BCE-Mach III, the third partnership between Bayou City Energy Management LLC (BCE) and Mach Resources LLC (Mach), has acquired all of the upstream oil and gas assets of Alta Mesa Holdings LP and its subsidiaries (AMH), and the midstream assets of Kingfisher Midstream and its subsidiaries (KFM), as part of the sellers’ Chapter 11 bankruptcies and associated 363 sale processes.
The sales price was $320 million.
The purchase agreements provide that BCE-Mach III will acquire approximately 30 thousand barrels of oil equivalent per day (Mboe/d) of production (67 percent liquids), approximately 72 MMboe of proved reserves, more than 900 operated wells, and 130,000 net acres (90 percent HBP) from AMH as well as gas processing capacity of 350 MMcf/d, 453 miles of gas gathering pipeline, 157 Mbw/d produced water system capacity, 224 miles of water disposal pipeline, 108 miles of oil gathering pipeline and 50 Mbbl oil storage capacity from KFM.
This acquisition represent
