BCE-Mach Announces Agreements for its 10th and 11th Acquisitions and Provides Operational and Financial Updates
Retrieved on:
Thursday, December 9, 2021
Energy, Other Energy, Oil, Gas, Mach, Natural gas, 63, PDP, Adjustment, STACK, Industry, Mississippi, IRR, Program, LQA, Public expenditure, Sale, Acquisition, BCE, Retail, Mail, Bookkeeping
These acquisitions are expected to add $26.4 million of 2022 cash flow at recent prices.
Key Points:
- These acquisitions are expected to add $26.4 million of 2022 cash flow at recent prices.
- Representing its fourth acquisition in the STACK, BCE-Mach is acquiring additional working interest across 61 wells it operates in Kingfisher County, Oklahoma.
- BCE-Mach continues its strategy of consolidation within its STACK midstream and upstream operations with this bolt-on acquisition.
- Expanding its operating footprint in Kansas, these assets add ~66,000 net acres and 193 operated wells primarily located in Barber County.