Mach Resources LLC, an independent oil and gas producer led by industry veteran Tom Ward, continues to build its position in the Mississippi Lime play with a bolt-on acquisition on May 22 through its partnership with a Houston-based private-equity firm.
BCE-Mach LLC—the name of the company’s partnership with Bayou City Energy Management LLC (BCE)—agreed to purchase producing properties primarily in Kansas’ Barber and Harper counties. Though Mach did not disclose the seller and terms of the transaction, the company said the deal marks the third acquisition for BCE-Mach in the Mississippi Lime since the partnership launched.
BCE, led by Will McMullen and Mark Stoner, agreed to link up with Ward’s Mach Resources in March 2018 to acquire, explore and develop oil and gas assets in Oklahoma and Kansas. No financial details were provided.