Deal: Bayou City confirms Alta Mesa preferred deal

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[Context: On 1 September, Bayou City Energy disclosed seeking $375m for BCE-HM AGGREGATE, LLC. Today the company announced a deal to purchase preferred stock in High Mesa, which holds a position in STACK-focused Alta Mesa, and announced the participation in Intervale as a con-investor.]

Bayou City Energy Purchases Preferred Stock in High Mesa, an Established STACK Operator

HOUSTON, Sept. 12, 2016 /PRNewswire/ — Bayou City Energy (“Bayou City” or BCE”) today announced its affiliate, BCE-MESA Holdings LLC (“BCE-MESA”) completed the purchase of preferred stock in High Mesa, Inc. (“High Mesa”).

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