Miller Thomson to pick up $305M in ConocoPhillips assets
June 30, 2017
Buildings and Property | Houston, TX | Corporate Divestiture
Miller Thomson & Partners has agreed to purchase assets located in the Barnett shale field of Texas from ConocoPhillips for $305 million. In 2016, the assets produced 11,000 barrels of oil equivalent per day, about 55% of which was natural gas and 45% was natural gas liquids. The assets carried a net book value of some $900 million at the end of May.