Plains Exploration & Production to Acquire Oil and Gas Fields in Gulf of Mexico from BP New Report
Plains Exploration & Production Company (PXP) agreed to acquire certain deepwater oil and gas fields in the US Gulf of Mexico, from BP Exploration & Production Inc. and BP America Production Company, both subsidiaries of BP p.l.c (BP), for a purchase consideration of $5.55 billion in cash. The transaction will have an effective date of October 1, 2012.
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