Alta Mesa Resources, Inc., the Houston-based energy company that filed bankruptcy in September 2019 , has received a $310 million bid for its assets from joint venture BCE-Mach III LLC. The joint venture, which is made up of independent oil and natural gas producer Mach Resources LLC and private equity firm Bayou City Energy Management LLC, offered a stalking horse bid for Alta Mesa’s assets as well as Kingfisher Midstream LLC, a non-bankrupt affiliate of Alta Mesa. The $310 million bid covers just a portion of Alta Mesa’s more than $1 billion worth of debt. According to an SEC filing posted on Alta Mesa’s website , the company will auction off its assets by Jan. 15. Kingfisher Midstream is expected to file Chapter 11 bankruptcy prior to the auction, which will give Kingfisher $85.25 million cash and the remaining proceeds to Alta Mesa. Generated by readers, the comments included […]