MPLX issued a 1Q21 update on Whistler Gas Pipeline, citing that it was on track for completion in the third quarter of 2021.
ConocoPhillips reported 1Q21 Lower 48 production of 715 Mboe/d, which included 405 Mboe/d from the Permian, 187 Mboe/d in the Eagle Ford and 86 Mboe/d in the Bakken. Winter Storm Uri had a 50 Mboe/d impact on production, which was fully restored as of March 2021. Notably, Lower 48 earnings jumped to $704 million as compared to 1Q20 earnings of just $30 million.
COP exited the quarter with 15 drilling rigs and 7 frac crews deployed across the Lower 48.