ConocoPhillips & Burlington Q1 2026 Signals: Bakken and Lower 48
Review ConocoPhillips and Burlington Resources Q1 2026 source records across Bakken permits, reported spuds, production windows, and labels.
By Johnathan · Reviewed by EnergyNetWatch Research · Last updated 2026-06-23
Quarterly/event snapshot
This page is a historical source-record snapshot tied to a specific company update or activity event. It links back into durable operator and state workflows.
Key Takeaways
- North Dakota Burlington Resources shows 474 trailing-12-month permits, 129 trailing-90-day permits, and 20 trailing-90-day spuds.
- Burlington remains a material state-source label in Texas, North Dakota, and New Mexico.
- The main signal is source-label identity plus Bakken activity follow-through, not a single ConocoPhillips production reconciliation.
EnergyNetWatch reviewed ConocoPhillips, ConocoPhillips Alaska, Burlington Resources, and legacy Conoco labels on May 29, 2026. The clearest current public-record signal is North Dakota Burlington: 474 trailing-12-month permits, 129 trailing-90-day permits, and 20 trailing-90-day reported spuds.
Burlington matters because state records can preserve source labels that do not look like the parent-company name. A ConocoPhillips review that ignores Burlington rows can miss Bakken, Texas, and New Mexico source-record context.
Operator Signal
| Field | Current signal |
|---|---|
| Signal grade | Active watchlist |
| Primary source-record use case | COP/Burlington identity and Bakken permit-spud follow-through |
| Company-reported Q1 total production | 2,309 Mboe/d |
| Company-reported Lower 48 production | 1,453 Mboe/d |
| Clearest current activity layer | North Dakota Burlington Resources |
| ND Burlington permit signal | 474 trailing-12M permits; 129 trailing-90D permits |
| ND Burlington reported-spud signal | 20 trailing-90D spuds; 67 trailing-12M spuds |
| First follow-up | North Dakota Burlington permit/spud table, then NM/TX Burlington and COP production layers |
The company report says ConocoPhillips had scale across the Lower 48. The EnergyNetWatch signal shows why Burlington remains a material public-record label.
At A Glance
| Field | Current signal |
|---|---|
| Total company production | 2,309 Mboe/d |
| Lower 48 production | 1,453 Mboe/d |
| Delaware Basin | 698 Mboe/d |
| Eagle Ford | 367 Mboe/d |
| Midland Basin | 200 Mboe/d |
| Bakken | 183 Mboe/d |
| Q1 earnings | $2.2B |
| Q1 adjusted earnings | $2.3B |
| Cash from operations | $5.4B |
EnergyNetWatch state-source production and activity snapshot for ConocoPhillips and Burlington Resources labels reviewed May 29, 2026.
What Changed Recently
| Signal | Current signal |
|---|---|
| Company update | ConocoPhillips reported 2,309 Mboe/d total production and 1,453 Mboe/d from the Lower 48. |
| Identity signal | Burlington Resources remains material in Texas, North Dakota, and New Mexico source records. |
| Current activity | North Dakota Burlington carried 129 trailing-90D permits and 20 trailing-90D spuds. |
| Production-window depth | Alaska, Texas, North Dakota, and New Mexico each have useful state-source production layers. |
| Project context | Willow belongs in Alaska project monitoring, not the Lower 48 activity table. |
The main signal is North Dakota Burlington current activity plus multi-state identity discipline.
Production-Window Snapshot
| Field | Current signal |
|---|---|
| Alaska ConocoPhillips Alaska | March 2026 latest month; 67.4M BOE trailing 12M |
| Texas Burlington Resources | February 2026 latest month; 59.7M BOE trailing 12M |
| North Dakota Burlington Resources | March 2026 latest month; 53.9M BOE trailing 12M |
| New Mexico ConocoPhillips | March 2026 latest month; 32.5M BOE trailing 12M |
| New Mexico Burlington Resources | February 2026 latest month; 28.5M BOE trailing 12M |
| Texas ConocoPhillips | February 2026 latest month; 15.1M BOE trailing 12M |
These are source-label production-window signals, not a consolidated COP production reconciliation.
