ConocoPhillips Q2 2026: Bakken Production, Permits & Spuds
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- North Dakota well-status dates do not establish new permit issuance; earlier permit counts are withdrawn.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Correction — September 12, 2026: The earlier North Dakota counts of 113 and 389 are withdrawn as permit-issuance counts. The well-index feed stores a well-status date in issue_date, not verified permit issuance. The historical cohorts have not been reconstructed as issued permits. This correction preserves the Q2 reporting period and does not refresh company figures or reported-spud data.
ConocoPhillips reported second-quarter 2026 results on August 6, 2026. EnergyNetWatch separately reviewed North Dakota well-index and reported-spud records under ConocoPhillips-, Burlington-, and related source labels.
The company figures below are from ConocoPhillips. The North Dakota rows are a separate EnergyNetWatch source-record layer.
For the current operator view, use the durable ConocoPhillips & Burlington operator intelligence page. This page preserves the Q2 event and the current North Dakota record check.
Q2 company update
| Reported item | Q2 2026 |
|---|---|
| Total production | 2,248 thousand Boe per day |
| Lower 48 production | 1,479 thousand Boe per day |
| Delaware Basin production | 720 thousand Boe per day |
| Midland Basin production | 202 thousand Boe per day |
| Eagle Ford production | 363 thousand Boe per day |
| Bakken production | 189 thousand Boe per day |
| Cash provided by operating activities | $7.4 billion |
| Cash from operations, excluding working capital | $7.2 billion |
| Shareholder distributions | $3.0 billion |
ConocoPhillips also reported that it sold noncore Lower 48 assets for $1.7 billion, with the transaction closing in July. The company said full-year guidance was unchanged.
North Dakota source-record check
| EnergyNetWatch record layer | Current matched pull |
|---|---|
| 90-day permit-issuance count | Withdrawn; status-date basis |
| 12-month permit-issuance count | Withdrawn; status-date basis |
| 90-day reported spuds | 13 |
| 12-month reported spuds | 63 |
| Historical well-index source clock | Through August 5, 2026; not a permit-issuance date |
The North Dakota pull includes Burlington Resources and ConocoPhillips-linked source labels. Burlington is kept visible because the state record may use an operating or subsidiary label instead of the parent-company name.
Q1 to Q2 production comparison
| Company-reported item | Q1 2026 | Q2 2026 | Change |
|---|---|---|---|
| Total production | 2,309 Mboe/d | 2,248 Mboe/d | -61 Mboe/d (-2.6%) |
| Lower 48 production | 1,453 Mboe/d | 1,479 Mboe/d | +26 Mboe/d (+1.8%) |
| Delaware Basin | 698 Mboe/d | 720 Mboe/d | +22 Mboe/d (+3.2%) |
| Midland Basin | 200 Mboe/d | 202 Mboe/d | +2 Mboe/d (+1.0%) |
| Eagle Ford | 367 Mboe/d | 363 Mboe/d | -4 Mboe/d (-1.1%) |
| Bakken | 183 Mboe/d | 189 Mboe/d | +6 Mboe/d (+3.3%) |
ConocoPhillips attributed the corporate production change to factors including Qatar disruption and higher Surmont royalties. The company-level change should not be treated as a direct explanation for any individual North Dakota permit or reported-spud row.
What the records show
The historical North Dakota pull contains well-index and reported-spud rows under Burlington and ConocoPhillips-related labels. Neither this review nor the earlier Q1 count establishes permit issuance or permit growth. A verified issuance source is required before making that comparison.
How to read the comparison
The company release reports production and cash flow across the company. The North Dakota table preserves the historical reported-spud counts and withdraws the permit interpretation. The layers should not be added together or treated as a consolidated company reconciliation.
The table does not rank current permitting activity or establish a direct connection between a source row and the company's Q2 production, a specific facility, or a vendor award.
Sources
- ConocoPhillips announces second-quarter 2026 results and quarterly dividend
- ConocoPhillips investor presentations and Q2 materials
- North Dakota Department of Mineral Resources Daily Activity Reports
- ConocoPhillips & Burlington operator intelligence
EnergyNetWatch North Dakota records were reviewed August 8, 2026; their permit-date interpretation was corrected September 12. Well-status dates, reported spuds and company production use different source bases and time windows.
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
ConocoPhillips & Burlington Operator Intelligence: Bakken Permits & Labels
ConocoPhillips and Burlington research with corrected North Dakota date interpretation: well-status dates do not establish permit issuance.
ConocoPhillips & Burlington Q1 2026 Signals: Bakken and Lower 48
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North Dakota Operator Production: March 2026 Oil And Gas Snapshot
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North Dakota Bakken Operator Activity Watchlist: June 2026 Review
North Dakota operator research with corrected date definitions: distinguish well-status changes, permit issuance, spuds and production before building a watchlist.
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