HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that production from its Eagle Ford (Texas) field has returned to pre-Hurricane Harvey rates of around 130 thousand barrels of oil equivalent per day (MBOED).
The company’s previously communicated production guidance for the third quarter and the full year is unchanged. Third-quarter 2017 production is expected to be 1,170 to 1,210 MBOED, which excludes Libya and reflects expected impacts from the San Juan, Barnett and Panhandle dispositions. The company’s full-year production on the same basis is expected to be 1,340 to 1,370 MBOED.
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ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 17 countries, $78 billion of total assets, and approximately 12,200 employees as of June 30, 2017. Production excluding Libya averaged 1,503 MBOED for the six months ended June 30, 2017, and proved reserves were 6.4 billion BOE as of Dec. 31, 2016. For more information, go to www.conocophillips.com.
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