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.
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.
BCE, 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.
Bayou City Energy 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.
Check out our new Oklahoma Drilling PERMITS page and take a look at the most recent permit history for the Arkoma, STACK and SCOOP play, courtesy of Oseberg.io.
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.