ConocoPhillips announced third quarter earnings yesterday (Oct. 26) and provided several Eagle Ford updates.
The company averaged production of 31,000 boe/d with a 77% liquids cut. September production had risen to 36,000 boe/d, but included a loss of 10,000 to 12,000 boe/d related to third party trucking constraints. Without the constraints, production is approaching 50,000 boe/d. Conoco believes they will reach 100,000 boe/d by 2013. [Read more…]