ConocoPhillips & Burlington Q1 2026 Signals: Bakken and Lower 48
ConocoPhillips and Burlington research with corrected North Dakota date interpretation: well-status dates do not establish permit issuance.
By Johnathan · Reviewed by EnergyNetWatch Research · Historical report · Content updated 2026-09-12
Historical report
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- North Dakota well-status dates do not establish new permit issuance; earlier permit counts are withdrawn.
- Burlington and ConocoPhillips source-filed labels should remain visible before any company rollup.
- Company production, historical reported spuds and well-status dates answer separate questions.
Correction — September 12, 2026: Earlier North Dakota permit counts are withdrawn as issuance evidence. The well-index feed stores WellStatusDate in issue_date; the historical cohorts have not been reconstructed as issued permits. Production and reported-spud snapshots below retain their original review dates and are not refreshed by this correction.
EnergyNetWatch reviewed ConocoPhillips, ConocoPhillips Alaska, Burlington Resources, and legacy Conoco labels on May 29, 2026. The earlier 474 and 129 counts are withdrawn as permit-issuance evidence; the historical review separately reported 20 trailing-90-day spuds.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| ND Burlington permit-issuance interpretation | Withdrawn; well-status date basis |
| 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 |
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 | The historical North Dakota review reported 20 trailing-90D spuds; its permit count is withdrawn. |
| 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 permit count | Withdrawn |
| North Dakota Burlington 90D permit count | Withdrawn |
| North Dakota Burlington 90D spuds | 20 |
| Historical North Dakota well-status date | May 19, 2026; not permit issuance |
| 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 well-status records are not a verified new-permit activity layer. New Mexico and Texas add production and permit context, but the labels should stay visible.
Why It Matters
| Business question | EnergyNetWatch signal |
|---|---|
| Does this establish a current permit ranking? | No; the ND permit interpretation is withdrawn. |
| 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 | Verify ND well-status dates and reported spuds independently; no permit-cadence ranking is established. |
| 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?
The May 29 review retained 20 trailing-90D reported spuds. Its 474/129 permit interpretations are withdrawn; these do not establish current permitting strength.
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
Permit interpretation corrected September 12, 2026 using retained ND well-index evidence. Historical issuance cohorts were not reconstructed. Original company and reported-spud snapshots retain their stated periods; this is not a data refresh.
Recommended next pages
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