Wood Mackenzie

Off the back of the announcement today from ConocoPhillips' on the sale of their San Juan Basin assets to Hilcorp Energy Company affiliate, we provide a quick reaction to this major deal announcement. The total consideration of the deal is up to US$3 billion, with US$2.7 in cash and a contingent payment of up to US$300 million, making this deal one of largest in the US Rockies region in recent memory as well as one of the few US L48 deals outside of the Permian this year.