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Big Oil Company Begins Drilling in Texas Under New Name

British oil major BP is drilling under a new name in Texas and Louisiana.

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Nearly a year after buying the onshore North American assets of Australian conglomerate BHP in a $10.5 billion deal, BP has launched BPX Energy as the new operating company for the combined drilling operations. With a statewide footprint that includes hundreds of leases in the Permian Basin, Eagle Ford Shale and Haynesville Shale, BPX Energy, headquartered in Denver, registered with the Railroad Commission of Texas in August.

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