BP Leaves Big Shoes to Fill

BP Leaves Big Shoes to Fill

The sale encompasses 100 percent of BP’s Alaska interests, which includes its midstream and upstream assets, BP Pipelines’ interest in the Trans Alaska Pipeline System, and a cluster of Arctic Slope Regional Corporation units located within the Arctic National Wildlife Refuge.

BP to Sell Alaska Business to Hilcorp

BP to Sell Alaska Business to Hilcorp

BP announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 billion.