ConocoPhillips Eyes $1B Sale of Oklahoma Oil & Gas Assets
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ConocoPhillips (COP), the U.S. oil giant, is considering the sale of its oil and gas assets in Oklahoma, acquired through its $22.5 billion takeover of Marathon Oil last year, according to media reports. The potential sale, managed by investment bank Moelis & Co, is still in the early stages, with no guarantee of the deal being materialized.The assets in question span approximately 300,000 net acres in the Anadarko Basin, a historically significant oil and gas region. These operations currently produce around 39,000 barrels of oil equivalent per day, with about half of that output being natural gas. The assets are expected to fetch more than $1 billion, making them a key part of ConocoPhillips’ broader strategy to streamline its portfolio and raise $2 billion through asset sales.The move aligns with the company's ongoing efforts to optimize its asset base after acquiring Marathon Oil. As part of the deal, ConocoPhillips took on approximately $5.4 billion in Marathon’s debt. Since the acquisition's closing in November, the Houston-based energy giant has already sold off more than $1 billion worth of non-core assets.Potential buyers could include producers looking to capitalize on the rising demand for natural gas, particularly from power generation for data centers. With energy consumption from data centers projected to surge in the coming years, natural gas assets like those in Anadarko could be attractive to operators seeking long-term growth in the sector.While neither ConocoPhillips nor Moelis has commented on the matter, the deal (if it materializes) would further refine ConocoPhillips' portfolio, allowing the company to focus on higher-return assets in the Permian, Eagle Ford and Bakken basins — key regions strengthened by the Marathon acquisition.COP’s Zacks Rank & Key PicksCurrently, ConocoPhillips carries a Zack Rank #3 (Hold).Investors interested in the energy sector may look at some better-ranked stocks like Archrock Inc. AROC, Kinder Morgan, Inc. KMI and W&T Offshore, Inc. WTI. While Archrock presently sports a Zacks Rank #1 (Strong Buy), Kinder Morgan and W&T Offshore carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.Archrock is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.Kinder Morgan is a leading North American midstream player with a stable and resilient business model, largely driven by take-or-pay contracts, which ensure consistent earnings and facilitate reliable capital returns to shareholders. The company operates one of the largest natural gas pipeline networks, positioning it to benefit from the projected increase in U.S. natural gas demand by 2030. W&T Offshore leverages its strong Gulf of Mexico assets, which offer low decline rates and significant untapped reserves. The company recently expanded its portfolio with six shallow-water field acquisitions, adding substantial proven and probable reserves. Focused on high-return organic projects, WTI has maintained positive cash flows for 27 consecutive quarters.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ConocoPhillips (COP): Free Stock Analysis Report W&T Offshore, Inc. (WTI): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis Report Archrock, Inc. (AROC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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