BP BP announced today that it has agreed to sell its
interests in the Hugoton, Kansas, Jayhawk gas processing plant and associated
producing gas fields in Kansas to an affiliate of LINN Energy, LLC LINE.
Under the agreement, LINN Energy has agreed to pay BP $1.2bn in cash.
Completion of the agreement is subject to closing conditions including the
receipt of all necessary governmental and regulatory approvals. The sale is
currently expected to complete on 30 March, 2012.
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