M&A Deal Summary

Bayou City Energy and Mach Resources Acquire Kingfisher Midstream

On January 28, 2020, private equity firm Bayou City Energy and Mach Resources acquired oil/gas exploration company Kingfisher Midstream from Alta Mesa Resources

Acquisition Highlights
  • This is Bayou City Energy’s 3rd and Mach Resources’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is Bayou City Energy’s 4th and Mach Resources’ 2nd transaction in the United States.
  • This is Bayou City Energy’s 3rd and Mach Resources’ 2nd transaction in Texas.

M&A Deal Summary

Date 2020-01-28
Target Kingfisher Midstream
Sector Oil/Gas Exploration
Buyer(s) Bayou City Energy
Mach Resources
Sellers(s) Alta Mesa Resources
Deal Type Divestiture

Target

Kingfisher Midstream

Houston, Texas, United States
Kingfisher Midstream provides midstream energy services including crude oil and gas gathering, processing and marketing to producers in the stack play. Kingfisher Midstream was founded in 2015 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

Bayou City Energy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Bayou City Energy is an upstream-focused energy private equity firm. The Firm focuses on lower middle-market investments between $5 to $50 million in the North American upstream by providing buyout and growth equity capital for small operators with producing assets, as well as partnering with operators to provide dedicated drilling capital in off-balance sheet structures. Bayou City Energy was formed in 2015 and is based in Houston, Texas.


DEAL STATS #
Overall 4 of 4
Sector: Oil/Gas Exploration M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 3 of 3
Country: United States M&A 4 of 4
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Alta Mesa

Houston, Texas, United States

Alta Mesa provides development, acquisition, exploration, and production of oil and natural gas properties. Alta Mesa is based in Houston, Texas.

Buy -
Buyer

Mach Resources

Oklahoma City, Oklahoma, United States

Category Company
Founded 2017
Sector Oil/Gas Exploration
DESCRIPTION

Mach Resources LLC is an independent oil and natural gas producer focused on acquiring, exploring and developing high-return, low-cost projects.


DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Alta Mesa

Houston, Texas, United States

Alta Mesa provides development, acquisition, exploration, and production of oil and natural gas properties. Alta Mesa is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Alta Mesa Resources

Houston, Texas, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Alta Mesa is engaged in the acquisition, exploration, development, and production of oil and gas properties in Oklahoma, Texas, Louisiana, and Florida.


DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Alta Mesa

Houston, Texas, United States

Alta Mesa provides development, acquisition, exploration, and production of oil and natural gas properties. Alta Mesa is based in Houston, Texas.

Sell -