BCE-backed Mach Natural Resources to acquire San Juan Basin assets from IKAV for $787m.

BCE-backed Mach Natural Resources, a drilling oil and gas wells company, agreed to acquire San Juan Basin assets from IKAV, an international asset management group specializing in energy infrastructure assets, for $787m. "We are excited to transition IKAV’s San Juan assets into Mach Natural Resources and to become a significant shareholder of the Company. Mach’s strong industrial logic aligns with our long-term vision for this exceptional asset and beyond. The return of a public Company to the basin underscores the deep value and long-term potential of the asset," Constantin von Wasserschleben, IKAV Chairman.