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ExxonMobil Corp. has increased its estimated recoverable resource for the Stabroek block to more than 5 billion boe from 4 billion boe following further evaluation of previous discoveries and drilling of the Pluma-1 well offshore Guyana. The well, drilled to 16,447 ft in 3,340 ft of water by Noble’s Tom Madden drillship beginning on Nov. 1, encountered 121 ft of high-quality hydrocarbon-bearing sandstone reservoir.

The US Environmental Protection Agency established quotas on Nov. 30 for renewable fuels in 2019 and for biomass-based diesel in 2020. EPA said the conventional renewable fuel quota, which is met primarily by corn-based ethanol, will be maintained at 19 billion gal in 2019, while required advance biofuel volumes will climb by 630 million gal from 2018 to 19.92 billion gal.

The ConocoPhillips-led group at Bayu-Undan gas-condensate field in the Timor Sea reported the completion of its three infill well program under budget and ahead of schedule. The third and final well was brought on line Dec. 3.

Raymond Plank made an impression on this editor at an event where the former chairman and chief executive officer of Apache Corp. never appeared.

Two steps forward make no progress on a treadmill stuck in reverse. Still, US Reps. Bill Flores (R-Tex.) and John Shimkus (R-Ill.) deserve credit for recognizing that the Renewable Fuel Standards (RFS) program needs work.

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RT @AnteroResources: More than $1B has been paid to West Virginia's local communities in taxes and more than 70,000 jobs have been created.…

RT @AnteroResources: Thanks to local natural gas producers like Antero, West Virginians reap the benefits of steady production. https://t.c

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RT @energizeWV: Hat’s off to the WV Congressional delegation, the Federal DOE and others for pushing this forward. Build it! “Ethane Stora…