Alta Mesa Sells For $320 Million

摘要

A PARTNERSHIP LED by Tom Ward's Mach Resources LLC agreed in January to acquire substantially all assets of bankrupt Alta Mesa Resources Inc. and its midstream subsidiary for a combined purchase price of $320 million. The deal is the latest turn in the fortunes of Alta Mesa, which sprang which sprang from a deal by a blank-check company and private-equity firms that paid roughly $1.6 billion for the public, pure-play Oklahoma Stack company's upstream assets. Alta Mesa entered bankruptcy in September with about $871 million in debts.