ConocoPhillips of the US has sold off non-core gas assets in the Texas Panhandle region for about $200 million, writes Luke Johnson.
The package comprises roughly 830,000 leasehold acres with 43,000 net mineral acres, Upstream understands.
Production from the acreage averaged about 8000 barrels of oil equivalent per day in 2016, mostly of natural gas.
Output is primarily from the Hugoton gas formation and deeper liquids-rich, tight-gas Redfork, Granite Wash, Atoka and Morrow formations.
