One-Page Deal Sheet
Eagle Rock Picks Up BP's Panhandle Midstream Assets
Eagle Rock Energy Partners Lp BP Plc
Announced Date
January 28,2013
Close Date
January 28,2013
Transaction Type
Asset
Transaction Details: Subscribe to see
Eagle Rock Energy Partners LP has closed on the acquisition of BP's Texas Panhandle midstream assets on October 1, 2012 and, following the negotiated transition services period, Eagle Rock took over operations, marketing and commercial activities on January 1, 2013.
Since the closing, the Partnership has hired 78 former BP employees in the Texas Panhandle and integrated these personnel into Eagle Rock's existing organizational structure, including in a number of key leadership roles.
Eagle Rock has begun construction on the proposed gathering system interconnects and is securing the…