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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Phillips 66 says Dos Picos II gas processing plant in Midland Basin now online

August 1, 2025 by PBOG Leave a Comment

Houston-based Phillips 66, in its second quarter financial report, said its Dos Picos II gas processing plant in Midland Basin recently came online ahead of schedule and on budget.  Mark Lashier, chairman and CEO, said July 25, “Phillips 66 delivered strong financial and operating results across our integrated value chain, reflecting the continued execution of […]

Filed Under: PBOG Newsletter

Enterprise Products Partners expands, commissions plants in Delaware Basin

August 1, 2025 by PBOG Leave a Comment

Record volumes from operations in Permian Basin and Haynesville helped Houston-based Enterprise Products Partners maintain its financial results in the first half of 2025.  A.J. (Jim) Teague, co-CEO, said Monday, “We are excited for the opportunities the second half of 2025 is poised to present with approximately $6 billion of our organic growth capital projects […]

Filed Under: PBOG Newsletter

New Mexico side of Permian leads oil output growth from onshore federal lands

August 1, 2025 by PBOG Leave a Comment

Production of crude oil from onshore federal lands has increased in recent years because of significant growth in drilling activity and operations.  U.S. Energy Information Administration said Monday, “Most of this growth was in New Mexico from crude oil produced from federal lands in the Permian Basin.”  According to data from Office of Natural Resources […]

Filed Under: PBOG Newsletter

WTI and Permian Gas Price Trends

August 1, 2025 by PBOG Leave a Comment

In the second half of 2025, West Texas Intermediate (WTI) is expected to average around $66 per barrel, reflecting elevated geopolitical risk premiums—particularly due to tensions in the Middle East—while tempered by ample global supply growth. The U.S. Energy Information Administration (EIA) raised its mid-year forecast accordingly and now expects WTI to gradually decline to […]

Filed Under: Featured Article, Online Exclusive

Texas Legislature Stakes RRC’s Mission

August 1, 2025 by PBOG Leave a Comment

The Texas Legislature took major action this legislative session with historic funding for the Railroad Commission of Texas (RRC), appropriating more than $593 million for the agency over the next two fiscal years. This appropriation includes $100 million for oil and gas well plugging to be used by the RRC’s State Managed Plugging Program (SMP) […]

Filed Under: Drilling Deeper

Energy M&A Activity Attains New Heights

August 1, 2025 by PBOG Leave a Comment

 With energy demand increasing substantially in recent years, energy and utilities companies are preparing for immediate growth opportunities, and they are using mergers and acquisitions (M&A) as a tool to increase operational efficiencies, integrate new technologies, and create greater stability within the sector. Energy sector M&A is gaining significant momentum, with transaction volumes exceeding $57B in […]

Filed Under: Drilling Deeper

Oxy’s Hollub Named Recipient of Award

August 1, 2025 by PBOG Leave a Comment

WPC Energy announced June 30 that Vicki Hollub, President and CEO of Occidental (since 2016), has been selected as the recipient of the Dewhurst Award, the highest honor bestowed by WPC Energy, in recognition of Hollub’s leadership and contributions to the energy industry. The award will be formally presented during the 25th WPC Energy Congress, […]

Filed Under: Drilling Deeper

Energy Group Lauds U.S. Senate Proposal

August 1, 2025 by PBOG Leave a Comment

American Energy

The Energy Workforce and Technology Council (EWTC) released on June 12 the following statement applauding the United States Senate Energy and Natural Resources Committee’s Reconciliation proposal: “This is a strong step toward restoring common sense in American energy policy,” said Energy Workforce President Tim Tarpley. “The Senate Energy and Natural Resources Committee’s proposal prioritizes American energy security […]

Filed Under: Drilling Deeper

Manufacturer Rolls Out New Line of Specialty Gas Dryers

August 1, 2025 by PBOG Leave a Comment

Natural gas keeps stealing the headlines in O&G in 2025, and as the prospects for gas soar, so does the infrastructure commitments and hardware manufacturing. The latest rollout comes from PSB Industries, a specialist in the design and fabrication of systems for dehydrating and purifying gases and liquids. PSB announced its new offerings of Specialty […]

Filed Under: Drilling Deeper

Declines of rig counts resume in U.S., Permian, Texas, New Mexico

July 29, 2025 by PBOG Leave a Comment

After a one-week reprieve, the count of active drilling rigs in U.S. resumed its decline last week.  Baker Hughes said in its weekly report of July 25 the U.S. count declined by 2 in the previous week to fall to 542.  The U.S. count is down 8 percent or 47 rigs from 589 a year […]

Filed Under: PBOG Newsletter

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