Locator: 49586SYNOPSYS.
From Reuter's today:
What is Synopsys?
Locator: 49585APPLE.
AI prompt: I missed it. Apple's C-suite changes. AI chief Giannandrea retiring; his folks now report to Craig Federighi; AI folks moving elsewhere. What do the tea leaves say about these moves?
Google search:
Locator: 49584B.
Apple's AI chief John Giannandrea stepping down. Was this why AAPL was up today?
Casinos: NYC to gain three mega-casinos. Wow. Huge.
Market: today, companies of interest that hit new 52-week highs --
***************************
Back to the Bakken
WTI: $59.32.
Active rigs: 30.
Four new permits, #42520 - #42523, inclusive; Phoenix Operating with permits for six Stanley wells, NWNE 30-158-92, to be sited 430 FNL and 2161 / 2251 FEL:
Six permits renewed:
Locator: 49583TECH.
Jargon: zero-legacy day. Could Apple tap into this?
Mag 7:
Chart of the day: MU --
Most surprising ticker: GM. Maybe it should have been the chart of the day.
From Reuter's today:
Beth:
Black Friday - Cyber Monday: link here.
X-files:
Global warming:
Locator: 49582B.
WTI: $59.33. Up 1.33%; up 78 cents. Venezuela?
New wells reporting:
Tuesday, December 2, 2025: 1 for the month, 124 for the quarter, 708 for the year,
None.
Monday, December 1, 2025: 1 for the month, 124 for the quarter, 708 for the year,
41327, conf, Hess, EN-Rice-155-94-1102H-5,
Sunday, November 30, 2025: 65 for the month, 123 for the quarter, 707 for the year,
41700, conf, Marlo Operating, TOSCO Branch 4,
41663, conf, Petro-Hunt, Lee 158-4-15A-27-1HS,
41328, conf, Hess, EN-Rice-155-94-1102H-4,
41243, conf, Hess, GO-Vinger-156-98-2116H-7,
41024, conf, CLR, Berlain 6-30H,
40558, conf, Hess, GO-Bergstrom-156-98-2833H-6,
36700, conf, BR, Muri 2A-MBH,
Saturday, November 29, 2025: 58 for the month, 116 for the quarter, 700 for the year,
41530, conf, CLR, Garfield Federal 8-5H,
RBN Energy: Phillips 66's integratioin creates efficiencies at the Sweeny Complex. Archived.
Phillips 66’s Sweeny Complex includes refining, midstream and petrochemical facilities, all located in and around Sweeny, TX, about 65 miles south of Houston. It serves as a model for how a well-designed and integrated facility can deliver operating and financial efficiencies. In today’s RBN blog, we’ll review the complex’s capabilities, examine how this important and interconnected asset performs within the Phillips 66 system, and consider how the organization’s refining expertise and the stellar performance of its four fractionators effectively negates the need for a fifth unit, the “Ghost Train” referenced in today’s headline.
We should note up front that while in European and Asian countries it’s common for refineries and petrochemical plants to be located within a single, interconnected complex — mostly due to their steam crackers‘ traditionally heavy dependence on refinery-sourced naphtha as a feedstock — that approach is far less typical in the U.S., in part because crackers in the Lower 48 more commonly use lower-cost ethane, propane and other NGLs (not naphtha) as their primary feedstocks. Therefore, the connectivity of Sweeny’s midstream assets (fractionators) is a notable competitive advantage.
Now, on to the Sweeny Complex. Its focal asset is the 265-Mb/d refining unit producing traditional transportation fuels from a slate of sweet and sour crudes. It also has four fractionators with a combined capacity of 550 Mb/d. (More on these later.) The associated and co-located chemical units — owned by Chevron Phillips Chemical (CPChem), a 50/50 joint venture with Chevron — produce ethylene, propylene, 1-hexene and polyethylene. There are also multiple inbound and outbound pipelines, aboveground tanks and subterranean storage, all of which support the site’s refining, fractionation and chemical activities.
Sweeny’s operational and logistical advantages arise from the combination of integrated refining, midstream and chemical facilities, pipelines and processing systems, all intersecting on the Texas Gulf Coast. We’ve touched on the refining, chemical and NGL aspects of this facility separately in other blogs, including Let’s Work Together.
Building a highly integrated hydrocarbon processing system does not happen by accident or overnight. It evolves strategically over time and in Sweeny’s case resides a unique origin story. As shown in Figure 1 below, the initial Sweeny refining unit was established by the U.S. government in 1942 as part of the war effort. The facility was located well inland (about 20 miles from the Gulf) to protect it from the risk of direct naval attack. The unit was operated by the government through the conclusion of World War II. Following the war, the unit was idled for a couple of years then acquired by a Philips 66 predecessor in 1947.