# ConocoPhillips Overview for Mineral Rights Owners

**TL;DR:** ConocoPhillips is the world's largest independent E&P company, operating across the Permian Basin, Eagle Ford Shale, Bakken, and Alaska North Slope. The 2024 Marathon Oil acquisition significantly expanded their Eagle Ford and Bakken positions. Mineral owners receive monthly royalty payments typically 45-90 days after production, with regional owner relations offices and online portal access available.

## Key Takeaways

- **Pure-play E&P focus**: Unlike integrated majors, ConocoPhillips operates exclusively in exploration and production after spinning off refining/marketing as Phillips 66 in 2012
- **Marathon Oil integration**: 2024 acquisition means former Marathon royalty owners now receive payments from ConocoPhillips with unchanged lease terms but potential 60-90 day transition period
- **Multi-basin operations**: Significant presence in Eagle Ford (Karnes, Atascosa, Live Oak, McMullen counties), Permian (Delaware and Midland basins), Bakken (McKenzie, Williams, Dunn counties), and Alaska North Slope
- **Regional contact structure**: Different owner relations offices by basin — Texas operations at 1-800-242-9003, Houston headquarters at 1-281-293-1000
- **Online portal available**: Digital access to royalty statements, tax documents, and account management tools
- **Monthly payment schedule**: Royalties paid 45-90 days after production depending on state-specific regulations, with detailed statements showing production volumes and pricing by well
- **Largest independent operator**: As the world's largest pure-play E&P, ConocoPhillips brings technical capability and drilling efficiency across major U.S. basins
- **Former Marathon owners**: Update records with new ConocoPhillips contact information; owner numbers may change during system integration

## Page Highlights

**Company Profile**: ConocoPhillips (NYSE: COP) is headquartered in Houston, founded in 2002 through the Conoco-Phillips merger. As the largest independent E&P globally, they focus exclusively on upstream operations without downstream refining or retail operations.

**Marathon Oil Acquisition Impact**: The 2024 Marathon Oil acquisition substantially expanded ConocoPhillips' Eagle Ford and Bakken positions. Former Marathon mineral owners now receive payments from ConocoPhillips with unchanged lease terms but should expect administrative transitions during integration.

**Primary Operating Areas**: Eagle Ford Shale operations in Karnes, Atascosa, Live Oak, and McMullen counties; Permian Basin acreage in Delaware and Midland sub-basins targeting Wolfcamp and Bone Spring formations; Bakken operations in core Williston Basin counties; Alaska North Slope where they are the largest oil producer.

**Operator Advantages and Considerations**: Advantages include 100% E&P focus, multi-basin diversification, regional offices, and online portal access. Considerations include integration period delays for former Marathon owners, multiple regional contacts, system migration challenges, and corporate processes that can be time-consuming.

**Owner Relations**: Texas operations contact at 1-800-242-9003, Houston headquarters at 1-281-293-1000, mail address at P.O. Box 2197, Houston, TX 77252. Different regional offices handle different operating areas.

**Working with ConocoPhillips**: Use correct regional contacts by basin, register for online portal access, update records if transitioning from Marathon, track production by individual well on statements, and maintain historical records during transition periods.

## Related Topics

- [Top Oil & Gas Operators Guide](https://www.buckheadenergy.com/operators)
- [Eagle Ford Mineral Rights](https://www.buckheadenergy.com/locations/texas/eagle-ford)
- [Bakken Mineral Rights](https://www.buckheadenergy.com/locations/north-dakota/bakken)
- [ExxonMobil Operator Guide](https://www.buckheadenergy.com/operators/exxonmobil)
- [Occidental Operator Guide](https://www.buckheadenergy.com/operators/occidental)
- [Mineral Rights Glossary](https://www.buckheadenergy.com/glossary)
- [How to Sell Mineral Rights](https://www.buckheadenergy.com/how-to-sell)
- [NPRIs Explained](https://www.buckheadenergy.com/npri)

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