While heavy rains and flooding impacted ConocoPhillips’ second-quarter activity in the Williston Basin, the company still managed to increase production by approximately 3.4 percent over the first quarter of the year with an average production of 30,000 barrels of oil equivalent per day.
According to Executive Vice President for Exploration and Production Matthew Fox in an Aug. 1 second quarter conference call, ConocoPhillips is “getting back on track” and currently has 11 drill rigs operating in the basin.
According to North Dakota Industrial Commission records, ConocoPhillips, operating as both as ConocoPhillips and as Burlington Resources, was the state’s eighth largest oil producer by wells operated in May producing an average of 30,056.1 barrels of oil per day, although that production does not include any non-operated wells in which ConocoPhillips may have interests.
Most of ConocoPhillips’ current activity in North Dakota is focused around western and northwestern Dunn County and northern and northeastern McKenzie County. Fields in that region where the company is active include Corral Creek, Blue Buttes, Clear Creek, Keene, Haystack Butte, Westberg, Charlson, North Fork and Union Center.
ConocoPhillips has 216 active wells in North Dakota with another 124 on confidential status as filed under Burlington Resources Oil & Gas Company LP.
ConocoPhillips has operations in three key plays in the Lower 48: the Bakken, Eagle Ford and Permian Basin. The company’s combined production from those three plays in the second quarter averaged 203,000 boepd, an increase of 47 percent increase over the same quarter of 2012.
While the company’s 30,000 boepd Bakken production in the second quarter was only a 3.4 percent increase over its first-quarter Bakken production, the second-quarter production was an increase of 15 percent over ConocoPhillips 2012 average Bakken production.
Globally, ConocoPhillips reported overall second-quarter production of 1.55 million boepd. Adjusting for dispositions and planned downtime, that second-quarter production represents a 4 percent increase over the company’s second-quarter 2012 worldwide production.
The company is expecting lower output in the range of 1.45 million to 1.49 million boepd in the third quarter due to planned downtime and turnaround activity.