Sixth Street to acquire US onshore midstream assets from Sixth Street for $1.5bn.

Sixth Street, a global investment firm, agreed to acquire Permian and Eagle Ford midstream assets from BP, a multinational oil and gas company, for $1.5bn. “We are pleased to welcome Sixth Street as a co-owner in our Permian and Eagle Ford midstream assets. We recognized early on that investing in midstream would be an important ingredient to our success in these basins in terms of driving value, flow assurance, and lowering emissions. This transaction reinforces that we are on track to maximize the return on our investment in these basins and allows us to continue operating them safely and efficiently," Kyle Koontz, bpx energy CEO.