Cimarex Energy Co. agreed to sell producing properties in western and southern Oklahoma and the Texas Panhandle, a group led by industry veteran Tom Ward said in a recent release.

In the release, BCE-Mach III LLC said it recently signed a purchase and sale agreement to acquire the Oklahoma and Texas properties from Cimarex for an undisclosed amount. The transaction, expected to close in June, also included two gas gathering and processing assets located in southern Oklahoma.

BCE-Mach III is the third portfolio company formed by a joint venture between Ward’s Mach Resources LLC and Houston-based private equity firm Bayou City Energy Management LLC (BCE). In total, the group have made eight separate acquisitions across Oklahoma, Kansas and the Texas Panhandle since linking up in 2018.

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