General News | Deals - Acquisition, Mergers, Divestitures
BP Finalizes Acquisition of BHP Assets; Renames Unit
Email
Print 
Bookmark
BP has closed on its $10.5B acquisition of BHP Billiton's assets and has subsequently renamed the unit BPX Energy.
The main assets included in the transaction.
- Permian: 83,000 acres with c 3,400 gross drilling locations in the liquids-rich Delaware sub-basin of the Permian in West Texas. Multiple zones provide a deep and highly-economic inventory for future drilling and significant opportunities for application of BP’s industry-leading drilling techniques. Current production, c.40,000 boe/d, c.70% liquids.
- Eagle Ford: 194,000 acres with 1,400 gross drilling locations in both the liquids-rich Karnes Trough and Eagle Ford wet gas window in South Texas. These present further opportunities for application of leading drilling techniques. There are significant opportunities for cost reduction through synergies with existing BP operations. Current production, c.90,000 boe/d, c.70% liquids.
- Haynesville: 194,000 acres with 720 gross drilling locations in East Texas and Louisiana. The additions will double BP’s existing Haynesville production, more than triple its acreage position and provides opportunity to capture economies of scale. Current production, c.60,000 boe/d, all gas.
Recent Deals/Transactions
| Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
|---|---|---|---|---|---|
| 09/02/2025 | E&P | Crescent Energy Acquires Vital |
|
|
|
| 07/10/2025 | E&P | Mach Resources Buys San Juan Gas Asset for $787 Million |
|
|
|
| 07/10/2025 | E&P | Mach Enters Permian Basin, Buys PE_backed Sabinal Assets for $500 Million |
|
|
|
| 06/05/2025 | E&P | Vermillion Energy Exits US, Sells Power River Basin Asset |
|
|
|
| 05/30/2025 | E&P | EOG Acquires Utica Liquids Focus Encino For $5.6 Billion |
|
|
|
| 05/13/2025 | E&P | TXO Partners Acquires White Rock Assets in the Elm Coulee Field |
|
|
|
| 05/07/2025 | E&P | Permian Resources Bolt-On Assets From APA Corp |
|
|
|
| 05/03/2025 | E&P | Riley Permian Acquires PE-Backed Silverback II For $142million |
|
|
|
| 04/22/2025 | E&P | EQT Acquires Olympus Energy Assets For $1.8 Billion |
|
|
|
| 04/01/2025 | E&P | TG Natural Resources Acquires Interest in Chevron’s Haynesville Asset |
|
|
|
| Total |
|