Acquisition of US shale oil and gas assets

2017 - 2018

Arnold & Porter obtained unconditional clearance for BP regarding its US$10.5 billion acquisition of the vast majority of BHP’s US shale oil and gas assets. The transaction was BP’s largest acquisition since 1999.  The acquisition transforms BP’s US onshore oil and gas business by bringing to the company extensive oil and gas production and resources in the liquids-rich regions of the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana.

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