ConocoPhillips has no appetite for big corporate acquisitions in the Permian Basin, but it will continue to pursue smaller deals for adjacent acreage, Chairman and CEO Ryan Lance said. The company, which operates about 800,000 acres in the Permian, is aiming for capital spending of about $6 billion in 2019.
Sign up for API SmartBrief
Oil and natural gas industry news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.