Application for approval of proposed divestiture:
The Commission has received an application for approval of a proposed divestiture from ConocoPhillips, Inc. (ConocoPhillips), pursuant to a final decision and order with the FTC, announced on February 14, 2003, regarding Conoco's merger with Phillips Petroleum Company (Phillips). As detailed in the application, ConocoPhillips has requested Commission approval of the proposed divestiture of the Texas Assets (as that term is defined in the order) to West Texas Gas, Inc., as well as the related agreements provided for in Paragraph VIII.C. of the decision and order.
The Commission is accepting public comments on the proposed divestiture until April 2, 2003. Comments should be sent to: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, DC 20580. (FTC File No. 021-0040, Docket No. C-4058; staff contact is Daniel P. Ducore, Bureau of Competition, 202-326-2526; see press releases dated August 30 and September 20 and 24, 2002; and January 14, January 21, and February 21, 2003.)