Green Touch Builders | ConocoPhillips reportedly plans to sell U.S. assets
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April 13, 2015 By SEO Admin

ConocoPhillips reportedly plans to sell U.S. assets

ConocoPhillips (NYSE: COP) is getting ready to sell more assets, this time in the U.S., according to an exclusive Reuters report.

Sources told Reuters the Houston-based oil and gas giant hired Wells Fargo & Co. (NYSE: WFC) to sell some of its noncore oil and gas producing acreage in several areas in the U.S., including Texas.

Although the sources did not specify the value of the assets, Reuters reports that industry sources estimate ConocoPhillips would sell between $1 billion and $2.5 billion…