operates two rigs in the field and continues to see ample opportunities across its asset base. With the addition of these properties, BCE-Mach owns approximately 260,000 net acres, operates 835 wells and owns an interest in 1,561 wells operated by third parties across 22 counties in Oklahoma and Kansas.
“BCE-Mach is pleased with the acquisitions we’ve made in the Mississippi Lime,” said Mach CEO Tom Ward. “This purchase continues our consolidation of the play, provides a solid addition of producing properties and expands our inventory of drilling opportunities.”
“BCE is thrilled to announce another Mississippi Lime bolt-on acquisition with Tom and his team to the existing successful BCE-Mach platform,” said BCE Managing Partner Will McMullen. “This acquisition furthers our Miss Lime consolidation thesis and increases our economies of scale within the play.”