Investments in upstream oil & gas Assets in the U.S.
BCE pursues investments in upstream oil & gas assets in the continental United States.
We are control equity investors, and partner with proven asset operating management teams to create value in the assets we acquire.
We seek to acquire cash-flowing assets at attractive entry valuations that effectively collateralize our investment.
We are basin agnostic – our focus is on finding the best low-risk return potential, and to establish an attractive imbedded investment yield at entry.
We pursue growth in our portfolio companies through measured reinvestment of asset cash flow in both “organic” asset development, and “inorganic” acquisition opportunities that complement existing assets.
We avoid extensive use of leverage in capitalizing our businesses, and opportunistically use hedging strategies to insulate business cash flow and de-risk projected returns.
Experienced management team with track record of operating success
Assets located onshore in the continental United States within basins with existing infrastructure
Assets are currently producing, have established producing histories, and positive field level cash flow
Assets are predominantly operated; non-operated interests can be pursued for follow-on acquisition
Commodity agnostic, but prefer a mix of oil, gas, & NGLs
PDP upside through operational enhancements and cost reductions
Inventory of low-risk and low-cost development opportunities including PDNP and PUD reserves
Control equity with customary minority protections for other investors, and competitive incentives for management teams