What mineral owners need to know about the world's largest independent E&P company.
Get Your Free Mineral ValuationHeadquarters: Houston, Texas
Stock Ticker: NYSE: COP
Company Type: Independent E&P (Pure-Play)
Primary U.S. Basins: Permian, Eagle Ford, Bakken, Alaska
Status: Largest independent E&P company globally
Founded: 2002 (Conoco-Phillips merger)
ConocoPhillips is the world's largest independent exploration and production company, focused exclusively on finding and producing oil and natural gas. Unlike integrated majors like ExxonMobil and Chevron, ConocoPhillips does not own refineries or gas stations - they spun off those operations as Phillips 66 in 2012.
This pure-play E&P focus means ConocoPhillips is particularly attuned to upstream operations, drilling efficiency, and production optimization. They operate across the most prolific basins in North America, providing mineral owners with an experienced, technically capable operator.
ConocoPhillips acquired Marathon Oil in 2024, significantly expanding their Eagle Ford Shale and Bakken positions. If you previously received royalties from Marathon Oil, your payments now come from ConocoPhillips. Your lease terms remain unchanged, but expect some administrative transitions during integration.
ConocoPhillips' Eagle Ford position was significantly enhanced by the Marathon Oil acquisition. Key counties include:
Karnes County, TX - Oil window
Atascosa County, TX - Core development
Live Oak County, TX - Eagle Ford operations
McMullen County, TX - Southern Eagle Ford
ConocoPhillips maintains significant Permian acreage in both the Delaware and Midland Basins, focusing on multi-zone development of the Wolfcamp and Bone Spring formations.
The Marathon acquisition added substantial Bakken acreage. Key areas include McKenzie, Williams, and Dunn counties in the core of the Williston Basin.
ConocoPhillips is the largest oil producer in Alaska, operating major fields on the North Slope including Kuparuk River and Alpine.
E&P focus: 100% focused on exploration and production
Multi-basin portfolio: Diversified across major U.S. plays
Regional offices: Owner relations staff in multiple states
Online portal: Digital access to royalty information
Integration period: Marathon owners may see transition delays
Multiple contacts: Different regional offices for different basins
System changes: Former Marathon accounts being migrated
Large company: Corporate processes can be time-consuming
Texas Operations: 1-800-242-9003
Houston Headquarters: 1-281-293-1000
Mail: ConocoPhillips, Owner Relations, P.O. Box 2197, Houston, TX 77252
Use the correct regional contact: ConocoPhillips has different owner relations offices for different operating areas. Use the Texas number for Eagle Ford and Permian, or check your statement for basin-specific contacts.
Register for online access: Their owner portal provides statement access, tax documents, and account management tools.
Former Marathon owners: If you previously received Marathon Oil royalties, update your records with ConocoPhillips contact information. Your owner number may change during integration.
Track production by well: ConocoPhillips statements typically break down production by individual wells, allowing you to monitor performance over time.
Keep records during transition: Save Marathon statements for reference if you need to research historical payments or resolve discrepancies.
ConocoPhillips has regional owner relations offices. For Texas operations, call 1-800-242-9003. For other states, contact their Houston headquarters at 1-281-293-1000. They also provide an online owner portal for account management.
ConocoPhillips acquired Marathon Oil in 2024. If you received royalty payments from Marathon, your payments now come from ConocoPhillips. Your lease terms remain unchanged. Allow 60-90 days for system integration and contact ConocoPhillips if you experience issues.
ConocoPhillips operates across multiple major U.S. basins including the Permian Basin, Eagle Ford Shale, Bakken, and Alaska North Slope. Following the Marathon acquisition, they significantly expanded their Eagle Ford and Bakken positions.
No, ConocoPhillips is the largest independent exploration and production (E&P) company in the world. They spun off their refining and marketing operations as Phillips 66 in 2012. They focus exclusively on finding and producing oil and gas.
ConocoPhillips pays royalties monthly, typically 45-90 days after production depending on the state. Payment timing follows state-specific regulations. Detailed statements accompany each payment showing production volumes and pricing.
Whether you have ConocoPhillips or any other operator, get a free, no-obligation valuation of your mineral rights from our experienced team.
Request Your Free ValuationDisclaimer: This information is for educational purposes only and is not affiliated with or endorsed by ConocoPhillips. Contact information and company details may change. For the most current information, contact ConocoPhillips directly or visit their official website.