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MSC - Judge rejects BCE-Mach III’s $310MM Alta Mesa-Kingfisher bid - January 15, 2020

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A federal judge rejected a combined $310 million joint stalking-horse bid for the assets of Alta Mesa Resources and subsidiary Kingfisher Midstream from BCE-Mach III. The decision comes after Kingfisher filed for Chapter 11 protection on Jan. 12, several months after parent Alta Mesa’s Sept. 11 filing, and the cases were bundled in joint administration. Judge Marvin Isgur rejected a $224.75 million stalking-horse offer made by BCEMach III, a JV of Bayou City Energy......
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