(MENAFN) British Petroleum (BP) agreed to give up two gas processing plants in Texas to Eagle Rock Energy Partners, AP reported.
Eagle Rock Energy Partners will pay USD227.5 million in cash for the Sunray and Hemphill gas processing plants in Texas, BP said.
Eagle Rock Partners said that the deal includes a 20-year agreement to process BP's natural gas production from the existing wells connected to the two plants.
The plants have a total capacity of 220 million cubic feet of gas per day and a gathering system of about 2,500 miles (4,000 km) of pipelines.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.