Houston-based ConocoPhillips last week reported increased production for 2024 with additional output forecast for 2025. The operator expects production of 2.34 million to 2.38 million boed in full year 2025 on capital expenses of about $12.9 billion.
Production for fourth quarter was 2.1 million boed – an increase of 281,000 boed from 2023Q4. Lower 48 delivered production was 1.3 million boed, including 833,000 boed from Permian Basin and 296,000 boed from Eagle Ford.
Full year 2024 production was 1.99 million boed – an increase of 161,000 boed from 2023.