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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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EIA: U.S. exported 30 percent of domestic primary energy production in 2024

August 22, 2025 by PBOG Leave a Comment

U.S. Energy Information Administration said recently the nation exported about 30 percent of its domestic primary energy production.  Of the record 103 quadrillion British thermal units (quads) of total primary energy production in the U.S. in 2024, a record 31 quads went to other countries.  The percentage has grown considerably in recent decades, according to […]

Filed Under: PBOG Newsletter

Workforce Commission reports upstream employment declines again in July

August 22, 2025 by PBOG Leave a Comment

Texas Workforce Commission said last week that upstream oil and natural gas employment fell by 1,400 jobs in July compared to June.  (June’s loss was revised to 1,500 from previously estimated 2,700.)  Commission said Texas led with 308,918 jobs followed by Louisiana with 52,934, Oklahoma with 48,243, Colorado with 25,738 and New Mexico with 23,709 […]

Filed Under: PBOG Newsletter

Midland’s Permian Resources increases production forecast for 2025

August 22, 2025 by PBOG Leave a Comment

Midland-based Permian Resources said recently it has increased midpoint of full year production guidance by about 3 percent to 385,000 boed and 178,500 b/d of crude oil.  The increase is driven by “continued strong well results and the recently closed APA bolt-on acquisition” (13,000 acres in northern Delaware Basin in June).  The company also is […]

Filed Under: PBOG Newsletter

Forklifts and Lift Training

August 21, 2025 by PBOG Leave a Comment

Each year this particular topic—safe operation of forklifts—is overlooked by too many, to the detriment of the everyday worker. There are numerous people who are accustomed to operating a forklift. However, there are significantly fewer people formally trained and certified in forklift operations. This fact in and of itself illustrates a huge gap. Due to […]

Filed Under: Environmental, Safety and Training, Featured Article

Coterra will provide 50 million cfd of gas to CPV power plant in Ward County

August 19, 2025 by PBOG Leave a Comment

Houston-based Coterra Energy said recently it reached a natural gas sales agreement with Basin Ranch Energy Center, a unit of Competitive Power Ventures Group’s in Ward County.  The center is a proposed 1,350 megawatt combined cycle power plant being designed with an option to include carbon capture.  The agreement to sell 50 million cfd for […]

Filed Under: PBOG Newsletter

Permian, Texas rig counts continue decline to lowest since September 2021

August 19, 2025 by PBOG Leave a Comment

Permian Basin and Texas continued their declines in count of active drilling rigs.  Baker Hughes said as of Aug. 15 there were 255 rigs in Permian (down 1 in the past week, down 48 or 16 percent from 303 a year ago) and 242 rigs in Texas (down 1 in past week, down 31 or […]

Filed Under: PBOG Newsletter

Targa announces record Permian Basin transportation volumes in 2Q

August 19, 2025 by PBOG Leave a Comment

Houston-based Targa Resources recently announced record Permian Basin and NGL transportation volumes during the second quarter.  Targa also announced a 43-mile extension of its Bull Run natural gas pipeline to enhance natural gas connectivity from Targa’s Delaware system to Waha to begin operations in 2027Q2. Targa expects early completion of several projects, including Pembrook II […]

Filed Under: PBOG Newsletter

ONEOK adds to gas processing capacity in Permian with new plant, relocation

August 19, 2025 by PBOG Leave a Comment

Tulsa-based ONEOK said recently it will add to its natural gas processing capacity in Permian Basin with construction of a new plant in Delaware Basin and relocation of an existing plant from north Texas to the Midland Basin.  ONEOK is relocating its Shadowfax plant (capacity 150 million cfd) to west Texas by 2026Q1. The new […]

Filed Under: PBOG Newsletter

Artificial Lift That Thinks for Itself

August 18, 2025 by PBOG Leave a Comment

Click here to listen to the Audio verison of this story! In today’s data-driven oil field, having a system that manages and accurately interprets that data, in as close to real time as possible, is now a basic necessity. NOV and Lufkin are both using advanced systems to better manage production at various stages of […]

Filed Under: Featured Article, Fracking, Frac Sand and Water

Texas federal judge overturns protections for lesser prairie chicken

August 15, 2025 by PBOG Leave a Comment

A federal court judge in Texas issued a ruling this week to end Endangered Species Act protections for the lesser prairie chicken and overturn a U.S. Fish and Wildlife Service rule to safeguard the bird.  It resides in the major oil- and gas-producing states of Texas, New Mexico, Oklahoma, Colorado and Kansas.  Judge David Counts […]

Filed Under: PBOG Newsletter

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