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A&D - BCE-Mach III to buy Alta Mesa assets & Kingfisher for $320MM - February 2020
A federal judge approved the sale of the upstream assets of bankrupt Alta Mesa Resources and its midstream subsidiary, Kingfisher Midstream , to a JV of Bayou City Energy Management and Mach Resources in a Jan. 15 auction for a combined $320 million. The decision came after Judge Marvin Isgur earlier rejected BCEMach III’s combined $310 million stalking-horse bid because he objected to a 3% breakup fee that was a term of that bid.......
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