Freeport-McMoRan sells California onshore oil, gas properties

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Freeport-McMoRan sells California onshore oil, gas properties

By Alex Kacik / Friday, October 21st, 2016 / Comments Off on Freeport-McMoRan sells California onshore oil, gas properties

Freeport-McMoRan will sell its onshore California oil and gas properties, which include several facilities throughout the Central Coast, to Sentinel Peak Resources California LLC for a total of $742 million, according to SEC filings. The deal includes $592 million in cash and an additional $50 million per year in 2018, 2019 and 2020 if the…

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