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
$2,800.0MM
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