General News | Deals - Acquisition, Mergers, Divestitures
Conoco Reveals Q1 2018 Deal Activity; Sales, Acquisitions
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Conoco has reported a corporate update including several recent acquisitions and asset sales:
Montney - The company has acquired additional acreage near its exisiting position - click here for more information Louisiana Austin Chalk - In February, the company announced that it had acquired approximately 245,000 net acres of early life-cycle unconventional acreage in the Lower 48 for very low entry cost. The company today identified that most of the acreage is in the Austin Chalk play in central Louisiana. The company expects to drill several exploration wells in the new position starting in 2018, which will be funded from within the company's announced exploration budget.Asset Sale - In the first quarter of 2018, the company closed or entered definitive agreements for approximately $…
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