Phillips said it sold some oil properties to Shell Oil.
The purchase prices were not revealed. But Phillips said that when the sales are added to the $1.7-billion worth of assets previously sold, it pushes the total over the $1.95-billion mark. Shell purchased Phillips’ interests in two fields near Huntington Beach, a field north of Point Arguello, three fields in the San Joaquin Valley and a portion of Phillips’ interest in an offshore undeveloped tract in the Santa Maria Basin.
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