One-Page Deal Sheet
BP To Sell Texas Panhandle Midstream Assets
Eagle Rock Energy Partners Lp BP Plc
Announced Date
August 11,2012
Transaction Type
Asset
Transaction Details: Subscribe to see
BP America Production Company announced today that it has agreed to sell its Sunray and Hemphill gas processing plants in Texas, together with their associated gas gathering system, to Eagle Rock Energy Partners for $227.5 million in cash.
The Sunray plant, in Moore County, and the Hemphill plant, in Hemphill County, have combined processing capacity of approximately 220 million cubic feet of gas a day (mmcf/d) and an associated gathering system of around 2,500 miles of pipelines.
BP believes these assets, which serve BP’s natural gas production in the Texas Panhandle region, will be more…
The Sunray plant, in Moore County, and the Hemphill plant, in Hemphill County, have combined processing capacity of approximately 220 million cubic feet of gas a day (mmcf/d) and an associated gathering system of around 2,500 miles of pipelines.
BP believes these assets, which serve BP’s natural gas production in the Texas Panhandle region, will be more…