HOUSTON, July 1, 2020 - On July 1, 2020, BP confirmed its completion of the sale of its upstream Alaska business to Hilcorp and operations of the Prudhoe Bay oil field transferred to Hilcorp. 

In August 2019 BP announced it would exit Alaska, selling its business to Hilcorp for a total consideration of $5.6 billion.

BP and Hilcorp continue to work with regulators to complete the midstream sale, including transferring BP’s interest in TAPS.

Baker Botts continues to represent BP on the midstream sale in Alaska.

Baker Botts Lawyers/Offices Involved:

Energy Projects: Dan Mark (Partner, Houston); Craig Vogelsang (Partner, Houston); Luke Burns (Senior Associate, Houston); Branden Lankford (Associate, Houston); Joyce Banks (Associate, Houston)

Corporate: Justin Hoffman (Partner, Houston); Katie Belleville (Associate, Houston); Stephen Noh (Associate, Houston)

Tax: Robert Philpott (Partner, Houston); Renn Neilson (Partner, Houston); Ben Geslison (Senior Associate, Houston); Thor Fielland (Associate, Houston)

Finance: Rachael Lichman (Partner, Houston); Dan Tristan (Partner, Houston); Clint Culpepper (Senior Associate, Austin); Josh Espinosa (Associate, Dallas)

Financial Restructuring: Omar Alaniz (Partner, Dallas)

Litigation: Brooke McNabb (Partner, Houston); Kim White (Senior Associate, Houston)

For more information, please see BP’s news release here. 

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