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ConocoPhillips completes its $9 5 billion buy of Shell s Delaware basin position

“This deal was justified on three key merits: it meets our rigorous cost of supply framework, we see a way to drive efficiencies from the assets, and the transaction makes our 10-year plan better,” said Ryan Lance, ConocoPhillips chairman and CEO.

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US: ConocoPhillips announces completion of all-cash Permian asset acquisition

ConocoPhillips has completed its acquisition of Shell s prolific Delaware basin position for $9.5 billion in cash. Estimated 2022 production from these assets is expected to be approx. 200 MBOED, roughly half of which is operated.

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ConocoPhillips Completes $9 5B Shell Deal

The assets include around 225,000 net acres and producing properties located entirely in Texas.

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- ConocoPhillips Announces Completion of

- ConocoPhillips Announces Completion of
euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.

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ConocoPhillips Announces Completion of All-Cash Permian Asset Acquisition

ConocoPhillips Announces Completion of All-Cash Permian Asset Acquisition
financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.

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