BP Plc plans to lease 84,000 acres of land
Bloomberg reported that BP Plc plans to lease 84,000 acres of land for an undisclosed price as it has entered into the Utica shale formation.
BP Plc, the UK company battling a record oil spill in the Gulf of Mexico, agreed to sell assets in North America and Egypt to Apache Corp. for $7 billion as part of its plans to raise cash to fund its liabilities.