Exploration & Production

Conoco sells Barnett shale play interest

ConocoPhillips has agreed to sell its interest in the Barnett shale play in Texas to Lime Rock Resources for approximately $230 million.
By Staff reporter 3 August 2018 0 32013

United States-based ConocoPhillips has agreed to sell its interest in the Barnett shale play in Texas to Lime Rock Resources for approximately $230 million, Conoco announced on Thursday.

The Barnett assets produced an average of 9,000 barrels of oil equivalent per day in H1 2018, with gas making up 55% of this and NGLs forming the remainder.

The sale is expected to close by the end of this year.