ConocoPhillips pays US$380M to Kelt Exploration for Canadian Montney acreage in stranded gas area
Friday, 24 July 2020
US major ConocoPhillips has agreed to acquire additional acreage in the Montney Shale in northeast British Columbia held by Kelt Exploration (LNG) Ltd. of Calgary for C$510 million (US$380M) in cash, giving a current valuation in a prolific oil and natural gas area that was once a centre of multiple plans for LNG exports.
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- Kelt Exploration
- Kelt Exploration (LNG) Ltd
- LNG Canada
- Kitimat LNG
- Coastal GasLink Pipeline
- Canadian oil & gas
- Cedar FLNG
- Cedar LNG
- BC LNG projects
- Bish Cove LNG
- Canada M&A
- oil and gas acquisitions
- IngaFireweed area
- Matt Fox
- ConocoPhillips COO
- Canadian stranded gas
- North Asia gas
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- #gas condensate market
- Montney Shale
- Western Canadian Sedimentary Basin
- Canada Gas
