ConocoPhillips agrees to sell Barnett assets for $230 million

ConocoPhillips has agreed to sell its interests in the Barnett shale play to Lime Rock Resources, Houston, for $230 million plus net customary adjustments. Production associated with the assets for the first half of the year averaged 9,000 boe/d, of which 55% was natural gas and 45% was natural gas liquids, ConocoPhillips said.


Source: News