ConocoPhillips announced Thursday the completion of two transactions to sell its Niobrara and Waddell Ranch assets to undisclosed buyers.
The Niobrara assets are located in the southern Denver-Julesburg Basin. Full-year 2019 production associated with the Niobrara assets was 11 thousand barrels of oil equivalent per day (MBOED) The effective date of the transaction is June 1, 2019.
The Waddell Ranch conventional assets are located in the Permian Basin. Full-year 2019 production associated with the Waddell Ranch assets was 4 MBOED. The effective date of the transaction is Nov. 1, 2019.