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A&D - Hilcorp to replace BP as Alaska’s No. 3 producer for $5.6B - August 2019
After a 60-year presence in Alaska, BP struck a $5.6 billion cash deal to sell all its assets in the state to privately held E&P company hilcorp. The deal brings BP more than halfway to its target of $10 billion in divestments by 2020 to offset its acquisition of most of BHP’s US onshore portfolio last year. The supermajor said it will receive a near-term payment of $4.0 billion and the remaining $1.6 billion......
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