ConocoPhillips

ConocoPhillips has retained Scotia Waterous (USA) Inc. to sell its 57.3% nonoperated working interest (43.7% net revenue interest) in the producing Eugene Island 24 Field in shelf waters in the Gulf of Mexico. The Eugene Island 24 Field is south of Iberia Parish, Louisiana, in 11 feet of water and comprises 5,000 gross acres (2,865 net). The block is a federal lease but close to Louisiana state leases and lies in the Cib Op producing trend. Chevron is operator. The field produces gas condensate of approximately 2.2 million cubic feet per day net from two wells with another well shut in. Reserve potential is under evaluation; additional upside may be realized through known behind-pipe opportunities. The data room is open. The bid due date is May 1. The closing date is May 15. Contact Ken Becker, 832-476-6405.