In August 2019 BP announced it would exit Alaska, selling its business to Hilcorp Alaska and its affiliates for a total consideration of $5.6 billion. The sale included BP’s entire upstream and midstream business in the state.
BP p.l.c. is a global energy producer with operations in nearly 80 countries.
The Baker Botts team for the midstream closing was led by partner Dan L. Mark, and included Robert Phillpott, Katie Belleville, Branden Lankford, and Thor Fielland.
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