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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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Harris leads 8 Texas counties in top 10 of annual numeric growth in population

July 30, 2024 by PBOG

Eight of the top 10 counties in the U.S. with the largest annual numeric growth in population are in Texas, including top-ranked Harris County that grew from 4,731,122 April 1, 2020, to 4,781,337 July 1, 2022, and 4,835,125 July 1, 2023.  Data from U.S. Census Bureau show Texas’ Collin County is second with 1,195,359 July […]

Filed Under: PBOG Newsletter

Texas receives 68 applications for $1 billion in water improvement projects

July 30, 2024 by PBOG

Texas Water Development Board last week began considering applications for $1 billion for water infrastructure and supply projects.  The Texas Tribune said the board received 68 requests from cities and local water systems for money from the fund, which will be combined with state and federal tax dollars.  The projects selected to receive funds will […]

Filed Under: PBOG Newsletter

U.S. adds 3 rigs, but Texas (276) and New Mexico (108) remain flat

July 30, 2024 by PBOG

U.S. added 3 rigs in the past week for 589 active oil and gas drilling rigs, according to the weekly report of July 26 by Baker Hughes.  That’s down 75 from 664 a year ago.  But Texas and New Mexico did not contribute to last week’s gain.  Both were unchanged – Texas at 276 (322 […]

Filed Under: PBOG Newsletter

Permian Resources to acquire assets in Delaware Basin from Occidental

July 30, 2024 by PBOG

Midland-based Permian Resources said Monday it reached agreement with Occidental Petroleum to purchase a large, contiguous acreage position in Delaware Basin for $817.5 million.  The acquisition is comprised of 29,500 net acres, 9,900 net royalty acres and 15,000 boed near Permian Resources’ existing position in Reeves County.  The deal adds about 200 gross operated locations […]

Filed Under: PBOG Newsletter

The Escalating Cyber Stakes

July 29, 2024 by PBOG

In just one year—2022-2023—ransomware attacks on operational technology (OT) in the United States increased by 50 percent, according to cyber security experts at Dragos, in their 2023 Year in Review. And cyber security firm Palo Alto Networks reported that 70 percent of industrial firms suffered a cyber attack in 2023 (The State of OT Security […]

Filed Under: Featured Article, Industry Analysis, Techonology

U.S. operators generate record megawatt hours of electricity from natural gas

July 26, 2024 by PBOG

U.S. Energy Information Administration said Thursday the nation’s power plant operators generated 6.9 million megawatt hours (MWh) of electricity from natural gas on a daily basis in the lower 48 states July 9.  It’s probably the most in history and certainly since at least Jan. 1, 2019, when EIA began collecting hourly data about natural […]

Filed Under: PBOG Newsletter

U.S. Silica now private after approval of acquisition by Apollo Global

July 26, 2024 by PBOG

Katy-based U.S. Silica said last week its previously announced agreement to be acquired by funds managed by affiliates of investment firm Apollo Global Management was approved by the company’s stockholders.  Closing of the all-cash transaction valued at $1.85 billion is expected by the end of 2024Q3. U.S. Silica is a diversified industrial minerals company, logistics […]

Filed Under: PBOG Newsletter

Clean Energy Fuels starts construction of RNG plant in Dimmitt

July 26, 2024 by PBOG

Newport Beach-based Clean Energy Fuels said Wednesday it started construction of a renewable natural gas production facility at South Fork Dairy in Dimmitt in Castro County.  Groundbreaking occurred for a facility that will produce RNG, an ultra-clean transportation fuel that is made from organic waste and receives a negative carbon intensity score.  South Fork Dairy […]

Filed Under: PBOG Newsletter

Let Energy Freedom Ring

July 26, 2024 by PBOG

energy

For years, the Permian Basin Petroleum Association has been the leading proponent of domestic energy, rallying around our nation’s need to establish a domestic energy policy that promotes places like “Midland, not Moscow.” And this July while we celebrate the 248th anniversary of the founding of our United States, our efforts to encourage natural resource […]

Filed Under: Featured Article, From the President, PBPA

Rig Counts, Consolidation, Super DUG, and E-Fleets

July 25, 2024 by PBOG

energy

U.S. Production. Rystad Energy is out with a U.S. production forecast through 2025. Rystad Energy expects onshore U.S. Lower-48 production growth to be concentrated in the Permian. After growing about 350K bpd between the fourth quarter of 2022 and the fourth quarter of 2023, this year Rystad Energy expects fourth quarter combined Bakken, Eagle Ford, and […]

Filed Under: Business & Analysis, Featured Article, People

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