Highlights Q1 output was 326,000 boe/d from the three plays First-half 2019 seen flat, but growing later in year Long-term capex plan under $7 billion/year: CEO Lance Houston — ConocoPhillips’ production from the Lower 48 “Big Three” unconventional plays –the Eagle Ford, Bakken and the Permian Basin –grew 30% year over year in the first quarter to 326,000 b/d of oil equivalent and will ramp up later this year, company executives said Tuesday. That is in line with ConocoPhillips’ expectation of flat early 2019 production from “lumpiness” in the timing of bringing online multi-well pads across the different plays, Dominic Macklon, the company’s president, Lower 48, said. “After outperforming in 2018 with 37% growth, we’ve said the trajectory of the Big Three would be relatively flat in the first half” of this year, Macklon said during the […]