TRANSOK TO BUY TEX/CON TRANSMISSION ASSETS

Transok Inc., Tulsa, has agreed in principle to acquire the gas transmission and marketing assets of Tex/Con Inc. from parent BP Exploration. In addition, BP has received a number of offers for Tex/Con's exploration and production assets and says it plans to announce the successful bidder "in due course." Terms of the tentative deal aren't disclosed. Tex/Con, Houston, as a wholly owned subsidiary holds BP's U.S. Lower 48 exploration/production and natural gas transmission/marketing

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home