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ConocoPhillips Message Board

  • save_n_investte save_n_investte Jul 28, 2013 8:42 AM Flag

    COP Expects to Increase U.S. Oil Production

    ConocoPhillips (NYSE: COP ) expects that, through 2017, 60% of its projected production growth will come from its U.S. onshore assets. The growth is truly remarkable, as the company expects to grow its Eagle Ford production by 130,000 barrels of oil equivalent per day, or 16% annually, while growing Bakken production by 45,000 BOE/d ,or 18% annually. And last but not least, the company sees its Permian Basin production growing by 40,000 BOE/d, or 7% annually. Clearly, the U.S. is one of the key growth drivers for ConocoPhillips over the next few years.

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