ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears

ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin.

On track to close a blockbuster $17.1 billion acquisition of Marathon Oil before year-end, ConocoPhillips reported record Lower 48 output in third-quarter 2024.

Houston-based ConocoPhillips鈥� third-quarter production averaged 1.147 MMboe/d across its Lower 48 footprint, the company reported Oct. 31.

That includes record production of 781,000 boe/d from the Permian and record Eagle Ford volumes of 246,000 boe/d, Nick Olds, ConocoPhillips鈥� Lower 48 executive vice president, said during an earnings call. Bakken volumes averaged 107,000 boe/d.

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ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears

ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin.

On track to close a blockbuster $17.1 billion acquisition of Marathon Oil before year-end, ConocoPhillips reported record Lower 48 output in third-quarter 2024.

Houston-based ConocoPhillips’ third-quarter production averaged 1.147 MMboe/d across its Lower 48 footprint, the company reported Oct. 31.

That includes record production of 781,000 boe/d from the Permian and record Eagle Ford volumes of 246,000 boe/d, Nick Olds, ConocoPhillips’ Lower 48 executive vice president, said during an earnings call. Bakken volumes averaged 107,000 boe/d.

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This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.

Rich Text Editor, Comment field