Current Activity Snapshot
| Field | Current signal |
|---|---|
| North Dakota Burlington 12M permits | 474 |
| North Dakota Burlington 90D permits | 129 |
| North Dakota Burlington 90D spuds | 20 |
| North Dakota Burlington latest permit | May 19, 2026 |
| North Dakota Burlington latest spud | May 25, 2026 |
| New Mexico ConocoPhillips 12M permits | 70 |
| Texas Burlington 12M permits | 87 |
| Texas Burlington 90D permits | 34 |
| Texas ConocoPhillips 12M permits | 11 |
North Dakota is the cleanest current activity layer in this pull. New Mexico and Texas add production and permit context, but the labels should stay visible.
Why It Matters
| Business question | EnergyNetWatch signal |
|---|---|
| Where is current public activity strongest? | North Dakota Burlington Resources. |
| Why not search only "ConocoPhillips"? | Burlington remains a material state-source label. |
| Where is the Permian follow-up? | New Mexico ConocoPhillips and Burlington labels. |
| What is the Texas caveat? | Texas Burlington is material, but production timing should be checked using the latest nonzero production month. |
| What should be requested? | A COP/Burlington state-source identity and activity table. |
Infrastructure And Midstream Signals
| Layer | Public page treatment | App follow-up |
|---|---|---|
| Bakken / Lower 48 infrastructure | Not expanded into a free COP/Burlington lead list. | Review operator-linked facility, route, gathering, and county rows where source records support the connection. |
| Why limited here | The public page focuses on source labels, production windows, permits, and spuds without releasing the current infrastructure export. | Request the current COP/Burlington package with maps, exports, alerts, and API fields. |
What To Watch Next
| Watch item | Current signal |
|---|---|
| Bakken activity | ND Burlington has the strongest current permit and spud cadence. |
| Delaware / Permian follow-up | NM ConocoPhillips and Burlington give the clearest Permian source-record layer. |
| Texas timing | Use Texas Burlington using the latest nonzero production month, not loaded zero-volume months. |
| Alaska project context | Keep Willow project context separate from production records. |
| Operator identity | Burlington and legacy Conoco labels should stay visible. |
What To Request
The requestable artifact is:
Request the current ConocoPhillips/Burlington state-source identity and activity table.
The export should include source label, state, county, production month, permits, reported spuds, wells, oil, gas, BOE estimate, source dates, maps, alerts, and API delivery options.
Frequently Asked Questions
What did ConocoPhillips report for Q1 2026 production?
ConocoPhillips reported 2,309 Mboe/d of total production in Q1 2026 and 1,453 Mboe/d from the Lower 48.
Why does the EnergyNetWatch review include Burlington Resources?
Burlington Resources remains a material public-record operator label in Texas, North Dakota, and New Mexico.
What is the clearest current activity layer in this pull?
North Dakota Burlington Resources is the clearest current activity layer, with 474 trailing-12M permits, 129 trailing-90D permits, and 20 trailing-90D spuds.
Is this the same as ConocoPhillips' company-reported production?
No. ConocoPhillips' company report describes corporate quarterly production. EnergyNetWatch source records show public production months, operator labels, permits, spuds, wells, and activity locations.
Sources
- ConocoPhillips Q1 2026 results release
- ConocoPhillips Q1 2026 earnings release PDF
- EnergyNetWatch signal-only state-source production, permit, spud, and well-record pulls reviewed May 29, 2026
Data notes
Company figures are from ConocoPhillips Q1 2026 materials. EnergyNetWatch figures are reviewed public state-source records from May 29, 2026 for production months, operator labels, permits, spuds, wells, and activity locations. Company-reported production and state-source records answer different questions: corporate quarterly performance versus source-level follow-up by operator, state, county, permit, well, and production month.
Recommended next pages
ConocoPhillips & Burlington Operator Intelligence: Bakken Permits & Labels
Track ConocoPhillips and Burlington Resources source records across Bakken permits, reported spuds, production windows, and label caveats.
North Dakota Operator Production: March 2026 Oil And Gas Snapshot
EnergyNetWatch reviewed modeled North Dakota well production for March 2026, ranking top Bakken operators by oil and gas volumes while excluding partial April rows.
New Mexico Oil and Gas Production Data: OCD Records, Permits & Spuds
New Mexico OCD production data guide covering wells, operators, counties, permits, reported spuds, source dates, and current table access.
Texas Oil and Gas Production Data: RRC Records, Wells & Operators
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Related EnergyNetWatch pages
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