SAN FRANCISCO, Sept 15 ConocoPhillips (COP.N) has
put off the sale of its 25 percent stake in the Rockies Express
natural gas pipeline after being disappointed by the bids it
received, Chief Executive Jim Mulva said on Wednesday.
The stake in the REX pipeline, which runs from Colorado to
Ohio, is among about $10 billion in planned Conoco assets sales
which Mulva told the Barclays Capital CEO Energy-Power Conference
in New York were on track to be done by next year.
The third-largest U.S. oil company expects 2010 oil and gas
production to be about the same as 2008, but once the sales are
completed it targets a return to output growth in late 2013 and
2014 as it brings on some of its larger projects.
(Reporting by Braden Reddall; Editing by Phil Berlowitz)