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Eagle Rock Partners to buy BP's natural gas plants in Texas

Fri, 10th Aug 2012 21:43

Aug 10 (Reuters) - Eagle Rock Energy Partners LP said it will buy two natural gas processing p

lants in Texas and associated gathering system from BP America Production Co for $227.5 million in cash.

Eagle Rock will gather and process BP's natural gas production from the existing connected wells for 20 years under the terms of the agreement.

The two processing plants in Sunray and Hemphill have a processing capacity of about 220 mmcf/d and 2,500 miles of gathering pipelines serving over 350,000 acres in Texas. (Reporting by Sunayan Bhattacharjee in Bangalore) Keywords: EAGLEROCKENERGYPARTNERS DEAL/

(sunayan.bhattacharje@thomsonreuters.com, within U.S. +1 646223 8780, outside U.S. +91 80 4135 5800, Reuters Messaging: sunayan.bhattacharje.reuters.com@reuters.net)

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