2019 Production Mix
Full-year 2019 production in the Lower 48 segment was 451 MBOED.
Lower 48
The Lower 48 represents the largest segment 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 10.3 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 two regions covering the Gulf Coast and Great Plains. Current major focus areas for the Lower 48 include the Eagle Ford, Bakken and Permian Basin.
In early 2020, the company sold its Niobrara assets in Colorado and its Waddell Ranch assets in the Permian Basin.
Lower 48 at a Glance
451 MBOED
Production
1.4 BBOE
Proved Reserves
$3.4B
Capital Spend
8.4 million acres
Net Acreage
Lower 48 HSE Handbook
Click on one of the links below to access the handbook. The handbook will also be available in the COP App Store.
Lower 48 HSE Handbook (Spanish)
Click on one of the links below to access the handbook. The handbook will also be available in the COP App Store.