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  • Data analysis ConocoPhillips Sells San Juan Basin Assets for $3 Billion

    ConocoPhillips has entered into a definitive agreement to sell its interests in the San Juan Basin to an affiliate of Hilcorp Energy for up to $3 billion of total proceeds, comprised of $2.7 billion in cash and a contingent payment of up to $300 million.Full-year 2016 production associated with the San Juan...

    ConocoPhillips Sells San Juan Basin Assets for $3 BillionData analysis
    Headlines, Global Deals

    ConocoPhillips has entered into a definitive agreement to sell its interests in the San Juan Basin to an affiliate of Hilcorp Energy for up to $3 billion of total proceeds, comprised of $2.7 billion in cash and a contingent payment of up to $300 million.

    Full-year 2016 production associated with the San Juan Basin assets was 124 MBOE/d (80% natural gas). Cash provided by operating activities for 2016 was approximately $0.2 billion. Year-end 2016 proved reserves were 0.6 BBOE.

    The transaction is expected to close in Q3-2017.

    View ConocoPhillips press release

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