Mach Resources announces first acquisition in partnership with Bayou City Energy
April 8, 2018
OKLAHOMA CITY – BCE-Mach LLC, a recently formed partnership between Bayou City Energy Management (BCE) and Mach Resources, closed the purchase of operated producing properties concentrated in Woods and Alfalfa counties on March 29 from Chesapeake Energy Corporation. BCE-Mach was formed with a focus on acquisition opportunities with strong cash flow generation and drilling inventories.
“The Mississippi Lime in Woods and Alfalfa counties is a well-delineated play with an extensive inventory of future drilling locations,” said Mach CEO Tom Ward. “On a full cycle economics basis, this p...