ConocoPhillips lands in Midland as Permian operations anchor output amid global turmoil

ConocoPhillips flew from Cavern City Air Terminal in Carlsbad, New Mexico, to Midland International Air and Space Port in Texas on Wednesday evening, a 45-minute hop across the Permian Basin in its Embraer ERJ-145XR (N284CP).

The flight arrives the same week ConocoPhillips is adjusting to a lower production forecast after Iran conflict disruptions knocked out about a sixth of Qatar’s LNG export capacity, per a Reuters report via EnergyNow.com. The company has also made news with a landmark gasfields deal in Syria and a 30-year gas supply agreement for the Alaska LNG project, as covered by World Oil and Simply Wall St. Yet its bread-and-butter remains the Lower 48, which produced 1.45 million barrels of oil equivalent per day in the first quarter, led by the Delaware Basin — the very region this flight traverses.

The trip follows a pattern of frequent crew shuttles between ConocoPhillips’ Houston headquarters and the Midland hub, as well as recent moves from Williston, North Dakota, near the Bakken. For a company navigating macro volatility, the Permian remains the steady hand.