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ConocoPhillips to Shed Cedar Creek Anticline Assets for $1.05B

Denbury Inc. ConocoPhillips
AnnouncedJan 15, 2013
TypeProperty
Announced Date
January 15,2013
Effective Date
January 01,2013
Close Date
March 27,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
1050




Snapshot
Asset/Basin:
{"Cedar Creek Anticline","Williston Basin"}
TargetZones:
{"Red River Formatio
Net Acres
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% Oil:
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Location
Country
United States

State
North Dakota


Calculated Metrics( EV/Category)
$/ Acre
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Transaction Details:  Subscribe to see

ConocoPhillips has entered into an agreement to sell its properties in the Cedar Creek Anticline for a total of $1.05 billion before customary adjustments.

ConocoPhillips has entered into an agreement with Denbury Resources Inc.’s principal operating subsidiary to sell ConocoPhillips’ properties in the Cedar Creek Anticline, comprising approximately 86,000 net acres in southwestern North Dakota and eastern Montana. ConocoPhillips’ 2012 net production from these properties averaged 13 thousand barrels of oil equivalent per day through November. The sale does not include any of ConocoPhillips’…


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United States Deal Activity In Last 12 Months


Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Nov-03-2025 - - Click here North Dakota  E&P
Jul-08-2024 - - Click here North Dakota  E&P
May-29-2024 - - Click here North Dakota  E&P
Feb-21-2024 - - Click here North Dakota  E&P
Jan-31-2024 - - Click here North Dakota  E&P

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
May-13-2025 - - Click here Montana  E&P
Jul-11-2022 - - Click here Montana  E&P
Jul-06-2022 - - Click here Montana  E&P
Aug-30-2021 - - Click here Montana  E&P
Feb-10-2021 - - Click here Montana  E&P

Price History


Date Deal Headline Price$/acre
Nov-03-2025 Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM -   8,172
Jul-08-2024 Devon To Acquired PE-Backed Grayson Mill For $5 Billion -   16,287
Feb-21-2024 Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company -   16,102