ConocoPhillips Reportedly Close to $1.3bn Sale of Oklahoma Assets

ConocoPhillips reportedly close to $1.3bn sale of Oklahoma assets

ConocoPhillips is reportedly in advanced talks to sell assets in Oklahoma to privately owned Stone Ridge Energy for around $1.3bn.

ConocoPhillips in Talks to Sell Oklahoma Assets

One of the top U.S oil and gas producers, ConocoPhillips, is in an advanced stage of discussions to sell assets in Oklahoma to privately-held Stone Ridge Energy in a deal that could be worth about $1.3 billion, Reuters reports, citing sources with knowledge of the talks. ConocoPhillips last year acquired Marathon Oil in an all-stock deal with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. The deal expanded ConocoPhi…

What Oklahoma assets could be sold by oil and gas producer ConocoPhillips?

Oklahoma City-based Flywheel Energy, a private oil and gas company, would operate the assets on its backer's behalf, a source said.

ConocoPhillips Nears $1.3 Billion Sale of Oklahoma Assets

ConocoPhillips is in advanced talks to sell some of its Oklahoma assets to closely held Flywheel Energy for around $1.3 billion, people familiar with the matter said.

ConocoPhillips Nears $1.3 Billion Asset Sale to Flywheel Energy

ConocoPhillips is in advanced talks to sell some of its Oklahoma assets to Stone Ridge Energy-backed Flywheel Energy LLC for around $1.3 billion, as it streamlines its portfolio, people familiar with the matter said.

ConocoPhillips in talks to sell Oklahoma assets – Oil & Gas 360

(Oil Price)– One of the top U.S oil and gas producers, ConocoPhillips, is in an advanced stage of discussions to sell assets in Oklahoma to privately-held Stone Ridge Energy in a deal that could be worth about $1.3 billion, Reuters reports, citing sources with knowledge of the talks.   ConocoPhillips last year acquired Marathon Oil in an all-stock deal with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. The deal expa