Eagle Rock to buy BP’s Texas Panhandle gas processing assets

08/20/2012
Eagle Rock Energy Partners LP, Houston, will pay $227.5 million in cash for two BP America Production Co. processing plants and associated gathering that serves the Texas Panhandle. At the planned Oct. 1 closing, Eagle Rock said it and BP will enter into a 20-year, fixed-fee gas gathering and processing agreement under which Eagle Rock will gather and process BP’s production from existing connected wells. Under the agreement’s terms, BP and its joint venture partners will commit to Eagle Rock all future gas production from new wells drilled within an initial 2 years and within a 2-mile radius of the existing gathering system. Panhandle system BP’s Panhandle system encompasses about 350,00...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected