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Representative image of drilling operations in the Anadarko Basin, reflecting Stone Ridge Energy’s $1.3 billion acquisition of ConocoPhillips’ Oklahoma oil and gas assets to expand Midcontinent production.

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Energy Industry News

Why ConocoPhillips is selling its Anadarko Basin assets and how Stone Ridge plans to use them

Stone Ridge Energy acquires ConocoPhillips’ Anadarko Basin assets for $1.3B, scaling Midcontinent output and securing multi-year drilling inventory.

byPallavi Madhiraju

August 11, 2025

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