Bayou City Energy and Mach Resources completed the acquisition of the upstream and midstream oil and gas assets of Alta Mesa and Kingfisher for $220m.

Bayou City Energy Management, a private equity firm, and Mach Resources, an independent oil and natural gas producer, completed the acquisition of the upstream and midstream oil and gas assets of Alta Mesa and Kingfisher for $220m. "This was a unique opportunity to acquire a sizeable cash-flowing asset with the supporting midstream infrastructure, through a bankruptcy process, in an area of our team’s expertise and still have an extensive inventory for future development. Our strategic aim in partnership with BCE has been to aggressively consolidate and maximize underdeveloped, undercapitalized or otherwise distressed areas in the Mid-Continent. We have been successful in buying assets at a discount, increasing production in a cost-effective manner and avoiding overspending. In a lot of ways, we have gone back to the fundamentals that were true when I began my career," Tom L. Ward, Mach CEO.