The Lower 48 segment represents the largest business in ConocoPhillips today based on production. The company has high-quality positions in the North American unconventionals, which are low cost of supply assets with significant upside potential.
The company’s large onshore Lower 48 position of 12.3 million net acres, much of it held by production, gives access to scalable, low cost of supply inventory that can generate substantial future production growth. The Lower 48 segment is comprised of three regions covering the Gulf Coast, Mid-Continent and Rockies. Current major focus areas for the Lower 48 include the Eagle Ford, Bakken and Permian.
At June 30, 2017, the company had asset sales pending for its San Juan Basin and Barnett gas positions. The information in this fact sheet reflects the company’s positions as of Dec. 31, 2016 and does not include the impacts of these asset sales.