The facility has the capacity to process approximately 195 million cubic feet of natural gas and 15,000 barrels of natural gas liquids and gas condensate per day.
The plant processes natural gas from the Denver Julesburg basin, an area where BP no longer has equity gas production.
Anadarko already holds a 7% interest in the Wattenberg plant and upon closing of this transaction, the company will operate and have 100% ownership of the facility.
The transaction is expected to close by mid-year, subject to regulatory approvals.
