U.S. independent Cimarex Energy Co. has agreed to sell some of its Midcontinent properties, including a pair of natural gas gathering and processing facilities, to privately held BCE-Mach III LLC for an undisclosed amount.

Under the recently signed purchase and sale agreement, the partnership of Houston-based Bayou City Energy Management LLC and Mach Resources LLC would acquire producing properties in western and southern Oklahoma, as well as the Texas Panhandle. The processing facilities are in southern Oklahoma, BCE-Mach III said.

“We continue to have success adding to our holdings in the Midcontinent region,” said Mach CEO Tom Ward, who co-founded Chesapeake Energy Corp. and SandRidge Energy Inc. “As a result of our scale in the area across our platforms, we are able to...