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Conoco's Q1 Production Flat from 4Q17; Touts Entry into Austin Chalk
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ConocoPhillips reported its Q1 2018 results.
Highlights:- Q1 2018 Production: Output excluding Libya of 1,224 MBOED (up +4% YOY and less than +1% from 4Q17)
Grew year-over-year production in the Lower 48 Big 3 - Eagle Ford, Bakken and Delaware - by 20% Second-quarter 2018 production is expected to be 1,170 to 1,210 MBOED, which reflects seasonal turnarounds- Touts Latest Deals: Conoco made several acquisitions in Q1 2018 including:
Acquiring additional liquids-rich Montney acreage in Canada Announced central Louisiana Austin Chalk entry.- Alaska Appraisal Program: All six wells plus a sidetrack encountered oil and verified the potential of the play.
The three Willow appraisal wells support the previously announced estimate of a recoverable resource potential of at least 300 mi…- ✓ Full news archive — U.S., Canada & international coverage
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