BPX Energy, the U.S. unit of BP, is beginning to develop holdings in the Delaware Basin the parent company acquired in 2018 from BHP Billiton in a $10.6 billion deal. “The Permian will provide significant growth for us in the next five years,” Will Burton, vice president-midstream operations, told Midland Reporter Telegram. The first step, he said, is building the company’s midstream infrastructure, including pipelines and gathering lines for gas, oil and water and nine central delivery points with adjoining water disposal facilities. The first central delivery point is under construction in the Orla region of Reeves County to be completed by yearend.
Burton said BPX will begin ramping up its drilling operations and carry through the next four to five years. “By operating our midstream infrastructure,” he added, “it is the best way to get all our resources in a cost-efficient, environmentally friendly way.”