Current COP Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

ConocoPhillips Alaska (stock ticker: COP) has forged an agreement with Caelus Natural Resources Alaska, a small, private E&P, to acquire 100% of Caelus’s holding in the Nuna discovery.

The land in question is located just east of the Colville river, approximately five miles southwest of the Oooguruk field. The purchase will give ConocoPhillips 21,000 new acres to work with, comprised of 11 different tracts.

Source: ConocoPhillips Alaska

“This transaction represents an attractive addition to our expanding North Slope position,” said Joe Marushack, president of ConocoPhillips Alaska. “[It] will allow ConocoPhillips to cost effectively develop Nuna utilizing Kuparuk River ...

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