Affiliates of Houston-based Bayou City Energy, a private equity firm focused on energy, and Oklahoma City-based Chaparral Energy Inc. (OTCQB: CHPE) have formed a joint venture.
The affiliates in the JV, which was announced this week, are BCE Roadrunner LLC and Chaparral Energy LLC. The JV will focus on drilling in the STACK — or “Sooner Trend (oil field), Anadarko (basin), Canadian and Kingfisher (counties)” — area of Oklahoma.
Bayou City Energy will fund 100 percent of the drilling, completion…
Houston Biz Journal
Energy-focused PE firm, Oklahoma E&P co. create JV to drill in STACK