Market Overview

Mach Resources Announces Second Acquisition in Partnership with Bayou City Energy


BCE-Mach LLC ("BCE-Mach"), a partnership between Bayou City Energy
Management LLC ("BCE") and Mach Resources LLC ("Mach"), has executed a
Purchase and Sale Agreement to purchase producing properties in Alfalfa,
Garfield, Grant, Kay, Major, Harper, Noble, Pawnee, Payne, Woods and
Woodward Counties, Oklahoma and Barber, Comanche, Finney, Ford, Gove,
Gray, Harper, Hodgeman, Ness, Reno, Scott, Sumner and Wichita Counties,
Kansas from Repsol E&P USA Inc. The assets are primarily interests in
wells operated by SandRidge Energy. Closing is subject to customary
conditions and is expected to occur during October 2018.

"BCE-Mach's focus has been on properties within the Mississippi Lime and
these assets are complementary to our current operated position. We are
excited to expand our asset base as the most active company in the
play," said Mach CEO Tom Ward. "Alongside our partners at Bayou City
Energy, we are excited about the opportunity to continue to expand our
position both through drilling our current inventory and strategic
acquisitions of producing properties."

"This acquisition is an excellent fit for the strategy set out for
BCE-Mach," BCE Managing Partner Will McMullen said. "We are thrilled to
be continuing this partnership in earnest with another great
cash-flowing asset and have the utmost confidence in the Mach team's
ability to continue maximizing value from this well understood and
infrastructure-advantaged position."

About Mach Resources LLC

Mach is an independent oil and natural gas producer focused on
acquiring, exploring and developing high-return, low-cost projects.
Founded in January 2017, the company pursues assets with production
history and development opportunity. Mach is located in Oklahoma City,

For more information about Mach, please visit,
call (405) 252-8100 or email

About Bayou City Energy Management LLC

BCE is a private equity firm founded in 2015 to focus on making
investments in the North American upstream oil and gas sector. BCE
targets privately negotiated investments through two complementary
strategies: providing buyout and growth equity capital for operated
assets with current production and exploitable upside and partnering
with operators to provide dedicated drilling capital in off-balance
sheet structures. The BCE team, combined with the firm's Advisory Board
and strategic relationship with Ara Partners Group LLC, provides
operators access to expertise, capital, and trusted partnership.

For more information about BCE, please visit,
call (713) 400-8200 or email

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