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BP Prudhoe Bay Initiates Asset Sale Process

Story Highlights
  • BP Prudhoe Bay Royalty Trust began selling its assets after the Trust ended on December 31, 2024.
  • Hilcorp North Slope, LLC declined to buy the assets, leading to a sale process with RedOaks Energy Advisors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BP Prudhoe Bay Initiates Asset Sale Process

Confident Investing Starts Here:

The latest update is out from BP Prudhoe Bay ( (BPT) ).

On June 17, 2025, BP Prudhoe Bay Royalty Trust announced the commencement of a sale process for its assets following the termination of the Trust on December 31, 2024. Hilcorp North Slope, LLC declined its option to purchase the assets, prompting the Trustee to engage RedOaks Energy Advisors, LLC to assist with the sale. The sale process includes soliciting initial bids by July 29, 2025, although there is uncertainty regarding potential bidders and the proceeds from the sale.

More about BP Prudhoe Bay

Average Trading Volume: 127,176

Technical Sentiment Signal: Sell

Current Market Cap: $16.91M

For an in-depth examination of BPT stock, go to TipRanks’ Overview page.

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