On February 9, Silver Run Acquisition II, a blank check company based in downtown Houston that went public in March 2017, completed its acquisition of Alta Mesa Resources & Kingfisher Midstream for a combined $3.3 billion. Alta Mesa is an onshore E&P, primarily operating in the Anadarko Basin, that had been planning to go public via an IPO. Kingfisher operates midstream assets in the same Basin that primarily serve Alta Mesa. The deal was originally announced in August 2017. Alta Mesa was valued at $1.9 billion, Kingfisher at $1.4 billion.
As a result, Silver Run II has been renamed Alta Mesa Resources Inc and the management of Alta Mesa has effectively taken over, with the corporate office moving to west Houston.
- CEO of Silver Run II James Hackett (former CEO of Anadarko Petroleum Corporation) has been appointed Chairman of the Board. He has also taken on the role of COO of the Midstream division.
- Harlan Chappelle has been appointed CEO. He has been CEO of Alta Mesa since 2004.
- CFO Thomas Walker has resigned to be replaced by Michael McCabe (CFO of Alta Mesa since 2006).