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STS - ConocoPhillips Highlights - December 20, 2018

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ConocoPhillips’ Lower 48 unit will get 51% of 2019 capex of $6.1 billion, or $3.1 billion, which is flat YOY. The focus will be on the company’s “Big 3” plays, where production is expected to grow 19% to 350,000 boe/d. Conoco will run 10-11 rigs in the Eagle Ford, Bakken and Delaware Basin, shifting capital among the three to maximize value. Included in the Eagle Ford and Delaware capex are provisions to conduct multi-well pilots of new “Vintage 5” completion......
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