As merger-mania in the American shale patch continues to gain momentum, ConocoPhillips is now said to be considering an offer for Permian basin producer CrownRock LP, Reuters reports, citing unnamed sources.
ConocoPhillips has announced that its proprietary OCP CryoSep® heavies removal unit (HRU) technology has been selected as part of Phase 1 of NextDecade’s Rio Grande LNG Project.
If Alaska District Court Judge Sharon Gleason cancels required federal approvals, “the Willow project is highly unlikely to proceed at all,” said Connor Dunn, vice president of Willow for ConocoPhillips.
Third-quarter 2023 production is expected to be 1.78 to 1.82 million barrels of oil equivalent per day (MMBOED). Full-year production is now expected to be 1.80 to 1.81 MMBOED, as compared to prior guidance of 1.78 to 1.80 MMBOED.
ConocoPhillips had a new pipeline permit T10483 approved for a total of 36 miles of pipeline located in CULBERSON, REEVES counties (Permian Basin).
ConocoPhillips Alaska will continue to invest about $1 billion a year to grow our Alaska legacy business with projects such as Nuna.
First quarter of 2023, Alaska was the most profitable geographical area in the world for ConocoPhillips on a per barrel of oil equivalent (BOE).
ConocoPhillips plans to spend nearly $4 billion to more than double its global LNG footprint
The Lower 48 represents the largest ConocoPhillips business segment today based on production. The company has high-quality positions in the United States unconventionals, which are low cost of supply and low GHG intensity assets with significant upside potential.
Conocophillips approved for a contentious oil-and-gas drilling project in the northwestern state of Alaska.
