Lower 48

The company’s large Lower 48 position of 10.3 million net acres, including unconventional holdings of approximately 1.7 million net acres, represents scalable inventory with low cost of supply and low GHG emissions intensity with the potential to generate significant returns over many years of future development. Current major focus areas for the Lower 48 include the Delaware and Midland Basins, part of the world-class Permian Basin, as well as the Eagle Ford and Bakken.

The transformational acquisitions of Concho Resources Inc. and Shell Enterprises LLC’s prolific positions in the Delaware and Midland Basins in 2021 further strengthened the company’s position in the Permian Basin. During 2022, the company continued optimizing its portfolio through dispositions of Western Anadarko assets in the Texas Panhandle and Oklahoma, Northwest Shelf and Central Basin Platform assets, and various other non-core positions in assets across the Lower 48.

Lower 48 Map of Operations

Lower 48 at a Glance

As of December 31, 2022

2022 Production Mix

Full-year 2022 production in the Lower 48 segment was 989 MBOED.

Lower 48 HSE Handbook

Click on one of the links below to access the handbook. The handbook will also be available in the COP App Store.

Lower 48 HSE Handbook (Spanish)

Click on one of the links below to access the handbook. The handbook will also be available in the COP App Store.