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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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Donation Founds Texas Tech’s First Veterans Legal Clinic

May 1, 2024 by PBOG

A generous gift to Texas Tech University will establish a new scholarship for full-time students in the Edward E. Whitacre Jr. College of Engineering who are employed. A $1.6 million donation from the William A. Brookshire Foundation to Texas Tech University will found the Texas Tech School of Law Veterans legal Clinic—a service free to veterans that provides […]

Filed Under: Drilling Deeper

TPPF Launches National Center for Energy Analytics (NCEA)

May 1, 2024 by PBOG

The Texas Public Policy Foundation (TPPF), on March 20, launched the National Center for Energy Analytics (NCEA), a new national energy think tank led by distinguished fellow Mark P. Mills and comprised of a team of world-class scholars dedicated to reality-driven energy analyses. The NCEA will produce credible, unbiased research on energy issues, both proactively […]

Filed Under: Drilling Deeper

Axis Deploys Electric Service Rig

May 1, 2024 by PBOG

Axis Energy Services announced on March 11 its successful deployment of what it describes as the oil and gas industry’s first fully electric well service rig, this one devoted to wells operated by Occidental. Axis’ “Epic Rig” provides improvements in safety and efficiency, as well as the ability to run on grid power for reduced emissions […]

Filed Under: Drilling Deeper

Oil Production Growth to Slow In 2024 Due to Softened Demand

May 1, 2024 by PBOG

Oil supply in the United States saw major growth in 2023, with production rising by 850,000 barrels per day. However, oil demand has not kept pace with this increase and looks incredibly weak going in 2024. To remedy this mismatch and set up a more positive outlook for 2025, producers are expected to slow production […]

Filed Under: Drilling Deeper

TCU Focuses on Innovation: Energy Reimagined

May 1, 2024 by PBOG

More than 300 energy experts and professionals from around the nation came to Texas Christian University’s Neeley School of Business March 21 for the TCU Global Energy Symposium.  The sold out conference, “Reimagining the Business of Energy: The Era of Innovation,” was hosted by the Ralph Lowe Energy Institute. The panels and speakers focused on […]

Filed Under: Drilling Deeper

Jobs in Energy Begin Slow Trajectory Upwards

May 1, 2024 by PBOG

Jobs

Jobs in the U.S. oilfield experienced a slight gain from the past several months, increasing by 1,466 jobs in the U.S. oilfield services sector during February 2024, according to a March 11 report citing preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to January numbers and analysis by the Energy Workforce and […]

Filed Under: Drilling Deeper

RRC Commissioner Applauds Cancellation of BlackRock’s Contract

May 1, 2024 by PBOG

Following news that the Texas State Board of Education (SBOE) and Chairman Aaron Kinsey would terminate an $8.5 billion contract with BlackRock, Texas Railroad Commissioner Wayne Christian applauded the SBOE’s decision, which protects Texas’ Permanent School Fund and classrooms across the state, and expressed the following sentiments: “Texas state leadership continues to land blows to BlackRock and […]

Filed Under: Drilling Deeper

ValTek donates $50,000 to Children’s Rehabilitation Center

May 1, 2024 by PBOG

Rehabilitation Center

ValTek, a leader in the engineering and manufacturing of high-performance hydraulic fracturing pumps, parts and expendables, has donated $50,000 to the Midland Children’s Rehabilitation Center (MCRC), which provides neurological, orthopedic, and developmental therapy to children throughout the Permian Basin. ValTek was awarded $50,000 at the Daniel Energy Partners BBQ Cook-Off in September after being named […]

Filed Under: Drilling Deeper

Milestone Opens New Landfill

May 1, 2024 by PBOG

Milestone Environmental Services, LLC, an environmental services and carbon management company and the largest energy waste sequestration company in the United States, announced on March 26 the opening of its Stanton Landfill facility, located 10 miles south of Stanton at 512 County Road 470. The facility is now accepting drill cuttings, contaminated soils, non-injectable fluids, […]

Filed Under: Drilling Deeper

Canadian Oil Sands To Hit 3.7 Million BPD

April 1, 2024 by PBOG

Oil sands production in Canada is expected to reach 3.7 million barrels per day by 2030. Oil sands extraction and processing remains one of Canada’s most important economic drivers. According to the Business Council, the industry is expected to contribute more than $200 billion annually to the country’s GDP. In addition, it is a major […]

Filed Under: Drilling Deeper

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