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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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88th Regular Session Enters Home Stretch

May 1, 2023 by PBOG

Texas representatives and senators are required by law to pass a balanced budget every two years. While the House and Senate each work on the budget and hold hearings simultaneously, they traditionally take turns originating the general appropriations bill and chairing the Budget Conference Committee. For the 2023 Regular Session, the bill originated in the […]

Filed Under: Featured Article, Legislative Matters, Online Exclusive

Beaumont Refinery Expands

May 1, 2023 by PBOG

(BUSINESS WIRE) ExxonMobil announced March 16 the successful startup of its Beaumont refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. Supported by the company’s growing crude production in the Permian Basin, the largest refinery expansion in more than […]

Filed Under: Drilling Deeper

O&G Must Close the Technology Gap

May 1, 2023 by PBOG

(BUSINESS WIRE) Oil and gas companies in North America face an array of major changes driving trends that require more investment in digital technologies and skills, according to a research report published March 6 by Information Services Group (ISG), a leading global technology research and advisory firm. The report, titled “2022 ISG Provider Lens Oil […]

Filed Under: Drilling Deeper

Interior Debunks Biden’s 9,000 Permit Claim

May 1, 2023 by PBOG

For nearly a year the Administration has attempted to redirect scrutiny over its slow walking of federal oil and gas leases by chastising U.S. producers for leaving 9,000 permits to drill on federal lands untapped, according to a statement from the American Petroleum Institute. “There are 9,000 unused approved drilling permits,” former White House Press […]

Filed Under: Drilling Deeper

Pearl Harbor Veteran Laid to Rest

May 1, 2023 by PBOG

Electrician’s Mate 1st Class Harvey Herber, born in Tacoma, Washington, who was serving onboard the battleship U.S.S. Oklahoma during the Dec. 7 attack on Pearl Harbor, was laid to rest at 2 p.m., March 24, at Peaceful Gardens Cemetery in Lubbock, Texas, according to an official report from the U.S. Navy. Herber’s date of birth is […]

Filed Under: Drilling Deeper, People

Trunk Pipelines to Dominate Midstream Project Starts

May 1, 2023 by PBOG

The trunk/transmission pipeline segment is set to dominate upcoming midstream oil and gas projects in the United States, accounting for about 46 percent of the project starts between 2023 and 2027, says GlobalData, a leading data and analytics company. GlobalData’s report, “North America Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development […]

Filed Under: Drilling Deeper

Patent Infringement Lawsuit Resolve

May 1, 2023 by PBOG

(BUSINESS WIRE) Crusoe Energy Systems LLC and Alkane Midstream LLC announced March 21 they have agreed to resolve a lawsuit related to patent infringement. Both parties have agreed to dismiss the lawsuit and enter into a mutually beneficial license agreement. Denver-based Crusoe builds and operates Digital Flare Mitigation systems, a technology that converts otherwise stranded […]

Filed Under: Drilling Deeper

Job growth continues in Texas, state’s oil and natural gas industry

April 28, 2023 by PBOG

Employment in Texas and the state’s oil and gas industry continues to grow, according to Texas Workforce Commission. Texas added jobs again in March to continue more than two years of uninterrupted monthly job growth – although the growth from February to March slowed from previous months. Unemployment in the state held steady at four […]

Filed Under: PBOG Newsletter

Kinder Morgan delays in-service date for Permian Highway pipeline to December

April 28, 2023 by PBOG

Oil & Gas Journal reported last week that the in-service date for the expansion of Permian Highway natural gas pipeline by Kinder Morgan has been delayed again to December 2023. Kinder Morgan attributed the delay to supply chain constraints. Capacity is being expanded by 550 million cubic feet per day for the 430-mile pipeline to […]

Filed Under: PBOG Newsletter

Firebird II gets equity commitments of $500 million from Quantum, others

April 28, 2023 by PBOG

Fort Worth-based Firebird Energy II said last week it has secured equity commitments of more than $500 million, including funds managed by Quantum Energy Partners, to invest in oil and gas properties in Permian Basin. The founders and employees of Firebird II and other partners also are making what was called “significant equity commitments” to […]

Filed Under: PBOG Newsletter

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