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BP Plc to Sell Gas Assets Worth $227.5 Million to Eagle Rock Energy Partners
Aug. 13, 2012 11:17AM PST
Resource InvestingZacks reported that BP Plc (NYSE:BP) has decided to sell its midstream gas assets worth $227.5 million in the Texas panhandle to Eagle Rock Energy Partners LP (NASDAQ:EROC).
Zacks reported that BP Plc (NYSE:BP) has decided to sell its midstream gas assets worth $227.5 million in the Texas panhandle to Eagle Rock Energy Partners LP (NASDAQ:EROC).
As quoted in the market news:
The assets to be sold comprise two natural gas processing plants, the Sunray plant in Moore County and the Hemphill plant in Hemphill County, that have a combined daily processing capacity of roughly 220 million cubic feet of gas (MMcf). Additionally, the deal includes 2,500 miles of associated pipelines and other infrastructure.