Published on 1 Jul 2022 on Hart Energy via Yahoo Finance
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Oil and Gas Investor
BP Plc came around to putting together a sizeable U.S. shale portfolio later than other operators. But it wasn’t late in terms of the price paid in 2018, and the value the properties are returning. It gained 190,000 boe/d (45% liquids) from BHP Group Ltd., gaining 470,000 net acres in the Haynesville, Eagle Ford and Delaware Basin for $10.5 billion—the largest BP acquisition in more than 20 years.