“With fresh assets and a strong balance sheet, we have significant flexibility and are able to self-fund our strategy out of operating cash flow,” says Chuck Duginski, CEO of newly rebranded Canvas Energy.
Oklahoma City-based BCE-Mach III LLC has snapped up substantially all of the upstream oil and natural gas assets of bankrupt Alta Mesa Resources Inc. for $320 million, giving it a bevy of assets in the Midcontinent.
Oklahoma City-based BCE-Mach III LLC has snapped up substantially all of the upstream oil and natural gas assets of bankrupt Alta Mesa Resources Inc. for $320 million, giving it a bevy of assets in the Midcontinent.