Oil & Gas News

Tom Ward announces partnership with Texas equity firm

Bayou City Energy Management forms partnership

Tom L. Ward, formerly a stakeholder in both Chesapeake and SandRidge, announced Thursday his year-old company, Mach Resources LLC, has formed a partnership with Houston-based Bayou City Energy Management (BCE)

Mach Resources LLC and Bayou City Energy Management LLC announced the formation of BCE-Mach LLC, a new partnership acquiring, exploring and developing oil and gas assets across Oklahoma and Kansas. The new partnership will focus on acquisition opportunities of producing properties with strong cash flow generation and drilling inventories.

Bayou City Energy Management, led by Will McMullen and Mark Stoner, is a private equity firm founded in 2015 focusing on the upstream oil and gas sector. Mach, led by Tom L. Ward, was founded in early 2017 with a preference towards low-risk, conventional asset development.

BCE has drilling partnerships with Houston-based Alta Mesa Resources and Oklahoma City-based Chaparral Energy. Each of those deals involves drilling programs in Oklahoma’s STACK play in west-central and northwest Oklahoma.

Mach I is an independent oil and natural gas producer focused on acquiring, exploring and developing high-return, low-cost projects. The company is managed by the executive team of Mach Resources LLC, including CEO Tom L. Ward. Founded in January 2018, Mach I owns and operates a portfolio of assets primarily located in the core of the Mississippian Lime play in Northern Oklahoma and Southern Kansas. Mach I is headquartered in Oklahoma City, OK.

For more information about Mach, please visit www.MachResources.com, call (405) 252-8100 or email info@MachResources.com.


Sign up for our FREE weekly oil and gas newsletter HERE

Compiled and Published by GIB KNIGHT

Gib Knight is a private oil and gas investor and consultant, providing clients advanced analytics and building innovative visual business intelligence solutions to visualize the results, across a broad spectrum of regulatory filings and production data in Oklahoma and Texas. He is the founder of OklahomaMinerals.com, an online resource designed for mineral owners in Oklahoma.

Comments

The crossroads of energy information for minerals owners in Oklahoma. Where you can: See recent prices of mineral and lease transactions. Receive an offer to lease or buy your minerals.

Find relevant news stories on the most active areas, including the Scoop and Stack Plays.

Data Powered by Oseberg

Today’s E&P world is rapidly shifting towards data-driven decision making, but those decisions are only as good as the data behind them. Access Oseberg's deep, accurate, and detailed pool of insight-rich industry data with our powerful analytical and search tools and get the clearest picture of what's happening as soon as it happens.

Disclaimer

This web site is maintained solely for the personal use of our visitors. Although we at Oklahoma Minerals have made all reasonable efforts to provide accurate information, we cannot guarantee the completeness, timeliness or accuracy of the information contained herein. Nothing in this web site contains investment advice. Any decisions based upon the information contained in this web site are the sole responsibility of the user.

Copyright © 2020 OklahomaMinerals.com

To Top
Libya's Oil Production Set To Rise To 260,000 Bpd Next WeekFull Story