ConocoPhillips Announces Completion of All-Cash Permian Asset Acquisition
December 02, 2021
December 02, 2021
HOUSTON, Texas, Dec. 2 -- ConocoPhillips, a producer of oil and gas resources, issued the following news release on Dec. 1, 2021:
ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Shell Enterprises LLC's prolific Delaware basin position for $9.5 billion in cash. After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion, with an effective date of July 1, 2021. The assets include ~225,000 net acres and produ . . .
ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Shell Enterprises LLC's prolific Delaware basin position for $9.5 billion in cash. After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion, with an effective date of July 1, 2021. The assets include ~225,000 net acres and produ . . .