ConocoPhillips Sells San Juan Assets To Hilcorp For $3 Billion
Transaction Type
Sellers
Basin
San Juan Basin
Announce Date
Post Date
Close Date
Estimated Price
2.8BB
Description
Bought ConocoPhillips' interests in the San Juan Basin, which cover about 1.3 million acres in NM and CO with 124,000 boe/d (80% gas) of full-year 2016 production. (Price includes $2.5 billion cash, down from the original $3 billion cash, and $300 million contingency payments)
ConocoPhillips Sells San Juan Assets To Hilcorp For $3 Billion