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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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Texas, New Mexico state governments amend budgets with declining revenue

June 4, 2020 by Sarrah Barton

State governments in Texas and New Mexico are considering the impact on their budgets of declining revenue. Texas’ top lawmakers – Governor Greg Abbott, Lt. Gov. Dan Patrick and House Speaker Dennis Bonnen – sent a letter last month to heads of state agencies, colleges and universities to submit plans by June 15 to cut […]

Filed Under: PBOG Newsletter, The Financial Picture Tagged With: budget cuts, permian basin

Report shows growth in Permian’s contribution to state revenue

June 4, 2020 by Sarrah Barton

In the past five years, the percentage of the state’s revenue from taxes and royalties paid by oil and gas producers in Permian Basin has increased to 67.2 percent from 48.1 percent. A new report developed by Texas Taxpayers and Research Association said Texas oil and gas producers in 2019 contributed a record $13.4 billion […]

Filed Under: Business & Analysis, PBOG Newsletter Tagged With: industry revenue, permian basin, rig counts

Shell files permits for 5 wells in Loving County to lead Texas drillers

June 4, 2020 by Sarrah Barton

Global operator Shell led drillers in filing permits in Texas for the week of May 20-26, according to Houston Chronicle. Oil major Royal Dutch Shell said it will continue its drilling program in Permian Basin with 5 horizontal wells on 2 leases in Loving County. They target Phantom field of Wolfcamp to depths of 11,600 […]

Filed Under: PBOG Newsletter, Rig Count Reports Tagged With: Drilling Permits, Oil and Gas, permian basin

In Session: 2021

January 1, 2020 by Sarrah Barton

The Texas Legislature meets in a regular session every two years, convening on the second Tuesday in January of every odd-numbered year. These biennial sessions are limited to 140 days. The governor has the authority to call special sessions as necessary, which cannot exceed 30 days. The 87th Texas Legislature is set to meet January […]

Filed Under: Online Exclusive

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