The Lower 48 segment represents the second-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 10.4 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 December 31, 2017, the company had completed asset sales for its San Juan Basin, Panhandle, and Gomez assets; with a sale pending for its Howard Glasscock asset. The information on this page reflects the full-year impact of these assets being sold.