BP sells 2 Texas gas plants to Eagle Rock Energy

Published November 20, 2014

Oil company BP is selling two gas processing plants in Texas to Eagle Rock Energy Partners.

BP said Monday that Eagle Rock Energy Partners is paying $227.5 million in cash for the Sunray and Hemphill gas processing plants in Texas. The plants have a combined capacity of 220 million cubic feet of gas per day and a gathering system of about 2,500 miles (4,000 km) of pipelines.

Houston-based Eagle Rock Partners says the deal includes a 20-year agreement to process BP's natural gas production from the existing wells connected to the two plants.

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https://www.foxnews.com/world/bp-sells-2-texas-gas-plants-to-eagle-rock-energy