Vinson Reps Anadarko In $576M BP Asset Buy

Law360, New York (March 23, 2011, 2:25 PM EDT) -- A BP PLC unit said Tuesday it planned to sell its stake in a Colorado natural gas processing plant to Anadarko Petroleum Corp. for a $575.5 million cash payment.

BP America Production Co. said it would unload its 93 percent interest in the Wattenberg, Colo., plant, which processes natural gas from a basin where BP no longer has equity gas production. The sale would give Anadarko full ownership of the plant.

The facility processes gas from the Denver-Julesburg Basin, where Anadarko said it holds roughly 900,000...
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