ConocoPhillips has built a diversified portfolio in the Lower 48, but the company will rely on the Permian Basin to fuel increased volumes,  said Nick McKenna, the company鈥檚 vice president of the Midland Basin, during Hart Energy鈥檚 SUPER DUG Conference & Expo in Fort Worth, Texas.

Houston-based ConocoPhillips is relying on diversity in its Lower 48 plays, including the Eagle Ford and the Bakken, to sustain production and grow cash flow, with the Permian serving in particular as a key growth engine for the Lower 48 and for the company,鈥� McKenna said May 15 during the event.

ConocoPhillips has about 1.7 million net unconventional acres across Lower 48, including 562,000 net acres in the Bakken; 199,000 acres in the Eagle Ford; 248,000 in the Midland Basin; and 654,000 in the Delaware Basin. The company has roughly 6,000 locations that breakeven at or below $50/bbl.

ConocoPhillips has built a diversified portfolio in the Lower 48, but the company will rely on the Permian Basin to fuel increased volumes,  said Nick McKenna, the company’s vice president of the Midland Basin, during Hart Energy’s SUPER DUG Conference & Expo in Fort Worth, Texas.

Houston-based ConocoPhillips is relying on diversity in its Lower 48 plays, including the Eagle Ford and the Bakken, to sustain production and grow cash flow, with the Permian serving in particular as a key growth engine for the Lower 48 and for the company,” McKenna said May 15 during the event.

ConocoPhillips has about 1.7 million net unconventional acres across Lower 48, including 562,000 net acres in the Bakken; 199,000 acres in the Eagle Ford; 248,000 in the Midland Basin; and 654,000 in the Delaware Basin. The company has roughly 6,000 locations that breakeven at or below $50/bbl.