One-Page Deal Sheet
BP Selling Entire Alaskan Portfolio to Hilcorp for $5.6B
Hilcorp Energy Company BP Plc
Announced Date
August 27,2019
Close Date
July 01,2020
Transaction Type
Property
Enterprise Value (EV)($MM)
5600
Asset/Basin:
{"Alaska North Slope","Prudhoe Bay"}
Location
Calculated Metrics( EV/Category)
Region
United States
Country
United States
State
Alaska
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
BP has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 billion.
The deal was finalized on July 1, 2020.
The sale will include BP’s entire upstream and midstream business in the state, including BP Exploration (Alaska) Inc., that owns all of BP’s upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.’s interest in the Trans Alaska Pipeline System (TAPS).
Under the terms of the agreement, Hilcorp will pay BP a…
United States Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Dec-17-2018 |
-  |
- |
Click here | E&P | |
| Nov-21-2018 |
- |
- |
Click here | E&P | |
| Sep-13-2018 |
- |
- |
Click here | E&P | |
| May-29-2018 |
- |
- |
Click here | E&P | |
| Feb-01-2018 |
- |
- |
Click here | Alaska | E&P |
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jul-03-2018 |
- |
- |
Click here | Alaska | E&P |
| Feb-01-2018 |
- |
- |
Click here | Alaska | E&P |
| Aug-14-2014 |
- |
- |
Click here | Alaska | E&P |
| Aug-14-2014 |
- |
- |
Click here | Alaska | Midstream |
| May-14-2014 |
- |
- |
Click here | Alaska | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| May-14-2014 | Miller Energy Resources Acquires Savant Alaska LLC | -
|
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| Mar-01-2010 | GeoPetro Resources Announces Sale of Cook Inlet Project | -
|
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