XTO Kuparuk lease shares go to Conoco

The Alaska Department of Natural Resources has approved assignments of small working and royalty interests in Kuparuk River unit leases from XTO Energy to ConocoPhillips Alaska.

Gary Simpson, XTO senior vice president of investor relations and finance, said the assignments were part of a trade XTO completed with ConocoPhillips in March. Those producing properties, XTO said in a March release, were located primarily in Texas and New Mexico. XTO acquired working interests in its operated properties in the East Texas Freestone trend, the San Juan basin and the Goldsmith field in the Permian basin.

XTO said it conveyed to ConocoPhillips “non-strategic interests in COP-operated properties in the San Juan and Permian basins, along with a fractional interest in Alaska.”

The Kuparuk River unit lease interest conveyed to ConocoPhillips was a 0.1086 percent working interest and a 0.0905 percent royalty interest, acquired by XTO from Chevron in 2004.