July 22 (Reuters) - ConocoPhillips (NYSE:COP) COP.N :
* CONOCOPHILLIPS ANNOUNCES AGREEMENT TO ACQUIRE LIQUIDS-RICH MONTNEY ACREAGE FROM KELT EXPLORATION LTD.
* CONOCOPHILLIPS - DEAL FOR CASH CONSIDERATION OF APPROXIMATELY $375 MILLION
* CONOCOPHILLIPS - DEAL FOR CASH CONSIDERATION OF APPROXIMATELY $375 MILLION BEFORE CUSTOMARY ADJUSTMENTS
* CONOCOPHILLIPS - ATTRIBUTES FOR TRANSACTION INCLUDE ADDING OVER 1 BILLION BBOE HIGH-VALUE RESOURCE WITH AN ALL-IN COST OF SUPPLY OF MID-$30S (WTI BASIS)
* CONOCOPHILLIPS - DEAL INCLUDES ASSUMPTION OF ABOUT $30 MILLION IN FINANCING OBLIGATIONS FOR ASSOCIATED PARTIALLY OWNED INFRASTRUCTURE
* CONOCOPHILLIPS - INITIATED PRODUCTION FROM ITS MONTNEY DEVELOPMENT IN Q1 OF 2020
* CONOCOPHILLIPS - PRODUCTION ASSOCIATED WITH ACQUIRED ASSET IS ABOUT 15 THOUSAND BARRELS OF OIL EQUIVALENT PER DAY