BCE-Mach Closes Two Bolt-On Acquisitions

On June 30^th, 2022, BCE-Mach closed two acquisitions for a combined $88 million.  These acquisitions will add ~3,000 boe/d (45% liquids) across ~1,000 operated wells.  The acquired assets span across Western Oklahoma and the Texas Panhandle and have a minimal (~5%) decline profile.  Along with the upstream properties acquired, BCE-Mach is adding a 500-mile gathering system and 12 mmcf/d of processing capacity to its midstream infrastructure portfolio in these acquisitions. Over the last year, BCE-Mach has closed six acquisitions investing in excess of $200mm.