ConocoPhillips (COP +1.6%) CEO Ryan Lance says during his conference call that he expects total...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips (COP +1.6%) CEO Ryan Lance says during his conference call that he expects total capital spending of $15.5B-$16B this year vs. $16B he forecast at the end of Q2. Lance sees Eagle Ford production to peak at 100K boe/day in Q4; this quarter, Eagle Ford peaked at 86K, a company record, and averaged 76K. (Q3 earnings)