ConocoPhillips announced the completion of two transactions to sell its Niobrara and Waddell Ranch assets to undisclosed buyers.

The Niobrara assets are located in the southern Denver-Julesburg Basin. Full-year 2019 production associated with the Niobrara assets was 11 thousand barrels of oil equivalent per day (MBOED). The effective date of the transaction is June 1, 2019.

The Waddell Ranch conventional assets are located in the Permian Basin. Full-year 2019 production associated with the Waddell Ranch assets was 4 MBOED. The effective date of the transaction is Nov. 1, 2019.

There is no change to the company’s guidance items as a result of these transactions.

About ConocoPhillips

Headquartered in Houston, Texas, ConocoPhillips (NYSE: COP) had operations and activities in 17 countries, $71 billion of total assets, and approximately 10,400 employees as of Dec. 31, 2019. Production excluding Libya averaged 1,305 MBOED for 2019, and proved reserves were 5.3 BBOE as of Dec. 31, 2019.