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BP buys big into Permian, U.S. shale with $10.5 billion deal

August 25, 2020 by

The sale represents a major turnaround for BP as it seeks to grow again after the 2010 Deepwater Horizon tragedy in the Gulf of Mexico. The deal includes all of BHP’s acreage in West Texas’ booming Permian Basin, South Texas’ Eagle Ford shale and Louisiana’s Haynesville shale.

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