ConocoPhillips to sell $3B worth of assets in San Juan Basin to Houston billionaire’s co.

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Houston-based ConocoPhillips is selling about $3 billion in assets near the Four Corners region to another Houston-based energy company in its second multibillion-dollar sale in less than a month. ConocoPhillips is selling the San Juan Basin assets to Hilcorp San Juan LP, a partnership between Houston-based Hilcorp Energy Co. and Washington D.C.-based private equity firm The Carlyle Group (Nasdaq: CG), according to a release. The partnership will pay $2.7 billion in cash and make a contingent payment…