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A&D - Conoco exiting DJ Niobrara for $380MM after almost a decade - February 2020



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ConocoPhillips announced Feb. 4 the pending sales of its entire Niobrara shale position in Colorado’s DJ Basin for $380 million and its Waddell Ranch property on the Permian’s Central Basin Platform for an undisclosed sum. The Niobrara sale, reportedly to DJ Basin pure-play Crestone Peak Resources , will end the company’s near decade-long presence in the area. Between these deals and a $1.465 billion Australian divestment announced in October, Conoco expects to receive proceeds......
 
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