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BP markets US legacy assets to finance $10.5B BHP buy
BP has launched the sales process for seven packages of US shale assets. The British supermajor announced in August that BPX Energy, its newly named US Lower 48 Business, was targeting $5-6 billion in asset sales to pay for its $10.5 billion acquisition of Permian, Eagle Ford and Haynesville assets from BHP last year. Unnamed sources told Reuters the assets for sale could fetch over $3 billion.The marketed assets encompass ~3.4 million net acres......
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