In 2018, BP greatly expanded its BPX Energy business when it signed a $10.5 billion deal with BHP to purchase world-class unconventional oil and gas assets in the Permian-Delaware basin in Texas, along with two premium positions in the Eagle Ford and Haynesville basins in Texas and Louisiana.
These assets currently produce 190,000 barrels of oil equivalent per day, of which about 45 percent are liquid hydrocarbons.
BPX Energy currently is the largest operator in the Colorado portion of the San Juan Basin, one of North America’s leading sources of coalbed methane gas. The business operates around 1,350 wells in the Colorado San Juan Basin, and those wells collectively span more net acres than a city twice the size of Denver.
Elsewhere in Colorado, BP Wind Energy is the operating partner of the Cedar Creek 2 wind farm in Weld County.
The 30,000-acre site has 122 turbines with a total capacity to generate about 248 megawatts of wind power, which is enough electricity to power roughly 65,000 average American homes.