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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:31 EDTCOP, DNRConocoPhillips to sell Cedar Creek Anticline properties for $1.05B
ConocoPhillips (COP) has entered into an agreement to sell its properties in the Cedar Creek Anticline for a total of $1.05B before customary adjustments. ConocoPhillips has entered into an agreement with Denbury Resources Inc.’s (DNR) principal operating subsidiary to sell ConocoPhillips’ properties in the Cedar Creek Anticline, comprising approximately 86,000 net acres in southwestern North Dakota and eastern Montana. ConocoPhillips’ 2012 net production from these properties averaged 13 thousand barrels of oil equivalent per day through November. The sale does not include any of ConocoPhillips’ assets in the Bakken Formation, where ConocoPhillips owns 626,000 net acres, consisting of 207,000 net lease acres and 419,000 net mineral acres. The proposed sale of these assets is part of ConocoPhillips’ plan to increase value for shareholders through portfolio optimization, focused capital investments that deliver growth in production and cash margins, improved returns on capital, and sector-leading shareholder distributions.
News For COP;DNR From The Last 14 Days
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08:16 EDTCOPFMC Technologies signs agreement to develop susbsea equipment and systems
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July 17, 2014
07:42 EDTCOPThe Federal Energy Regulatory Commission (FERC) to hold a meeting
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July 16, 2014
12:06 EDTCOPConocoPhillips volatility flat into Q2 and outlook
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July 10, 2014
09:13 EDTCOPConocoPhillips raises quarterly dividend 5.8% to 73c per share
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