ConocoPhillips is eyeing a sale of Permian Basin assets as the producer works to close a $22.5 billion acquisition of Marathon Oil.
Houston-based ConocoPhillips is exploring a sale of non-core assets in the Permian鈥檚 Delaware Basin that could fetch over $1 billion, according to Oct. 30 news reports. The company has tapped RBC Capital Markets to run a sales process for the assets, according to a Reuters report.
The package includes 55,000 net acres in the Delaware Basin. Production is estimated to reach around 17,000 boe/d by year-end.
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