COP Mergers

Stone Ridge Buys Oklahoma Assets From ConocoPhillips

Published August 07, 2025 at 08:30 PM

NEW YORK--(BUSINESS WIRE)--Stone Ridge Holdings Group (“Stone Ridge”), a financial services firm focused on alternative asset management, reinsurance, and bitcoin, today announced that its energy platform, Stone Ridge Energy (“SRE”), entered into a definitive agreement to acquire a major portfolio of Oklahoma energy assets from ConocoPhillips for approximately $1.3 billion. This marks SRE’s second acquisition this year, after purchasing over $1 billion of energy assets in Colorado, bringing SRE

Related Questions

What synergies or cost savings does Stone Ridge Energy expect from the acquisition? How might the market’s perception of the transaction influence the stock price of ConocoPhillits (COP) and Stone Ridge Holdings Group in the short term? Will the acquisition affect the credit ratings or leverage ratios of either party? How does the purchase price compare to the fair market value of the Oklahoma assets? What is the expected impact on Stone Ridge Energy’s earnings per share (EPS) and revenue guidance? How will the $1.3 billion acquisition affect ConocoPhillips’ balance sheet and cash flow? Are there any regulatory or environmental approvals required that could delay the transaction? How will the deal impact the competitive landscape in the Oklahoma energy market? Will the acquisition lead to any dilution for existing shareholders of Stone Ridge Energy? What financing structure is being used for the deal and what are the associated covenants?