ConocoPhillips Buys Land in the Montney Shale Oil Play

  • Jul 23, 2020 NZST
  • Team Kalkine
ConocoPhillips Buys Land in the Montney Shale Oil Play

ConocoPhillips- the United States oil behemoth buys land from Kelt Exploration Ltd for USD 375 million in the Montney shale oil play, Canada.

  • The newly purchased 140,000 acres in British Columbia is adjacent to the existing Montney lands of the Company, allowing to extend the existing operations.
  • The purchase deal came three years after the Company sold its Canadian assets to Cenovus Energy.

 


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