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Scout Energy Management Acquires Permian Basin Assets from ConocoPhillips

Oil Gas Leads

In this case, the permits in question fall under Permit by Rule (PBR) , a streamlined authorization process designed for facilities that meet specific emissions and operational criteria. This move is part of a broader trend where large energy companies streamline their portfolios following major mergers and acquisitions.

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ConocoPhillips Q4 2024 Earnings Call: Key Updates on the Permian Basin

Oil Gas Leads

.” Nick Olds, EVP of Lower 48 Non-Core Asset Divestitures in the Permian As part of its portfolio optimization strategy , ConocoPhillips announced the sale of non-core Permian assets for $600 million , with the transaction expected to close in the first half of 2025. “We dont see anything different from the acquisition case.

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