Curtailing some 225,000 bbl/d of production in the second quarter, 65% of it from the Lower 48, ConocoPhillips began returning some wells to sales in July. During the gap, its strong balance sheet still net shareholder value. Here’s a look into this leading operator’s plans for going forward.
Moderator:
Steve Toon, Editor-in-Chief, Oil and Gas Investor
Speaker:
Matt Fox, Executive Vice President & Chief Operating Officer, ConocoPhillips
Recommended Reading
Coterra Notches Year-End Permian Deal for $43MM
2024-12-31 - Coterra Energy will buy an additional 1,650 net royalty acres from Sandia Minerals LLC, the interests of which are owned by Franklin Mountain Royalty Investments, for $43 million.
Coterra Eyes Wolfcamp D, Penn Shale Upside with $3.95B Permian M&A
2024-11-15 - With $3.95 billion in Permian M&A, Coterra is adding new Delaware Basin locations in the Bone Spring, Harkey and Avalon benches—and eyeing upside from deeper zones.
Diamondback Swaps Delaware Assets, Pays $238MM For TRP’s Midland Assets
2024-11-04 - After closing a $26 billion acquisition of Endeavor Energy Resources, Diamondback Energy is getting deeper in the Midland Basin through an asset swap with TRP Energy.
Report: ConocoPhillips Shopping Delaware Basin Assets for $1B Sale
2024-10-30 - ConocoPhillips has laid out a $2 billion divestiture campaign to reduce debt from a blockbuster acquisition of Marathon Oil.
Spicewood Acquires Multiple Permian Basin Mineral Interests
2024-10-22 - Spicewood Mineral Partners added mineral and royalties interests in the Midland and Delaware basins, operated by E&Ps including Occidental Petroleum, ConocoPhillips and BP.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.