Karnes County, TX: A Closer Look at Drilling & Permitting Trends in 2024/2025

In 2024–2025, ConocoPhillips Company has led the way with 154 wells drilled, far outpacing other operators. Devon Energy and EOG Resources followed with 45 and 25 wells respectively, showing strong, targeted development strategies. Notably, Murphy Exploration and 1776 Energy Operators have also been active, contributing to a total of hundreds of new wells drilled across the county.

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ConocoPhillips Plans $1B Sale of Anadarko Assets received from Marathon Oil Deal

ConocoPhillips is reportedly preparing to sell its oil and gas assets in Oklahoma’s Anadarko Basin, aiming to raise over $1 billion as part of a broader divestment strategy. The assets, acquired through the $22.5 billion Marathon Oil acquisition in late 2024, span approximately 300,000 net acres and produce around 39,000 barrels of oil equivalent per day—about half of which is natural gas.

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