BP Plc (NYSE: BP) is offering operated assets for sale in the Anadarko Basin in western Oklahoma and the Texas Panhandle.
The offer includes producing wells and behind-pipe opportunities. The assets are located in Beckham, Dewey, Roger Mills and Washita counties, Okla., and Hemphill, Lipscomb, Ochiltree and Roberts counties, Texas.
BP America Production Co., a subsidiary of the London-based company, retained The Oil & Gas Asset Clearinghouse to handle the sale.
Highlights:
- 49 operated producing wells;
- 31 behind-pipe opportunities;
- Net 10 billion cubic feet, 909 thousand barrels (Mbbl) of oil and 846 Mbbl of NGL;
- Major producing formations include, but are not limited to, the Cherokee, Cleveland, Granite Wash, Morrow and Red Fork; and
- Offset operators include Anadarko Petroleum Corp. (NYSE: APC), Apache Corp. (NYSE: APA), EOG Resources Inc. (NYSE: EOG) and Mewbourne Oil Co.
Bids are due by Oct. 12. The sale is expected to have an Oct. 1 effective date.
For information visit ogclearinghouse.com or contact Denna Arias, vice president of business development with Clearinghouse, at 832-601-7605.
Recommended Reading
Thanks to New Technologies Group, CNX Records 16th Consecutive Quarter of FCF
2024-01-26 - Despite exiting Adams Fork Project, CNX Resources expects 2024 to yield even greater cash flow.
Cheniere Energy Declares Quarterly Cash Dividend, Distribution
2024-01-26 - Cheniere’s quarterly cash dividend is payable on Feb. 23 to shareholders of record by Feb. 6.
Marathon Petroleum Sets 2024 Capex at $1.25 Billion
2024-01-30 - Marathon Petroleum Corp. eyes standalone capex at $1.25 billion in 2024, down 10% compared to $1.4 billion in 2023 as it focuses on cost reduction and margin enhancement projects.
Humble Midstream II, Quantum Capital Form Partnership for Infrastructure Projects
2024-01-30 - Humble Midstream II Partners and Quantum Capital Group’s partnership will promote a focus on energy transition infrastructure.
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.