ConocoPhillips sells Barnett shale interest

ConocoPhillips sells Barnett shale interest
Image courtesy of ConocoPhillips

Houston-based ConocoPhillips has agreed to sell its interest in the Barnett shale play to Lime Rock Resources. 

According to the company’s statement, the transaction is valued at approximately $230 million.

Proceeds from this transaction will be used for general corporate purposes, ConocoPhillips said.

Production associated with the Barnett assets for the first half of 2018 averaged 9 thousand barrels of oil equivalent per day, of which approximately 55 percent was natural gas and 45 percent was natural gas liquids.

While the transaction is subject to specific conditions precedent being satisfied and is expected to close by year-end 2018.

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >