"This purchase is a strategic entry into an attractive and established shale basin and complements our current and the future development of our extensive unconventional gas plays throughout North America," said Andy Inglis, BP's chief executive of E&P.
The deal for the properties, which are in Atoka, Coal, Hughes and Pittsburg counties, is expected to close in August.
BP said it will initially deploy three rigs to drill at the natural gas rich-rock formation that underlies part of the Arkoma basin.
The
