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Entries in Lario Oil & Gas Co. (1)

Saturday
Jul302011

ConocoPhillips Purchases Colorado Shales for Gas, Oil Expansion

Robert Nickelsberg/Getty Images(DENVER) -- ConocoPhillips announced that it has bought 46,000 acres in Colorado to expand its oil and natural gas drilling.

The company did not reveal the details of the exchange, although they bought the land from the Lario Oil & Gas Co.

ConocoPhillips announced earlier this month that it was privatizing its refining business in order to increase returns for its shareholders.

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ABC News Radio