bpx energy
bp’s US onshore oil and gas business
bpx energy operates in the Permian and Eagle Ford basins in Texas, as well as in the Haynesville Basin, which stretches across Texas and Louisiana. The business focuses on safely producing high-margin barrels of oil while driving down emissions.
High-margin barrels produced responsibly
In 2023, bpx grew production by 13% year-on-year. The business is driving toward a 30-40% increase in production by 2025 compared to where we were in 2022.
A snapshot of bp’s US investment
- >650,000 barrels of oil equivalent per day expected by 2030
- ~$2.5bn average annual capital expenditure from 2024 to 2030
- 60% decrease in methane intensity, from 2020 to 2022
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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 Haynesville Basin in Texas and Louisiana. bp supports more than 1,900 jobs throughout the state and has spent more than $1.5 million within local communities in support of education, the environment and Denver homeless shelters since 2019.
Louisiana
After completing a $10.5 billion acquisition of BHP’s shale assets, bpx energy took over operations in early 2019 of vast new premium positions in Texas and Louisiana. The deal represents bp’s largest purchase since buying ARCO in 1999. In Louisiana, bpx energy has production in the Haynesville Basin.
Texas
bpx energy operates in Texas’s Permian, Haynesville and Eagle Ford basins. In the Permian, bpx’s three central processing facilities – Grand Slam, Bingo and Checkmate – help the business decarbonize its existing production, centralizing delivery of oil and gas to reduce emissions at the source.
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.