Proclaiming its latest slogan—“Celebrate our History… Embrace our Future”—the Permian Basin International Oil Show (PBIOS) returns Oct. 19-21 following a year when Covid forced the show to forestall its opening. Organizers of the massive trade show look forward to tens of thousands of attendees, as in past runs. PBIOS is always held in the Ector […]
Toast to a Worthy Water Feature
On the dates of Aug. 12-14, dozens of loyal Garrison Brothers fans flocked to the Gage Hotel, in Marathon, Texas, for the Bourbon Excursion, a week dedicated to enjoying good bourbon and raising money for “Good Bourbon For A Good Cause.” The event benefits a 501c3 charity dedicated to providing support for good causes across […]
Taft Pipeline Sees Completion
Pin Oak Corpus Christi, LLC, announced Aug. 26 the completion of the Taft 20-inch Pipeline, which provides the Pin Oak Taft Terminal with interconnections to Flint Hills Resources Midway Station and Cactus II Taft Terminal. The bidirectional pipeline connection(s) to the Cactus II Taft Terminal and the Flint Hills Resources Midway Station provides inbound receipts […]
Washington, D.C. group releases third report on reducing flaring
Environmental Partnership recently released its third annual report on the oil and gas industry’s progress in reducing flaring. Participants in the flare management program reported a 50 percent reduction in flare volumes from 2019 to 2020 even as oil and gas production remained consistent. The Washington, D.C.-based group said the program demonstrates “the industry’s commitment […]
Texas Flaring Coalition releases first report on reducing emissions
Texas Methane and Flaring Coalition recently released the first edition of its “Methane and Emissions Report,” which details how the Texas crude oil and natural gas industry works to reduce methane and other emissions to protect the environment. The group said the percentage of natural gas flared of all natural gas produced in Texas decreased […]
Rig counts more than double in Permian, Texas, NM in past year
Permian Basin, Texas and New Mexico continue to report more than twice the number of active oil and gas drilling rigs compared to a year ago. Baker Hughes said as of Sept. 24 there were 260 rigs in Permian (259 week ago, 125 year ago), 242 rigs in Texas (239 week ago, 113 year ago), […]
Ranger Energy acquires assets of Basic Energy in Texas, New Mexico
Houston-based Ranger Energy Services said Sept. 16 its subsidiary Ranger Energy Acquisition was the successful bidder to acquire certain assets of Basic Energy Services in bankruptcy auction for $36.65 million cash. Basic Energy owns properties and assets in Texas, New Mexico and Oklahoma. Ranger is an independent provider of well service rigs and associated services […]
ExxonMobil, Chevron, Marathon, others to create carbon storage complex
Eleven Houston energy and chemical companies said Sept. 16 they plan to create a large carbon storage complex in the Houston area to serve the region’s industrial and petrochemical sectors. ExxonMobil, Chevron, Dow Chemical and eight other companies said they will develop a storage site or sites capable of storing up to 50 million metric […]
Lagoon Water Midstream acquires Midland’s Double Drop Resources
Oklahoma City-based Lagoon Water Midstream said Sept. 21 it closed on acquisition of Midland water management company Double Drop Resources. The deal expands Lagoon’s operations and establishes it as a multi-basin water management company with new presence in Permian Basin. Lagoon absorbed all Double Drop employees and will maintain an office in Midland with plans […]
To Execute the Will of our Members
The greatest reason for PBPA’s success has always been the engagement of our membership. Since 1961, our members have empowered the association to truly be the voice of the Permian Basin in Austin, Santa Fe, Washington, D.C., and in venues around the world. While our staff is in place to execute the will of our […]
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