A couple of wildcats will add to Anadarko Petroleum Corp.’s campaign in southern Maverick County, Texas (RRC 1). The Woodlands, Texas, company will drill its #1 Briscoe Tovar Ranch to 12,000 ft. in Antonio Rivas Survey, A-788, about two miles northeast of the Texas-Mexico border. The closest well was drilled below 10,000 ft. and is more than eight miles southeast in Dimmitt County, but that well was completed in San Miguel zones shallower than 3,000 ft. Anadarko also plans #1 LMBI Rio Bravo Ranch more than 25 miles southeast of Eagle Pass and four miles east of the Texas-Mexico border. That well, in the same survey as #1 Briscoe Tovar Ranch but seven miles northwest, is projected to 11,000 ft., according to IHS Inc.
Goldman Sachs Expects Commodities Supercycle
2023-03-21 - Jeff Currie, global head of commodities for Goldman Sachs said oil prices will be driven higher by capital flight from the energy market after problems in the banking sector.
Hi-Crush to Deploy Mobile Frac Sand Unit with Pioneer Natural Resources
2023-03-21 - Hi-Crush said it is deploying a second mobile damp sand mining unit with Pioneer Natural Resources following successful operations with the company in September 2022.
Huge Phillips 66 Biofuels Project Will Test the Industry’s Green Promises
2023-03-21 - Phillips 66 says the renewable diesel plant, Rodeo Renewed, will significantly cut certain regulated pollutants and lead to large cuts in greenhouse gasses.
AI, ML Improve Simulations, But Still Vulnerable to ‘Artificial Stupidity’
2023-03-21 - Synthetic data generation can flesh out models to help machine learning and artificial intelligence visualize trends and create better simulations.
BP Delivers Profits of $27.7 Billion in 2022
2023-02-07 - London-based BP Plc reported an underlying replacement cost profit of $27.7 billion in 2022 while reducing net debt to $21.4 billion and achieving an average return on average capital employed of 30.5%. In 2023, the company will remain focused on delivery of its financial frame underpinned by a $40/bbl balance point.