bpx energy
bp’s US onshore oil and gas business
bpx energy operates in the Permian and Eagle Ford basins in Texas, as well as in the Haynesville Basin, which stretches across Texas and Louisiana. The business focuses on safely producing high-margin barrels of oil – while lowering emissions.
High-margin barrels produced responsibly
In 2023, our US onshore oil and gas business bpx grew production by 13% year-on-year. We’re driving toward a 30-40% increase in production by 2025 compared to where we were in 2022.
A snapshot of bp’s US investment
- >650,000 barrels of oil equivalent per day expected by 2030
- ~$2.5bn average annual capital expenditure from 2024 to 2030
- 60% decrease in methane intensity, from 2020 to 2022
Learn more
Aiming for zero routine flaring and lower emissions
In 2021, we announced our aim to achieve zero routine flaring in our US onshore operations by 2025. We plan to accomplish this primarily through significant investments in new and upgraded infrastructure.
In 2023, we deployed continuous methane measurement across all our existing major upstream oil and gas assets, a critical milestone in our aim to drive a 50% reduction in methane intensity across our operations.
Explore our bpx energy operations across the US
Colorado
In September 2018, bpx energy formally opened its new, 160,000-square-foot headquarters in Denver. From there, bpx manages one of America’s largest oil and gas producers and assets. Along with our headquarters, bp supports more than 900 jobs throughout the state and has spent more than $1.6 million within local communities in support of education, the environment and Denver homeless shelters since 2017.
Louisiana
After completing a $10.5 billion acquisition of BHP’s shale assets, bpx energy took over operations in early 2019 of vast new premium positions in Texas and Louisiana. The deal represents bp’s largest purchase since buying ARCO in 1999. In Louisiana, bpx energy has production in the Haynesville basin.
Texas
Our shale assets acquired from BHP span across three basins in Texas: the Permian, Eagle Ford and Haynesville. In April 2021, we commissioned our new state-of-the-art Grand Slam facility near Orla, Texas.
Grand Slam is a highly automated, electrified central oil, gas, and water handling facility that reduces operational emissions and improves efficiency. It is the largest infrastructure project to date for bp’s US onshore business and a leading design concept. It’s anticipated that as a result of Grand Slam, and other investments in electric infrastructure, over 95% of bp’s Permian operated wells will be electrified by 2023.
In December 2021, MiQ – an independent, not-for-profit Foundation established to facilitate a rapid reduction in methane emissions from the oil and gas sector – certified our South Haynesville’s natural gas with an A grade for methane emissions performance. An “A” grade represents very low methane intensity (<0.05%) from the 70 wells that make up bpx’s South Haynesville Facility in Texas. With this certification, bp became the first international energy producer to differentiate its natural gas through MiQ.