UK-based BP has found itself in a giant pickle since the multinational supermajor launched a 2020 strategy to jump aboard the renewable energies train. Regrets? Let’s just say it’s had a few, starting with a grand intention to build an offshore wind portfolio, overpaying for assets that would take years to generate revenue much less turn a profit, and building a mountain of debt to the eye-ball-popping chagrin of its shareholders.

Reese Energy Consulting today is following the latest news from BP, whose debt slashing continues with more U.S. assets up for grab. A little backstory: The company in June announced scaling down its renewables ambitions as shareholders pounced like rabid wolverines on BP’s poor stock performance. BP acknowledged those grievances in September by announcing a renewed focus on oil and gas and putting a for-sale sign on its 10 onshore, hooked-to-the-grid U.S. wind assets that stretch across seven states. The company then reported a 3Q debt load of $24.3 billion and later teased the sale of a minority interest in its U.S. wind assets.

BP is now seeking buyers for an up to 49% stake in its U.S. natural gas system that could knock off $3 billion from its debt plate. Assets include 1,500 miles of pipelines that flow 1.1 MMBPD of crude oil, natural gas, and other fuels across Calif., Colo., Ill., Ind., Kan., and Ky. Whether this sale helps create a “simpler” giant, that’s anyone’s guess. Meanwhile, a giant opportunity could await another midstreamer here at home.