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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.

  • News
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    • Legislative Matters
  • Business & Analysis
  • Service Articles
    • Automation, Controls and Measurement
    • Environmental, Safety and Training
    • Fracking, Frac Sand and Water
    • Infrastructure
    • Pipe and Pipe Service
    • Technology
    • Wireline and Testing
  • Legal Articles
  • Drilling Deeper
  • Permit Map

Trends continue in Permian’s most active counties, Lea and Eddy

February 23, 2023 by PBOG

Rig count in Lea County, N.M., declined for the third straight week as of Feb. 17 while the count in Eddy County, N.M., increased for the fourth straight week, according to Baker Hughes.  They are the two most active counties in Permian Basin.  Lea continues to lead with 58 rigs (down 3 in past week), […]

Filed Under: PBOG Newsletter

EnLink to relocate gas processing plant from north Texas to Delaware Basin

February 23, 2023 by PBOG

Dallas-based EnLink Midstream said last week it will relocate an underutilized natural gas processing plant from Barnett Shale in north Texas to Delaware Basin at a cost of about $30 million.  EnLink said Feb. 14 that Project Tiger II is “a low-cost, high-return project” expected to add 150 million cfd of natural gas processing capacity.  […]

Filed Under: PBOG Newsletter

Vital Energy acquires Midland Basin assets in Reagan, Upton counties

February 23, 2023 by PBOG

Tulsa-based Vital Energy said last week it signed an agreement to buy assets of another Midland Basin driller, Driftwood Energy Operating, for $215.6 million in cash and stock ($127.6 million cash).  The deal includes 11,200 net acres (16,500 gross, 91 percent held by production) in Reagan and Upton counties with current production of about 5,400 […]

Filed Under: PBOG Newsletter

Life on the Wire

February 20, 2023 by PBOG

“It’s super competitive.” Those were the first words out of the mouth of Max Killingsworth, a wireline professional working in the Permian Basin, when asked what conditions are like for wireline companies trying to maintain market share in the ever-bustling Basin. Killingsworth is Operations Manager for Unconventional in the Odessa District for KLX Energy Services. […]

Filed Under: Featured Article, Wireline and Testing

EPA delays decision on declaring Permian counties non-attainment areas

February 17, 2023 by PBOG

U.S. Environmental Protection Agency said last month it has delayed a decision on whether to declare the Permian Basin a non-attainment area for ozone.  Houston Chronicle called the announcement “a break for oil and gas drillers that faced potentially severe restrictions on the amount of pollution they release into the air.” EPA said last year […]

Filed Under: PBOG Newsletter

Permian down 1, Texas down 6 in rig count year-to-date

February 17, 2023 by PBOG

Rig counts in Permian Basin and Texas declined for the second straight week, according to Baker Hughes in its weekly report of Feb. 10.  Permian Basin’s count fell by 2 in the past week to 352 (353 to start 2023), and the count in Texas was down 7 in the past week to 370 (376 […]

Filed Under: PBOG Newsletter

Oil production to grow to 5.682 million b/d in Permian Basin in March

February 17, 2023 by PBOG

Production of oil and natural gas continues to grow in forecasts from U.S. Energy Information Administration.  In its latest drilling productivity report this week, EIA said oil production is expected to grow by 30,000 barrels per day in March to 5.682 million b/d from 5.652 million b/d in February.  Overall in seven major producing regions […]

Filed Under: PBOG Newsletter

Marathon affiliate MPLX increases 2023 capital spending in Permian Basin

February 17, 2023 by PBOG

Growth plans for Marathon Petroleum affiliate MPLX include new gas processing plants in Permian Basin and Marcellus.  MPLX said Jan. 31 its capital spending in 2023 will be $950 million, including $800 million of growth capital ($712 million last year) and $150 million of maintenance capital ($143 million last year). In the Permian Basin, MPLX […]

Filed Under: PBOG Newsletter

Railroad Commission adds requirements for new disposal well permits

February 17, 2023 by PBOG

Railroad Commission of Texas said last week it will add more requirements to new disposal well permits in Permian Basin to help the agency and industry monitor and respond to injection and reservoir conditions that may induce seismic activity.  The new regulations will require certain new disposal wells to be equipped and operated with a […]

Filed Under: PBOG Newsletter

Deliver Excitement and Gain Results!

February 16, 2023 by PBOG

Greeting and salutations! Here’s hoping that this month brings milder weather, higher oil prices, and good fortune to all in the oil and gas industry. Have you ever seen the movie Ferris Bueller’ Day Off? It was a hit show in 1986 and it had numerous memorable cameos and fun scenes that make the film […]

Filed Under: Environmental, Safety and Training, Featured Article

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