Matt Fox, COO of Houston-based ConocoPhillips, said last week at a Hart Energy conference in Houston that his company’s domestic focus currently is on Eagle Ford Shale “at a time when most large U.S. upstream players are tapped out in the south Texas play.” ConocoPhillips has more rigs in Eagle Ford than Permian Basin. “Most companies’ attention is on the Permian Basin and less in the Eagle Ford,” he told S&P Global Platts Sept. 29, “and ours is still on both, but with a higher percentage in the Eagle Ford for now… We’re still sitting on thousands of (potential drilling targets) in the heart of the sweet spot in the Eagle Ford. All the infrastructure is there, and transportation costs are low.”
As of Sept. 23, according to Enverus, ConocoPhillips operated 4 of Eagle Ford’s 12 rigs with only 1 in Permian. In 2020Q2 ConocoPhillips produced 162,000 boed from Eagle Ford, 52,000 boed from Permian and 46,000 boed from Bakken.