Lime Rock to buy certain Oklahoma assets from BP

Lime Rock Resources, Houston, has agreed to acquire from BP America Production Co. certain oil and natural gas properties in Cleveland and McClain counties, Okla.

The properties lie 50 miles east of Lime Rock’s existing Norge unit operations that it acquired in 2014. The Norge-Marchand acquisition of oil-weighted assets in Oklahoma in 2014 added to Lime Rock’s core Midcontinent operating area.

The transaction is expected to close in this year’s third quarter, subject to customary closing conditions.