Conocophillips announces agreement to acquire liquids-rich montney acreage from kelt exploration

Conocophillips announces agreement to acquire liquids-rich montney acreage from kelt exploration ltd..conocophillips - deal for cash consideration of approximately $375 million.conocophillips - deal for cash consideration of approximately $375 million before customary adjustments.conocophillips - attributes for transaction include adding over 1 billion bboe high-value resource with an all-in cost of supply of mid-$30s (wti basis).conocophillips - deal includes assumption of about $30 million in financing obligations for associated partially owned infrastructure.conocophillips - initiated production from its montney development in q1 of 2020.conocophillips - production associated with acquired asset is about 15 thousand barrels of oil equivalent per day.
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