June 29, 2017 / 11:46 AM / 2 months ago

ConocoPhillips to sell Barnett assets for $305 million

June 29 (Reuters) - ConocoPhillips said on Thursday it would sell its assets in the Barnett shale field in Texas to Miller Thomson & Partners LLC for about $305 million.

The largest U.S. independent oil producer said it expects the deal to reduce its 2017 production forecast by less than 5 million barrels of oil equivalent per day (MBOED).

ConocoPhillips said it does not expect any material impact to 2017 cash flow or its other 2017 guidance items as a result of the transaction. (Reporting by John Benny in Bengaluru; Editing by Saumyadeb Chakrabarty)

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