Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
ConocoPhillips, which is advancing recovery from its Bakken wells, discusses its forward plans for the Williston Basin.
The projected increase in oil and gas production follows recent reports by the EIA of a sharp decline in the DUC count in all major U.S. shale regions.
The Permian Basin operator plans to drill more 15,000-ft laterals and is studying whether it should go even longer.
The top 50 U.S. E&Ps saw their capex drop 60% and revenue down 33%, while impairment charges hit $66.6 billion, EY’s latest study showed.