Financial Times FT.com

BP expands US gas operations

By Ed Crooks

Published: July 18 2008 14:45 | Last updated: July 18 2008 14:45

BP is expanding its US gas operation, paying $1.75bn for properties in eastern Oklahoma that could hold 2,000bn cubic feet of “tight gas”: gas trapped in rocks from which it will not flow easily.

The deal is the latest example of international companies’ growing interest in tight gas, which requires advanced production methods to extract at commercially attractive rates.

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