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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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Company Recognized as Revolutionary

July 1, 2024 by PBOG

Intelligent Wellhead Systems Inc. (IWS), a provider of innovative automation solutions for oilfield completions operations, announced that Industry Tech Insights, a business magazine dedicated to addressing current and future industry needs, selected the company May 2 as one of the “Top 10 Companies Revolutionizing Oil and Gas in 2024.”   According to Industry Tech Insights, in 2024 the […]

Filed Under: Drilling Deeper

Downhole Tools Provider Opens Delaware Basin Location

July 1, 2024 by PBOG

Fortress Downhole Tools, a provider of advanced setting tool solutions to the oil and gas industry, announced May 29 the expansion of its operations with the opening of four new strategic locations across the United States. The new locations include Carlsbad, N.M., serving the Permian Delaware Basin; Alice, Texas, serving the Eagle Ford Basin; Fort […]

Filed Under: Drilling Deeper

O&G Contracts See 37 Percent Decline

July 1, 2024 by PBOG

The oil and gas contracts market faced turbulence, with a notable quarter-on-quarter (QoQ) decline of 37 percent in disclosed contract value, dropping from $50.2 billion in Q4 2023 to $31.4 billion in Q1 2024. This decline was accompanied by a decrease in overall contract volume, according to a May 23 report from GlobalData, a data […]

Filed Under: Drilling Deeper

November Elections Could Cause Deceleration of Energy Transition

July 1, 2024 by PBOG

A Republican victory in 2024 could roll back decarbonization policies and usher in a delayed energy transition for the United States. Low carbon supply investment occurs, just not at the pace for Net Zero. A victory for former President Donald Trump in the November 2024 election, combined with long-standing issues around the U.S. relationship with […]

Filed Under: Drilling Deeper

The Geopolitics of Energy

July 1, 2024 by PBOG

geopolitics

Students from the Texas Christian University Neeley School of Business met with influential leaders throughout Europe as part of their course, “The Geopolitics of Energy.” The students and instructors from the Ralph Lowe Energy Institute held discussions with the International Energy Agency in Paris (see photo), the Energy Directorate of the European Commission in Brussels, and […]

Filed Under: Drilling Deeper

Pioneer Expresses Disagreement With FTC Over Merger Condition

June 1, 2024 by PBOG

(BUSINESS WIRE)—Pioneer Natural Resources Company issued on May 2 the following statement in response to the decision by the U.S. Federal Trade Commission (FTC) to clear the proposed merger with Exxon Mobil Corporation subject to a consent order based on allegations in a settlement complaint directed at Scott Sheffield, former CEO of Pioneer: We disagree […]

Filed Under: Drilling Deeper

Christian Blasts Biden’s LNG Attack

June 1, 2024 by PBOG

Railroad Commissioner Wayne Christian testified on May 2 before the House Select Committee on Protecting Texas Liquified Natural Gas (LNG) Exports. Earlier this year, the Biden Administration announced it was pausing approval for pending and future applications to export LNG. Texas ships out about half of the nation’s LNG. In 2023, Texas increased its LNG exports […]

Filed Under: Drilling Deeper

Geothermal Project Completed For Urban Mixed-Use Property

June 1, 2024 by PBOG

Bedrock Energy, an early-stage technology company that designs and constructs geothermal heating and cooling systems, announced April 17 the completion of its inaugural geothermal project with real estate and infrastructure owner, operator, lender, and developer CIM Group. Bedrock successfully installed a geothermal borefield and heating and cooling system at Building D of the Penn Field […]

Filed Under: Drilling Deeper

Nitrogen Rejection Unit Erected in West Texas

June 1, 2024 by PBOG

BCCK, a leader in engineering, procurement, fabrication and field construction services, announced April 1 another award of a NiTech Dual Tower Nitrogen Rejection Unit (NRU) to be located in West Texas. The newly awarded 160 MMSCFD NiTech Dual Tower NRU utilizes cutting-edge technology to extract nitrogen from the residue gas of a cryogenic gas processing facility. This […]

Filed Under: Drilling Deeper

Texans’ High Cost of Losing Health Coverage

June 1, 2024 by PBOG

by M. Ray Perryman Since the expiration of COVID-19-related provisions requiring states to keep residents enrolled in Medicaid, an estimated 2.1 million Texans have lost their coverage. Texas has by far the highest number of uninsured in the country and has removed significantly more individuals from coverage than any other state. The primary reason to […]

Filed Under: Drilling Deeper

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