BP Plc to Sell Gas Assets Worth $227.5 Million to Eagle Rock Energy Partners

- August 13th, 2012

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).

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.

Click here to read the full Zacks report.

Tags

Tags:

Leave a Reply