Texas Energy Giant's Sale Of San Juan Assets Closes

Houston-based ConocoPhillips (NYSE: COP) has finalized the sale of its San Juan Basin assets. The sale produced $2.5 billion in cash for ConocoPhillips after closing costs, according to a ConocoPhillips press release. On Monday Hilcorp San Juan L.P. announced it closed on an acquisition of 1.3 million net acres held by ConocoPhillips in the Four Corners region. “With the acquisition now complete, Hilcorp can start doing the technical work required to increase production in New Mexico and Colorado,…

 

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