Mach Resources LLC and Bayou City Energy Management LLC Announce Oil and Gas Partnership

OKLAHOMA CITY–(BUSINESS WIRE)–Mach Resources LLC (“Mach”) and Bayou City Energy Management LLC (“BCE”)
are pleased to announce the formation of BCE-Mach LLC, a new partnership
acquiring, exploring and developing oil and gas assets across Oklahoma
and Kansas. The new partnership will focus on acquisition opportunities
of producing properties with strong cash flow generation and drilling
inventories.

BCE, led by Will McMullen and Mark Stoner, is a private equity firm
founded in 2015 focusing on the upstream oil and gas sector. Mach, led
by Tom L. Ward, was founded in early 2017 with a preference towards
low-risk, conventional asset development.

“We’re pleased to partner with Tom and his exceptional management team
at Mach to pursue this exciting strategy,” McMullen said. “The
Mid-Continent region supports excellent risk-adjusted upstream
investment returns, and we’re confident the extensive network and
leading insights brought by the Mach team combined with BCE’s experience
operating in Oklahoma will result in a productive and profitable
partnership. It is our intent for this platform to be aggressive in
consolidating and redeveloping select undercapitalized regions of the
upstream sector and we look forward to executing this strategy with the
Mach team.”

“In our search for an equity partner, we were impressed with Bayou
City’s investment approach and management team,” Ward said. "Their
previous track record in Oklahoma and outlook on future opportunities
aligns well with our strategy at Mach. We look forward to working with
BCE in actively pursuing assets that meet our common objective.”

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 good production
history and development opportunity. Mach is located in Oklahoma City,
OK.

For more information about Mach, please visit www.MachResources.com,
call (405) 252-8100 or email [email protected].

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 operators
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 Argus Energy Managers, provides operators
access to expertise, capital and trusted partnership.

For more information about BCE, please visit www.bayoucityenergy.com,
call (713) 400-8200 or email [email protected].

Contacts

For Mach Resources LLC
Lisa Lloyd, 405-973-6960
[email protected]