The Houston-headquartered independent, which spun off its downstream assets as Phillips 66 last year, sees strong potential in the region following an onshore push, Ryan Lance told shareholders at an annual meeting.
The company expects drilling will take about 90 days in hopes the well will add another success to discoveries as a partner in the Shenandoah-2 and Coronado probes, Lance added in a news conference after the meeting.
"The
