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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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PBPA Annual Meeting: Sept. 27-28

September 21, 2023 by PBOG

PBPA Annual Meeting

It seems like every year when September rolls around, I find myself asking what happened to the summer months? Time slips by in all the hustle and bustle of everyday life. The kids are already back in school, and a new football season is upon us… thankfully. For the Permian Basin Petroleum Association, September means […]

Filed Under: Featured Article, From the Chairman, PBPA

Amplified Technologies offers digital solutions for oil, gas industry

September 19, 2023 by PBOG

Somerville, Mass.-based Amplified Technologies said recently it launched new digital technology to provide oil and gas operators with realtime operations data.  The startup was launched with $10 million in funding.  The company’s customers, including several in west Texas, range from small operators with 12 wells to large operators with 2,500 wells.  Amplified said Aug. 29 […]

Filed Under: PBOG Newsletter

Rig counts in Permian Basin, Texas, U.S. continue to rebound

September 19, 2023 by PBOG

Rig counts in Permian Basin, Texas and U.S. continued to rebound, according to weekly report of Sept. 15 by Baker Hughes.  There were 322 rigs in Permian Basin (320 last week, 343 year ago), 317 in Texas (310 last week, 364 year ago) and 641 in U.S. (632 last week, 763 year ago).  The count […]

Filed Under: PBOG Newsletter

Callon Petroleum expands development after successful well in Ward County

September 19, 2023 by PBOG

Houston-based Callon Petroleum said recently it expanded its development area in third Bone Spring shale following a recent successful well in Ward County.  The well is outperforming expectations and is Callon’s highest-performing completion in the formation, according to Joseph Gatto, president and CEO.  The well was completed with a lateral of 9,721 feet and delivered […]

Filed Under: PBOG Newsletter

Vital Energy adds three more acquisitions in Delaware, Midland basins

September 19, 2023 by PBOG

Tulsa-based Vital Energy said last week it agreed to expand its position in Permian Basin with three transactions totaling about $1.165 billion.  Vital will acquire assets from affiliates of Henry Energy and Henry Resources, Tall City Property Holdings and Maple Energy Holdings.  Each deal is expected to close in 2023Q4, and they will add about […]

Filed Under: PBOG Newsletter

Schlumberger Cooks the Competition

September 18, 2023 by PBOG

Schlumberger Cooks the Competition

MIDLAND, TEXAS—The 2023 Permian Basin Petroleum Association Sporting Clay Shoot and Oil Patch Pit Challenge is now in the books, and, where the cooking part is concerned, Schlumberger cooks the competition. Held at Jakes’s Clays on Aug. 11, the occasion brought together some masterful cooking teams and some extraordinary clay shooters. We share some scenes […]

Filed Under: Featured Article, PBPA, People

Enverus Intelligence Research reaffirms forecast of $100 oil by yearend 2023

September 15, 2023 by PBOG

Enverus Intelligence Research this week reaffirmed its forecast that Brent prices will reach $100 per barrel of oil by the end of 2023.  Al Salazar, senior vice president, said Wednesday, “Fundamental data released prior to our deadline of Aug. 31 has been mixed.  However, we are reaffirming our call that Brent prices will reach $100 […]

Filed Under: PBOG Newsletter

U.S. Fish and Wildlife extends comment period for dunes sagebrush lizard

September 15, 2023 by PBOG

U.S. Fish and Wildlife Service extended the public comment period for its consideration of listing the dunes sagebrush lizard as an endangered species to Oct. 2, 2023, from Sept. 1, 2023, to allow 90 days of comments.  Permian Basin Petroleum Association had requested the extension to allow the association additional time to develop its response.

Filed Under: PBOG Newsletter

Oil, gas industry contributes $2.1 billion to 2 Texas education funds in 2022

September 15, 2023 by PBOG

According to a report from Texas Oil and Gas Association, 99 percent of oil and natural gas royalties paid by Texas companies last year went to the state’s permanent school fund and permanent university fund – both support public education in Texas.  About $2.1 billion was contributed to the two funds – bringing the total […]

Filed Under: PBOG Newsletter

EIA: U.S. exports more LNG than any other country in first half of 2023

September 15, 2023 by PBOG

U.S. exported more liquefied natural gas than any other country in the first half 2023, according to U.S. Energy Information Administration.  According to data from International Association for Natural Gas, LNG exports from U.S. averaged 11.6 billion cubic feet per day in first half of 2023 – 4.0 percent more than in first half 2022.  […]

Filed Under: PBOG Newsletter

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