ConocoPhillips Development Cadence in Culberson County: From Wells Drilled to Unperfed Wells to Central Tank Battery

The Bronco Unit project in Culberson County illustrates ConocoPhillips’ deliberate development cadence — one that synchronizes subsurface and surface planning.
From 22 total wells drilled since 2024, the 8 unperfed wells provide a clear operational breadcrumb trail leading to the Central Tank Battery air permit milestone in 2025.

read more

ConocoPhillips Launches “Competitive Edge” Restructuring with BCG to Cut Costs After Marathon Merger

ConocoPhillips has initiated a significant restructuring initiative, internally termed “Competitive Edge,” with strategic guidance from Boston Consulting Group (BCG). This move follows the company’s $23 billion acquisition of Marathon Oil and aims to streamline operations and reduce costs amid industry challenges, including oil prices hovering around $63 per barrel.

read more

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.

read more