ConocoPhillips (COP) Sees $120M Benefit to Q4 Results from Cedar Creek Sale
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Denbury Resources (DNR) To Acquire Properties Valued at $1.05 Billion
January 15, 2013 7:33 AM ESTDenbury Resources Inc. (NYSE: DNR) today announced that it has entered into an agreement to acquire producing property interests in the Cedar Creek Anticline ("CCA") of Montana and North Dakota from a wholly-owned subsidiary of ConocoPhillips (NYSE: COP) for $1.05 billion cash. The assets to be purchased include additional interests in certain of Denbury's existing operated fields in CCA along with operating interests in other CCA fields.
The acquisition is subject to satisfactory completion of customary title and environmental due diligence, as well as the satisfaction of... More
