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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
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    • Technology
    • Wireline and Testing
  • Legal Articles
  • Drilling Deeper
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Ongoing Research Boosts Refrac Results in the Permian and Elsewhere

November 28, 2023 by PBOG

Three realities are converging in many basins to encourage more producers to refracture existing wells. One is that, other than in the Permian Basin, the best prospects have been drilled, so that newer wells are costing more to drill while producing less. Another factor is that newer frac technology is releasing much more oil than […]

Filed Under: Featured Article, Fracking, Frac Sand and Water, Producers and Exploration Tagged With: child well, Nine Energy, parent well, peak completions, refrac, refracturing wells

East Texas school district replaces diesel buses with no-emission electric buses

November 24, 2023 by PBOG

A small school district in east Texas is the first in the state to replace its diesel school bus fleet with no-emission electric buses.  Martinsville ISD in Nacogdoches County received a grant of $1.6 million from the U.S. Environmental Protection Agency, which is investing $5 billion in its clean school bus program.  Martinsville ISD began […]

Filed Under: PBOG Newsletter

Texas Pacific Water testing beneficial use of produced water on native plants

November 24, 2023 by PBOG

Texas Pacific Water Resources is testing beneficial reuse of produced water at its facility in Midland County with research on native plants and soils.  The partnership with Texas Produced Water Consortium, New Mexico Produced Water Research Consortium and Cornerstone also attracted the attention of commissioner Jim Wright of the Railroad Commission of Texas.  Researchers are […]

Filed Under: PBOG Newsletter

Civitas Resources integrates new Permian assets from Tap Rock, Hibernia

November 24, 2023 by PBOG

Denver-based Civitas Resources said Nov. 7 in its third quarter earnings and results report that integration continues for its first assets in Permian Basin from Tap Rock Resources and Hibernia Energy III.  “Our third quarter results were solid as we continued to integrate our new Permian position and deliver on our promises to our shareholders,” […]

Filed Under: PBOG Newsletter

Targa completes Greenwood gas processing plant in Midland Basin

November 24, 2023 by PBOG

Houston-based Targa Resources said Nov. 2 it commenced operations in early fourth quarter at its new Greenwood gas processing plant in Midland Basin.  Targa said the project was completed “ahead of schedule and on budget” with capacity of 275 million cfd.  An additional plant in the Midland Basin, Greenwood II (with same capacity), is under […]

Filed Under: PBOG Newsletter

Matador Resources reports record production in third quarter in Lea County

November 24, 2023 by PBOG

Dallas-based Matador Resources said last week that production in the third quarter was up 28 percent over the same period last year after it brought online 21 DUC wells acquired from Advance Energy Partners Holdings in April.  Matador’s Margarita development in the Ranger area of Lea County, N.M., in five intervals in Delaware Basin helped […]

Filed Under: PBOG Newsletter

Railroad Commission could “take further action” after 5.3 earthquake

November 21, 2023 by PBOG

Houston Chronicle reported that the 5.3 magnitude earthquake recorded Nov. 8 near Mentone could prompt Railroad Commission of Texas to close a key oilfield wastewater injection area.  Last year after a 5.4 quake in the same region commission officials said operators may be prohibited from injecting wastewater deep below the surface if another quake of […]

Filed Under: PBOG Newsletter

Tax revenue from oil production up in Texas, but overall sales tax revenue down

November 21, 2023 by PBOG

Texas comptroller Glenn Hegar recently said oil production tax revenue in Texas totaled $586 million in October – up 8 percent from October 2022 – but overall state sales tax receipts were down 0.3 percent from a year ago.  State sales tax revenue in October of $3.81 billion is based on sales made in September […]

Filed Under: PBOG Newsletter

Report: U.S. drilling day rates flatten after four months of losses

November 21, 2023 by PBOG

The decline in U.S. drilling day rates slowed to a near standstill in October, according to Enverus, as the U.S. composite rate declined to $23,621.  That’s down only $2 from $23,623 in September after falling $838 in the previous four months, according to the Enverus Day Rate Survey.  Three of the survey’s seven regions rose, […]

Filed Under: PBOG Newsletter

Labor department data show wages for U.S. oil workers climbed in September

November 21, 2023 by PBOG

Bloomberg recently reported wages for U.S. oilfield workers climbed in September for the third straight month “as paychecks prove resilient amid slowing shale activity.”  Average hourly earnings for frontline oil and natural gas workers rose 0.9 percent in September from the previous month to $43.63, according to a report released Nov. 3 by the U.S. […]

Filed Under: PBOG Newsletter

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