ConocoPhillips Co.
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About
ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, ConocoPhillips had operations and activities in 16 countries, $70 billion of total assets, and approximately 10,800 employees as of Dec. 31, 2018. Production excluding Libya averaged 1.242 million barrels of oil equivalent per day in 2018, and proved reserves were 5.3 billion barrels of oil equivalent as of Dec. 31, 2018.
Transactions
ConocoPhillips Completes $22.5B Acquisition of Marathon
ConocoPhillips Completes $22.5B Acquisition of Marathon
Hess Completes Libya Asset Sale to TotalEnergies, ConocoPhillips
Hess Completes Libya Asset Sale to TotalEnergies, ConocoPhillips
Diversified Energy Acquires ConocoPhillips Midcon Assets for $240 Million
Diversified Energy Acquires ConocoPhillips Midcon Assets for $240 Million
ConocoPhillips Acquires Stake in Texas LNG Project from Sempra
ConocoPhillips Acquires Stake in Texas LNG Project from Sempra
ConocoPhillips Offloads Indonesia Assets in Asia-Pacific Revamp
ConocoPhillips Offloads Indonesia Assets in Asia-Pacific Revamp
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New Financings
Commenced a cash tender offer for the company and its wholly-owned subsidiary, Concho Resources Inc., to…
Commenced a private offer to exchange four series of notes issued by ConocoPhillips (COP), ConocoPhillips…
ConocoPhillip's Board of Directors approved a $10 billion increase in the existing share repurchase…
ConocoPhillips announced an increase in its quarterly dividend of 38%, to 42 cents per share. This…
ConocoPhillips (NYSE: COP) on July 12 announced a 50% increase in its planned 2018 share repurchase…
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Instantly unlock over 15 years of A&D transactions and financing data.
News
Permian to Drive Output Growth as Other Basins Flatten, Decline–EIA
Lower 48 oil production from outside the Permian Basin—namely, the Bakken and Eagle Ford shales—is expected to flatten and decline in coming years, per new EIA forecasts.
Pickering Prognosticates 2025 Political Winds and Shale M&A
For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties.
Shale Consolidation Aftermath: The Field Narrows
Widespread consolidation has reshaped the list of top public producers, says Enverus CEO Manuj Nikhanj.
Shale Outlook: E&Ps Making More U-Turn Laterals, Problem-Free
Of the more than 70 horseshoe wells drilled to date, half came in the first nine months of 2024 as operators found 2-mile, single-section laterals more economic than a pair of 1-mile straight holes.
Shale Outlook Eagle Ford: Sustaining the Long Plateau in South Texas
The Eagle Ford lacks the growth profile of the Permian Basin, but thoughtful M&A and refrac projects are extending operator inventories.
Kimbell Royalty Partners Adds to Permian Portfolio with $231MM Deal
Kimbell Royalty Partners is acquiring oil and natural gas mineral and royalty interests in the Midland Basin in a cash-and-equity acquisition worth $231 million.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
Back to the Future: US Shale is Growing Up
The Patch’s maturity will be tested in 2025 amid ongoing consolidation and geopolitical dissonance.
Segrist: The Keystone for Trump?
President-elect Donald Trump talks about reviving the famously controversial Keystone XL Pipeline while threatening tariffs on the nation where it originates
Marketed: ConocoPhillips 5 Well Package in Niobrara Shale
ConocoPhillips Co. has retained EnergyNet for the sale of working interest participation in five wells located in Weld County, Colorado.
LongPath Ditches Up-in-the-Air Tech for Emissions Reduction Closer to Ground
LongPath Technologies has received a federal loan to develop a monitoring network and conditional approval from the state of New Mexico for use of its system at oil and gas operations.
Utica’s Encino Adds Former Marathon Director to Board
Brent J. Smolik, who most recently served on Marathon Oil’s board until its merger with ConocoPhillips, will join Encino Acquisition Partners as a director.
Aris Water Solutions’ Answers to Permian’s Produced Water Problem
Aris Water Solutions has some answers to one of the Permian’s biggest headwinds—produced water management—but there’s still a ways to go, said CEO Amanda Brock at the DUG Executive Oil Conference & Expo.
DNO Discovers Oil in New Play Offshore Norway
DNO ASA estimated gross recoverable resources in the range of 27 MMboe to 57 MMboe.
ConocoPhillips: Longer Laterals Coming to Delaware Basin After Marathon Close
After closing a $17.1 billion acquisition of Marathon Oil, ConocoPhillips’ Delaware Basin leader sees opportunities to drill longer laterals and investigate secondary benches underground.