Maverick to Buy ConocoPhillips Permian Basin Assets for $440 Million

To buy certain producing properties in the Permian Basin spanning 144,500 net acres across the Central Basin Platform and Northwest Shelf in Andrews and Ector counties, TX, and Eddy and Lea counties, NM; assets are largely operated and HBP and average more than 11,000 boe/d (50% oil) of production. (Expected to close 2Q 2022)