BP (NYSE:BP) confirmed Tuesday they're going ahead with plans to sell the Wattenberg Gas Plant, located in Aurora, Colorado, near Denver.
This is part of the ongoing strategy of selling assets to raise $30 billion to pay for the Gulf of Mexico cleanup and ongoing claims.
The major purpose of the plant is to process natural gas from the Denver Julesburg Basin.
Being a quality plant, BP expects to only have to market it over the next month or so before finding a buyer, and then should close the deal sometime in November or December, depending on how long it takes to transition to the new owner.
At capacity it operates 195 million cubic feet of gas a day while employing close to 24 employees.
BP spokesman Daren Beaudo wouldn't comment on what the company is asking for the asset.
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