ConocoPhillips sells San Juan Basin assets for up to $3 billion

By Jonathan Romeo, The Durango Herald

ConocoPhillips has announced the sale of its interests in the San Juan Basin – a natural gas and oil field that spans northwestern New Mexico and southwestern Colorado – to Hilcorp San Juan LP for up to $3 billion.

Hilcorp San Juan is a partnership between Houston-based Hilcorp Energy Co. and Washington D.C.-based The Carlyle Group, a private equity firm.

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