Shell to Exit Permian Basin in $9.5 Billion Sale to ConocoPhillips
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Estimated Price
$9,500.0MM
Description
Acquired Shell’s Permian business comprising approximately 225,000 net acres within the Delaware Basin located entirely in West Texas with current production of around 175,000 boe/d.