ConocoPhillips operates oil and gas facilities around the world, including areas with impermeable rock known as tight shale formations. Because these formations require a relatively new combination of horizontal drilling and hydraulic fracturing to produce oil and gas, they are known as “unconventional resources.” Stakeholders have shown interest in how these resources are developed.
Our approach is to work safely, efficiently and in a way that respects people, water, land and air. We call it operations excellence. The Eagle Ford shale in South Texas illustrates how the company applies operations excellence to develop unconventional resources.
In late 2009, ConocoPhillips consolidated a large acreage position within the 50-by-400-mile Eagle Ford corridor outlined by Houston, San Antonio, Corpus Christi and Laredo. We quickly began studying the needs of local communities, the environment and the business. This allowed our business to grow rapidly, with natural gas and liquids production hitting 100,000 BOED in about three years.
For the Eagle Ford to thrive now and continue to offer even greater results in the future, our team must focus on near and long-term performance objectives. A key part of our approach to developing resources responsibly, including hydraulic fracturing, is called the ConocoPhillips Global Onshore Well Management Principles, which describe our commitment to operations excellence and sustainable development performance.
Although these four principles linked above are simply stated, putting them into action requires a lot of commitment, hard work and planning. We intentionally set a high standard with these publicly shared principles, and we are committed to continually improving the quality and consistency of how we deliver on them.