The sale, announced in October, produced about $765 million in proceeds during the second quarter that are expected to be used for “general corporate purposes,” the company said.At least 150 hospitalized due to salmonella outbreak in 48 states Cash provided by operating activities was $0.2 billion. We are monitoring the market closely to develop a view around the timing and path of price recovery and to guide our corresponding actions. The Lower 48 segment is comprised of two regions covering the Gulf Coast and Great Plains. I graduated from the London School of Economics with a masters degree in 2017. The company curtailed oil and gas production by about 225,000 barrels per day during the second quarter. Conoco was hardly the only oil company to shut in output.
Europe & North Africa Highlights. Formerly I covered oil markets in Africa, the Mediterranean and the Mideast Gulf for commodities publicationI cover the energy industry, with a focus on fossil fuels. Production Engineer - Bakken ConocoPhillips June 2017 – Present 2 years 6 months. At Montney, ramp up from the initial 14-well pad continued, increasing average production to 14 MBOED with 50 percent of the production from oil and natural gas liquids. Most of the production cuts in the U.S. were made in the Eagle Ford shale play in South Texas and the Bakken shale play in North Dakota. The Texas-based company is ramping up production in the Lower 48 states, Alaska and western Canada, after curtailing production during the coronavirus pandemic, low demand and low prices. In the Lower 48 and Latin America, that accounted for about ~12% of the company's total production. Excluding special items, second-quarter 2020 adjusted earnings were a loss of $1.0 billion, or ($0.92) per share, compared with second-quarter 2019 adjusted earnings of $1.1 billion, or $1.01 per share.
equivalent, compared with $50.55 in the first six months of 2019. Lower 48 production included curtailments of approximately 145 MBOED, primarily in Eagle Ford and Bakken. Read more in the article: ConocoPhillips Increases Bakken Spending in Its 2014 Budget In addition, completion operations on the second development pad progressed as planned, with start up on track for the third quarter of 2020. Lower 48 production included curtailments of approximately 145 MBOED, primarily in Eagle Ford and Bakken. ConocoPhillips' Bakken/Three-Forks operations will continue to pump out production growth through 2017 and beyond. In the Lower 48, production from the Big 3 averaged 260 MBOED, including Eagle Ford of 162 MBOED, Permian Unconventional of 52 MBOED and Bakken of 46 MBOED. Contact me at Opinions expressed by Forbes Contributors are their own.I write about energy and commodities, from renewable energy to coal. In the Lower 48 and Latin America, that accounted for about ~12% of the company's total production. ConocoPhillips has a significant production and exploration position in the Norwegian sector of the North Sea.
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