BP (NYSE: BP) has announced the sale of non-controlling interests in its Permian and Eagle Ford midstream assets to funds managed by Sixth Street for total consideration of $1.5 billion. The assets are held by BP’s U.S. onshore subsidiary, bpx energy, and include an extensive portfolio of pipelines and processing facilities that support upstream production in two of the most active shale basins in North America.
BP Monetizes U.S. Midstream Stakes — $1.5 Billion Sale to Sixth Street Signals Continued Confidence in Permian and Eagle Ford Assets
