New era, new name for BP’s Lower 48 business
October 31, 2018
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$10.5 billion acquisition of BHP’s unconventional assets in U.S. now complete, as business announces new name
In a deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth, the company has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets.
The acquisition, which closed on Oct. 31, adds 190,000 barrels of oil and gas production per day and 4.6 billion oil equivalent barrels of discovered resources in the liquids-rich regions of the Permian and Eagle Ford basins…