BP sells stakes in US onshore assets for $1.5bn

(Sharecast News) - BP has sold its non-controlling interests in the Permian and Eagle Ford midstream of its US onshore oil and gas division for $1.5bn to funds managed by investment firm Sixth Street. The onshore oil and gas business, bpx energy, will hold a 51% stake in the Permian assets and 25% in Eagle Ford after the deal, BP said on Monday.

Bpx will remain operator of all the assets.

Reporting by Frank Prenesti for Sharecast.com