ConocoPhillips to Buy Permian Shale Producer Concho Resources in All-stock Deal
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Delaware Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
$13,300.0MM
Description
Acquired Permian pure-play Concho Resources in an all-stock deal that swaps 1.46 shares of ConocoPhillips for each Concho share; includes a roughly 800,000 gross (550,000 net) acre position in both the Delaware and Midland sub-basins.