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BP Expands Lower 48 Portfolio With Devon's Natural Gas-Rich Assets in San Juan Basin

NGI's Shale Daily   18 December 2015   USA   San Juan  

BP plc's Lower 48 onshore business on Friday snapped up all of Devon Energy Corp.'s natural-gas rich San Juan Basin assets, including 480 wells spread across 33,000 gross acres, in the "first major acquisition" by the business in seven years.

The deal by the Houston-based arm of BP for an undisclosed amount significantly expands the operator's portfolio in an area of the San Juan in New Mexico near the Colorado border. BP has had a presence in the basin since the 1920s.

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