Expand Close
  • Log In
Home
SUBSCRIBE NOWto get full access
  • Shales
    • United States
      • Bakken
      • Barnett
      • Eagle Ford
      • Fayetteville
      • Haynesville
      • Marcellus
      • New Albany
      • Niobrara
      • Utica
      • Woodford
    • Canada
      • Bakken
      • Horn River
      • Utica
    • International
      • Africa
      • Asia Pacific
      • Australia
      • Europe
      • Latin America
      • Poland
      • Middle East
      • Russia CIS
  • Tight Gas & Oil
    • United States
      • Bossier
      • Cotton Valley
      • Granite Wash
      • Mississippi Lime
      • Permian Basin
      • Piceance/Uinta
      • Pinedale/Jonah
    • Canada
      • Cardium
      • Montney
    • International
      • Africa
      • Asia Pacific
      • Australia
      • Europe
      • Latin America
      • Poland
      • Middle East
      • Russia CIS
  • Coalbed
    • United States
    • Canada
    • International
      • Africa
      • Asia Pacific
      • Australia
      • Europe
      • Latin America
      • Poland
      • Middle East
      • Russia CIS
  • Gas Hydrates
  • Midstream
  • Regulatory
  • Technology
  • Research
    • Emerging Plays
    • Drilling Highlights
    • Playbooks
    • New Publications
    • Reference Links
    • Acronym Glossary
    • Completions
    • Unconventional Rig Counts
    • Heard In The Field
    • Top IP Wells
  • Events
  • Videos
  • Quick Links
  • Drilling Highlights
  • Permian Basin
  • Eagle Ford
  • Bakken
  • Niobrara
  • Marcellus
  • Australia
  • Woodford
  • Utica
  • Connect Series

ConocoPhillips’ Step Back From Permian Basin Is Temporary

  • Log in to post comments
  • 1 3
ConocoPhillips’ Step Back From Permian Basin Is Temporary (Source: CERAWeek by IHS Markit)

ConocoPhillips CEO Ryan Lance told the Financial Times: “We’re not trying to chase the cycle up.” (Image source: CERAWeek by IHS Markit)

Ed Crooks, Financial Times
Monday, July 2, 2018 - 11:45am

U.S. oil production can “comfortably” continue its strong growth over the next few years, in spite of hold-ups caused by a shortage of pipeline capacity in Texas, the CEO of the country’s largest exploration and production company has said.

Ryan Lance of ConocoPhillips Co. (NYSE: COP) attracted attention when he told a conference last month that his company was looking at redeploying resources out of the Permian Basin of Texas and New Mexico, the heart of the new U.S. oil boom.

But talking to the Financial Times, Lance made clear that he saw it as only a temporary delay, caused by the fact that ConocoPhillips had been taken by surprise by how quickly the pipelines for taking oil out of the region had filled up.

Click here to continue reading

Recommended

Bakken

ConocoPhillips Pursues More Growth Opportunities As Production Rises

Oil And Gas Investor Ranks Top 50 E&Ps
Bakken

Oil And Gas Investor Ranks Top 50 E&Ps

US Shale Producers Earnings Expectations, 2019 Forecast
Bakken

US Shale Producers Earnings Expectations, 2019 Forecast

DUC Season Rockies EPs Aim At Backlog Of Wells
Bakken

DUC Season: Rockies’ E&Ps Aim At Backlog Of Wells

Bakken

Oil, Gas Industry Discovers Innovative Solutions To Environmental Concerns

Advertisement

Readers' Choice

  • Updated: Top 12 IP Wells in the Permian Basin
  • Operator Spotlight: Rice Energy's Toby Rice (2016)
  • Percussion Petroleum: A Play On The Yeso
  • Updated: Top 12 I.P. Wells in the Eagle Ford
  • Chart: Midcontinent, Permian Basin Rig Count As Of February 1, 2019

Advertisement

Hart Energy Events

  • 2/12/2019
    WOMEN IN ENERGYLuncheon
     
  • 2/19/2019
    Conference: DUG Haynesville
     
  • 3/5/2019
    Conference: Energy Capital
     
  • 4/15/2019
    Conference: DUG Permian Basin
     

Our Newsletters

→

Sign up to receive free UGCenter Newsletters.

Register Now

Shales

  • United States
  • Canada
  • International

Tight Gas & Oil

  • United States
  • Canada
  • International

Coalbed

  • United States
  • Canada
  • International

Research

  • Emerging Plays
  • Drilling Highlights
  • Playbooks
  • New Publications
  • Reference Links
  • Acronym Glossary
  • Completions
  • Unconventional Rig Counts

More

  • Gas Hydrates
  • Midstream
  • Regulatory
  • Technology
  • Events
  • Video Center
  • About Us
  • Advertise
  • Subscribe
  • Legal Notice
  • Contact
  • Customer Service
Copyright © 2019 Hart Energy. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.