BP Sells Two Midstream Assets in TX

BP says its American production company intends to sell two gas processing plants at Sunray, TX, and Hemphill, TX, as well as their associated gas gathering system, to Eagle Rock Energy Partners (Houston) for $227.5 million in cash. The plants have combined processing capacity of about 220 million cubic feet of gas a day (MMcf/d) and an associated gathering system of around 2,500 miles of pipelines. The deal is expected to close in the fourth quarter of 2012.   BP says these midstream assets—which serve BP's natural gas production in the Texas...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers