Plains Exploration (PXP) to Acquire $5.55B of BP (BP) Gulf Assets
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BP plc (BP) Completes $5.6B Gulf Asset Sale to Plains (PXP)
November 30, 2012 11:08 AM ESTBP plc (NYSE: BP) has completed its sale of a number of oil and gas fields in the deepwater US Gulf of Mexico to Plains Exploration & Production Company (NYSE: PXP).
As announced on 10 September, BP agreed to sell the fields to PXP for $5.55 billion in cash subject to customary post-closing adjustments, with an effective date of October 1, 2012. The deal, which included... More
BP plc (BP) Completes $5.6B Gulf Asset Sale to Plains (PXP)
November 30, 2012 11:08 AM ESTBP plc (NYSE: BP) has completed its sale of a number of oil and gas fields in the deepwater US Gulf of Mexico to Plains Exploration & Production Company (NYSE: PXP).
As announced on 10 September, BP agreed to sell the fields to PXP for $5.55 billion in cash subject to customary post-closing adjustments, with an effective date of October 1, 2012. The deal, which included... More
