BP sells Colorado gas and oil field stake to European firm


November 29, 2019

DURANGO, Colo. (AP) — BP American Production Co. says it has sold its stake in a Colorado natural gas and oil field to a European company.

The Durango Heralds reports the energy company agreed to a sale of its San Juan Basin assets to IKAV for an undisclosed amount.

The IKAV website indicates the company with offices in western Europe specializes in managing energy efficiency assets including renewable energy projects.

An IKAV representative declined to comment Wednesday and there was no immediate indication of its plans for the natural gas field in southwest Colorado and northern New Mex...

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