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.
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‘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.
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.
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.
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.
Majors, Big Independents Found U.S. Oil, Gas Blockchain Consortium
A group of majors and independents, including founding members ExxonMobil Corp., Chevron Corp. and ConocoPhillips, on Tuesday announced a partnership to establish the first industry blockchain consortium in the United States.
Alaska Oil, Gas Lease Sale Draws $1.53M in Bids
The Interior Department’s Bureau of Land Management (BLM) received $1.53 million in bids on Wednesday from an oil and natural gas lease sale in the National Petroleum Reserve in Alaska (NPRA).
Lower 48 Powers 3Q Earnings, Production for ConocoPhillips
ConocoPhillips reported increased earnings and higher production in the third quarter, especially from its top three onshore assets in the Lower 48, as it moved forward with projects in Alaska and Louisiana.
ConocoPhillips Reports First Oil Production from North Slope Project
A subsidiary of ConocoPhillips reported first oil production from its prospect within the National Petroleum Reserve in Alaska (NPR-A) and said it was moving closer to a decision on whether to drill a second proposed project on the North Slope.
Another ConocoPhillips North Slope Project OK’d by BLM
The Interior Department’s Bureau of Land Management (BLM) has issued a final supplemental environmental impact statement (SEIS) for Greater Mooses Tooth No. 2 (GMT2), a $1.5 billion development on Alaska’s North Slope first proposed by a subsidiary of ConocoPhillips three years ago.