Tuesday, March 29, 2011

BP Tuscaloosa Asset Sale

Last fall, BP announced that they were selling 100% of their deep Tuscaloosa assets.  It was rumored that in October, five companies were submitting bids.  In January, it was rumored that an offer had been accepted. Today, it's rumored that the deal has fallen apart for unknown reasons.  If true, it will be interesting to see BP's next move in the trend.

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