No account yet?
Subscription Options
Subscribe via RSS, or
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News

A feed could not be found at

Stars Recent Headlines
Good News Dallas
BP to Sell-Off Texas Panhandle Assets Print E-mail
by Tom McGregor    Tue, Apr 15, 2014, 09:05 PM

Oil giant, British Petroleum is continuing to dump its assets held in the Untied States.

According to the Houston Chronicle, "BP is taking bids on its rights to about 280,000 gross acres of natural gas-rich properties in the Texas Panhandle, a spokesman said late Tuesday."

BP struggles to overcome its disastrous public relations blunders after an offshore oil well spilled millions of gallons of oil near the Louisiana Coast in the Gulf of Mexico.

As reported by the Houston Chronicle, "The British oil company, which is planning to sell off $10 billion in assets over the next two years, produces about 4,000 barrels of oil equivalent per day in Sherman County and Moore County, about 650 miles northwest of Houston, BP spokesman Brett Clanton said Tuesday."

BP is hoping to sell its Texas Panhandle assets for $400-500 million.

To read the entire article from the Houston Chronicle, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Share This Story on Facebook
Comments (0)add comment

Write comment
smaller | bigger

< Prev   Next >