Deals
BP Sells Wyoming Gas Assets to Linn Energy for $1.03 Billion
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BP Plc, the energy producer that’s disposing of assets to help pay for the 2010 Gulf of Mexico oil spill, agreed to sell its stake in Wyoming natural-gas fields to Linn Energy LLC for $1.03 billion.
The deal, which includes the Jonah and Pinedale operations, brings BP’s divestitures to about $24 billion since the start of 2010, with the target remaining at $38 billion by the end of next year, the London-based company said in a statement today. The sale includes proved reserves equivalent to about 730 billion cubic feet of gas.