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Barry 🛢🔥
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Barry 🛢🔥
@circsamples
Consulting geologist, photography. Proud husband 47 yrs, father of two veterans and 2 grandsons. Friend of Bill. Oilfield trash & 10th Amendment fan #EFT #OOTT
West Texas Se unió Ağustos 2016
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Barry 🛢🔥 retuiteado

Petrobras is wrapping up a rig tender for pre-salt giant Búzios as 3 new 225k bpd FPSOs arrive in '27 w/ an efficiency program driving down costs across the portfolio. With Atlantic export access and wells outperforming earlier vintages, this is a deepwater oil story to watch 🇧🇷
(1) Petrobras' outstanding Búzios rig tender, marketed as 'up to 4' rigs on 3–4 year terms, appears set to award units soon, with commencement tracking for early 2027. Only one award is expected to be a 7G drillship (Constellation's Brava Star) with the dayrate estimated to be in the upper-mid $300k range. This week Brazil had two low-to-mid tier deepwater rig awards: Constellation (unnamed rig) at $255k for 4 years and Foresea’s ODN I drillship at ~$280k for 3-4 years. Both Constellation and Foresea are regional drillers with materially lower costs operating in Brazil and bid rigs off cash margins. Important to consider international drillers carry >$60k/day more in local costs than domestic drillers and must bid higher for similar margins.
(2) $PBR is also running an efficiency program, utilizing supplier intelligence to drive improved capital investment across its deepwater E&P portfolio. The timing is favorable as Petrobras begins a Búzios ramp in 2027.
Brazil's deepwater portfolio spans the Santos and Campos Basins, although the Santos pre-salt giants Tupi, Búzios and Mero alone produced ~2.47 million bpd in January 2026, with further capacity additions forthcoming.
Búzios is an exceptional deepwater asset: situated in ~2,000m water depth with reservoir thickness reaching >400 meters in places. Three FPSOs of 225,000 bpd capacity each are scheduled for delivery in ‘27 and with recent Búzios wells outperforming earlier vintages, PBR is weighing upward capacity revisions to each FPSO. The Búzios FPSO adds will support future drilling demand, although future decline rates will be a key variable.
(3) For all its significance to Petrobras, Búzios at full capacity with new FPSO’s represents only ~10% of the barrels currently offline in the Middle East — excluding lost Qatari LNG capacity. Deepwater is a long-cycle oil production growth driver, although insufficient to fill near-term supply gaps.
(4) The Búzios, Tupi and Mero fields sit >200 km off Rio de Janeiro, with production exported via VLCCs to China, Europe and the US. China is a key export destination, and considering Brazil is the “B” in BRICs it will be curious how many more barrels are exported to China considering their import demand. It’s notable the Brazil-China haul generates roughly 2x the tonne-miles of a comparable voyage to the US or Europe and ~1.67x that of the Saudi Arabia-China route. $FRO $DHT $ECO
(5) Other sources reported Equinor recently cancelled its ~1 year Bacalhau tender in Brazil. While not a major surprise, it likely sends Seadrill’s 7G West Carina into other markets with multiyear work starting in 2027 such as Africa and SE Asia.

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I know of a couple sample logs from the 80s that claimed they saw fr stain, good fluoro, and good streaming cut in this aquifer. ~couple hundred feet deep.
I showed them to my old boss, half joking, and told him I’d found the oil window of the Ogallala.
He looked at the logs, then at the map, then back at the logs, paused, and said “there used to be a jiffy lube here”.
TFG87@TFG870
Goodbye high plains aquifer. We will just drink red dirt. It’s fine, I’m sure it will be fine. The massive companies rarely lie. Right?
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@WallStreetApes @raccoonrocket_ Developer: Developed by Fermi America™, co-founded by former U.S. Energy Secretary Rick Perry and Toby Neugebauer. 👀😂
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WOW 🚨 A new Data Center is being built in the Texas Panhandle that will use more power than ALL THE HOMES IN TEXAS COMBINED TIMES 2
- It’ll be the largest data center in the world, at 18 million square feet
- The site will span over 6,000+ acres (9 square miles)
- It will use up to 11 GW
- The on-site generation is described as producing more electricity than 15 states use at their peak
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3 Day rainfall totals after the storms! A few stations saw quite a bit the last few days. The most being 3.82 inches at Fort McKavett! #txwx #wtxmesonet

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Eddie Van Halen. Still break out in goose bumps when I hear the opening to Jump
Jim@JVMonte2
Who was the FIRST keyboardist or pianist that left you mesmerized?
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@WHjohnherring @NotFreeCashFlow It’s nice to get a bump on non-op checks
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Having a vertically integrated upstream e&p is way more sexy on paper.
This is American oil from American soil. The story of the 760,000 stripper wells supporting small communities around the US.
Mom and pops, the grey hairs, the wizards, the last of a great generation:
It’s nice to see them have a day.

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@Tejanobrown A few years of mudlogging or open hole wireline guarantees rock bottom.
Schlumberger hiring on north slope.
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@oil2maine @FauxRight That’s a piece of an oil saturated Tannehill sandstone core we cut in 1987 from roughly 3000’
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US Midstream execs watching Iran implement a fee-for-service scheme on a long-life critical infrastructure asset with no alternative flow routes

First Squawk@FirstSquawk
IRAN: DRAFTING PROTOCOL WITH OMAN FOR HORMUZ STRAIT TRAFFIC
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@Jimbo_Wise GR is off scale it’s so clean, might be reason resistivity is so high. No bound water in clay holding it down.
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@circsamples It’s the only field around here that every well drilled through the sand and you can see it. Most are full of old open hole wells. Surprisingly also way more dolomitic (maybe) with high resistivity than Wx in other fields. Can produce at 10 ohms and then there’s this. Crazy.
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@MaryTilesTexas Think wearing your cap backwards threatens them 🧢😎
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