Predict and manifest Conoco’s reality for 2026 and beyond!
Will the company continue record production rates?
Will increases in incidents occur due to less people and more responsibilities?
What assets will be divested?
Will CEO buy better tailored suits?
5 replies (most recent on top)
Perhaps not in 2026 but at some point COP will try to sell off the unconventional assets due to a high abandonment bill. No one will want to touch these depleted reservoirs with a ten foot pole. Reserves have been overstated, and new drill locations will be less and less attractive and costs will be higher. This is a maturing industry at the onset of a precipitous decline. Then the powers that be will be left wondering why they laid off most of the conventional expertise in the first place. The company has been grooming a bunch of engineers and geologists who have no freaking clue how to develop a low cost of supply conventional asset, save for the very, very few who have worked both kinds of projects. The company is too cheap to train and move people around as part of their professional development.
EF is a house of cards. Huge ongoing capital outlays required to maintain production. Hyperbolic declines. Multiple long laterals to defend assigned reserves that are collapsed or not open for production. Initial production ok but the inactive well reserves must be written off at some point which will impact DD&A. Earnings will suffer and then we will sell at a loss. But we made our bonuses.
@af the ELT has stated in town halls that this is not as much of a concern moving forward. We just need to manufacture shareholder value at all costs.
More accidents and near misses. More job related stress and injuries
Eagleford shale starts a precipitous production decline with wells experiencing failures and integrity issues. Asset sold in 2026/2027