Sunday, July 4, 2021

Operators In The Bakken: COP

  COP (in the Bakken: wholly-owned subsidiary, Burlington Resources)

  • July 2, 2021: special call -- ten-year strategic plan following the acquisition of Concho
    • 620,000 net acres in the Bakken
    • currently no active rigs in the Bakken (link here)
  • 3Q20: earnings call;
  • CY2019, annual report; this link
  • 2Q18: incredible earnings report; with two rigs in the Bakken, 82,000 bpd
  • 1Q14: 620,000 net acres; 1,800 identified drilling locations based on 10-rig program
  • 3Q12 earnings call: 620,000 net acres; 26,000 boepd; ramped up from five to eight rigs; 
  • 626,000 net acres, COP/CEO at Houston conference, May 16, 2012
  • 460,000 net acres (Investopedia, March 29, 2011; Annual Report, 2010)
  • Looking to acquire more, Annual Report, 2010
  • 8 rigs (May, 2012); looking to ramp up to 9 - 10 rigs (same link)

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