Houston, TX – August 1, 2016 – Bayou City Energy Management, LLC (“Bayou City” or “BCE”) announced it has joined with Own Resources, LLC (“Own”) to acquire producing oil and natural gas fields in the Sugg Ranch area of the Permian Basin located in Sterling, Tom Green, and Irion counties (“Assets”). Together, BCE and Own formed the partnership of Own Energy Partners LLC (“OEP”). The Assets are 100% operated, consist of production from several stacked proven reservoirs across approximately 33,000 contiguous, net held-by-production, acres. Own Energy Partners will be led by industry veterans Wallis Marsh and Niels Phaf.

BCE Founding Partner William McMullen said: “Bayou City is thrilled to partner with the Own management team which has an established history of identifying, acquiring, and exploiting conventional producing fields with low-risk development upside. These fields have typically fallen into periods of steepened production decline and the Own team has consistently been able to halt or reverse this trend across multiple fields located in a variety of geographical areas, meaningfully enhancing cash flows and reserves.”

BCE Partner Mark Stoner added: “The Own team is comprised of a complimentary mix of highly-skilled and dedicated oil and gas entrepreneurs from diverse backgrounds. We are confident that the team’s analytical and operating expertise will enable the partnership to create significant value for all stakeholders, beginning with the Sugg Ranch asset.”    

“We are very excited to be partnering with Bayou City during this dynamic time in the oil and gas industry,” said Wallis Marsh, Own Managing Partner-Operations. “OEP will unlock value day one through improving operational efficiencies, growing production by optimizing completion technology and exploiting previously untapped zones. There is an abundance of behind pipe opportunities associated with the Asset.”

Own Managing Partner-Finance Niels Phaf added: “Bayou City’s flexible capital solutions and deep industry relationships combined with Own’s proven operating capability and tested process for identifying undervalued properties provide OEP with the tools necessary to successfully create value from conventional producing assets.”

About Bayou City

Bayou City Energy is a private equity firm focused on making investments in the North American upstream oil & gas sector, targeting deal sizes of $5 to $50 million. Bayou City targets privately negotiated investments through two complementary strategies: Providing buyout and growth equity capital for small operators with current production, and partnering with leading operators to provide dedicated drilling capital in off-balance sheet structures. The BCE team, combined with the Firm’s highly qualified Advisory Board and strategic relationship with Intervale Capital, provide small to mid-sized operators access to expertise, capital, and quality services typically available only to much larger enterprises.

For more information about Bayou City Energy, please visit www.bayoucityenergy.com, call 713.400.8200, or email This email address is being protected from spambots. You need JavaScript enabled to view it. .

About Own Resources

Own was founded in 2015 by Wallis Marsh and Niels Phaf to pursue the acquisition and exploitation of conventional, mature onshore oil and gas assets. Own’s strategy is centered on acquiring capital deprived properties with stacked pay, where significant value can be created through production optimization and low-cost development projects. In addition to Wallis and Niels, the Own team is augmented by Ed Schneider, Chris Gehrels, and Robert Eckols. Collectively, the senior leadership team has over 100 years of experience in oil and gas.

For more information about Own Resources, please visit www.ownresources.com.