Conocophillips

ConocoPhillips Estimating Nearly 20% Year/Year Decline in Production, $15 Hit to Prices in 3Q2020

ConocoPhillips Estimating Nearly 20% Year/Year Decline in Production, $15 Hit to Prices in 3Q2020

ConocoPhillips expects to see its third quarter 2020 production suffer another double-digit blow and realized prices take a roughly $15 hit as the Houston-based independent curtailed volumes to combat the weak oil environment. In an operations update issued Wednesday, ConocoPhillips said it expects to report a roughly 262,000 boe/d year/year decline (19.7%) in third quarter…

September 30, 2020
Strong Balance Sheet Key to ConocoPhillips Managing ‘Really Dark Days’ of Oil Downturn

Strong Balance Sheet Key to ConocoPhillips Managing ‘Really Dark Days’ of Oil Downturn

ConocoPhillips’ strategic pivot in 2016 to a value model rather than a growth model provided the Houston-based independent the financial capability to “make rational economic decisions” during the oil market downturn, including curtailing around 400,000 b/d of production. ConocoPhillips Executive Vice President and Chief Operating Officer Matt Fox said the company’s strong balance sheet, which…

September 29, 2020

4Q2019 Earnings: Lower 48 ‘Big 3’ Unconventionals Deliver for ConocoPhillips

ConocoPhillips, the world’s largest independent, continued last year to drive up volumes from the Lower 48, its largest production segment, as the “Big 3” unconventional assets led the way with healthy increases.

February 4, 2020

4Q2019 Earnings: Lower 48 ‘Big 3’ Unconventionals Deliver for ConocoPhillips

ConocoPhillips, the world’s largest independent, continued last year to drive up volumes from the Lower 48, its largest production segment, as the “Big 3” unconventional assets led the way with healthy increases.

February 4, 2020

4Q2019 Earnings: Lower 48 ‘Big 3’ Unconventionals Deliver for ConocoPhillips

ConocoPhillips, the world’s largest independent, continued last year to drive up volumes from the Lower 48, its largest production segment, as the “Big 3” unconventional assets led the way with healthy increases.

February 4, 2020

W&T Snaps Up Stakes in Deepwater Magnolia Field from ConocoPhillips

Houston-based W&T Offshore Inc. has become the operator and majority owner of the Magnolia field in the deepwater Gulf of Mexico (GOM) in a $20 million acquisition from ConocoPhillips.

December 24, 2019

‘Big 3’ Unconventionals Again Drive ConocoPhillips Production Gains

Assets across the Lower 48 continued to drive production growth for ConocoPhillips in the third quarter, with output from the global producer’s “Big 3” unconventionals leading the way.

October 30, 2019
Santos to Buy ConocoPhillips’ Australia Assets, Set to Become Country’s Top Producer

Santos to Buy ConocoPhillips’ Australia Assets, Set to Become Country’s Top Producer

Adelaide-based independent gas producer Santos Ltd. is on track to become Australia’s largest energy producer following its Monday announcement that it inked a $1.39 billion deal to buy ConocoPhillips’ northern Australia assets.

October 16, 2019

ConocoPhillips, Encana Challenging Tariff-Related Pipeline Surcharge by Plains

ConocoPhillips Co. and Encana Marketing (USA) Inc. are challenging Plains All American’s plans to implement a surcharge on its Cactus II crude oil pipeline, a 5.0-cent/bbl fee designed to offset costs related to U.S. tariffs on steel imports.

August 21, 2019
ConocoPhillips Boosts Capex, Adds Seventh Eagle Ford Rig

ConocoPhillips Boosts Capex, Adds Seventh Eagle Ford Rig

ConocoPhillips is eyeing higher spending this year than originally forecast to expand development in the United States, with output from the “Big 3” unconventionals alone climbing 26% year/year, the Houston-based super independent said Tuesday.

July 30, 2019
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