One-Page Deal Sheet
Eagle Rock Acquires BP Granite Wash Midstream Assets
Eagle Rock Energy Partners Lp BP Plc
Announced Date
October 02,2012
Location
Region
Mid-Continent
Country
United States
State
Texas
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Eagle Rock Energy Partners announced it has closed on the previously-announced acquisition of BP America Production Company's Sunray and Hemphill processing plants and associated 2,500 mile gathering system serving the liquids-rich Texas Panhandle for $227.5 million, as adjusted under the purchase and sale agreement. In addition, per the purchase agreement, Eagle Rock and BP have entered into a 20-year, fixed-fee gas gathering and processing agreement under which Eagle Rock will gather and process BP's natural gas production from the existing connected wells. Furthermore, BP has committed…
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