Eagle Rock Energy (EROC) agrees to acquire BP's Texas Panhandle midstream system for $227M in...

|About: Eagle Rock Energy Partners,... (EROC)|By:, SA News Editor

Eagle Rock Energy (EROC) agrees to acquire BP's Texas Panhandle midstream system for $227M in cash. Eagle Rock and BP also enter into a 20-year, fixed-fee agreement in which EROC will gather and process BP's natural gas production from the existing connected wells.