bpx energy
bp’s US onshore oil and gas business
bp’s US onshore oil and gas business, bpx energy, has delivered some of the most productive and highest-value oil and gas wells in America, while prioritizing safety.
High-margin barrels produced responsibly
bpx energy operates in the Permian and Eagle Ford basins in Texas, as well as the Haynesville Basin in Texas and Louisiana, focusing on safely producing high-margin barrels while lowering emissions. The business achieved its target of boosting output by 30-40% by 2025, from 2022 levels, one year ahead of schedule.
bpx is improving its drilling program, leveraging the latest technology and driving innovation wherever possible. The business uses proprietary automation software that reduces cycle times and drives further efficiencies in its operations.
A snapshot of bp’s US investment
- >430,000 barrels of oil equivalent per day in 2024
- >650,000 barrels of oil equivalent per day expected by 2030
- ~$2.5bn average annual capital expenditure from 2025 to 2030
Learn more
Explore our bpx energy operations across the US
Colorado
In September 2018, bpx energy formally opened its 160,000-square-foot headquarters in Denver. From there, bpx manages world-class assets in the Permian and Eagle Ford basins in Texas, and the Haynesville Basin in Texas and Louisiana. bp supports more than 2,000 jobs throughout the state and spent more than $1.4 million within local communities between 2020 and 2024.
Louisiana
After completing a $10.5 billion acquisition of BHP’s shale assets, bpx energy in early 2019 took over operations of vast premium positions in Texas and Louisiana. The deal represented bp’s largest purchase since buying ARCO in 1999. In Louisiana, bpx has production in the Haynesville Basin.
Texas
bpx energy operates in Texas’s Permian, Haynesville and Eagle Ford basins.
In the Permian, bpx built four central processing facilities – Grand Slam, Bingo, Checkmate and Crossroads – that have a combined throughput capacity of more than 100,000 barrels of oil and 600 million standard cubic feet of gas per day. Through these facilities, which are connected to pipelines to market bpx’s production, the business continues to grow cash flow while prioritizing safety and lowering emissions.
In 2023, bpx achieved its goal of electrifying 95% of its wells in the Permian to reduce operational emissions. Compared to gas-driven power generators, electrification is a cleaner, more reliable and cost-effective way to distribute power across an oilfield.
Through 2024, bpx achieved a 36% reduction in its operated emissions compared to 2019 levels. Some of the main drivers for this improvement are the centralization of facilities and electrification of its operations in the Permian.
Featured stories
-
Here’s how bp thinks about safetybp’s most senior safety executive, Fuzzy Bitar, explains how our Safety Leadership Principles define the attitudes, mindsets and behaviors that will help us continue building a culture where safety can thrive. -
Texas, the dynamic hub of America’s energy futurebp America’s chairman explains how the company – and Texas – is building the energy system of today, and tomorrow.