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Stock Market & Financial Investment News

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January 28, 2013
16:43 EDTEROCEagle Rock Energy closed on BP Texas Panhandle midstream assets
Eagle Rock closed on the acquisition of BP's Texas Panhandle midstream assets on October 1 and, following the negotiated transition services period, Eagle Rock took over operations, marketing and commercial activities on January 1, 2013. Since the closing, the Partnership has hired 78 former BP employees in the Texas Panhandle and integrated these personnel into Eagle Rock's existing organizational structure, including in a number of key leadership roles. Eagle Rock has begun construction on the proposed gathering system interconnects and is securing the materials and necessary right-of-ways to complete these projects.
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