By OGJ editors
HOUSTON, Apr. 1 -- XTO Energy Inc. and ConocoPhillips agreed to trade producing properties, primarily in Texas and New Mexico with production of 1,800 boe/d.
The Fort Worth independent said that the transaction adds working interests to its operated properties in the East Texas Freestone Trend, the San Juan basin, and Goldsmith field in the Permian basin.
In exchange, ConocoPhillips received XTO's nonstrategic interests in ConocoPhillips-operated properties in the San Juan basin, Permian basin, and a fractional interest in Alaska.
