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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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Upstream M&A sails to $17 billion in 1Q25

June 1, 2025 by PBOG

M&A

Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. The M&A summary follows Enverus’ release of Investor Analytics, a tool designed to offer investors a comprehensive view of key market dynamics. Upstream M&A opened 2025 […]

Filed Under: Drilling Deeper

Modular Carbon Capture Unit Achieves Milestone

June 1, 2025 by PBOG

Carbon Clean announced April 3 the successful completion of the first-ever industrial deployment of CycloneCC. This modular unit has achieved the milestone of 4,000 operating hours over a six-month period, moving CycloneCC to Technology Readiness Level 7 (TRL 7). CycloneCC has operated continuously, delivering a high purity CO2 product that exceeds the projected target and […]

Filed Under: Drilling Deeper

OFS Sees Steady Employment Growth

June 1, 2025 by PBOG

employment

The Energy Workforce and Technology Council (EWTC) released on April 4 its March 2025 jobs report, highlighting continued employment growth and stability within the U.S. energy services sector. Total jobs in the sector rose to 640,212 in March 2025, reflecting a gain of 653 positions over February, according to preliminary data from the Bureau of […]

Filed Under: Drilling Deeper

Global O&G Contract Value Remains Stable

May 1, 2025 by PBOG

Despite the global oil and gas industry experiencing a 15 percent quarter-on-quarter decrease in the total number of contracts, from 1,596 in Q3 2024 to 1,353 in Q4 2024, the overall contract value remained stable, driven by the announcement of some major contracts in Africa, revealed GlobalData, a data and analytics company. A recent GlobalData report reveals […]

Filed Under: Drilling Deeper

“Nuclear Verdicts” are Driving Up Consumer Costs in Texas

May 1, 2025 by PBOG

Texas

Texans pay an average of $1,725 more for goods and services every year as the cost of lawsuits and massive court awards are passed on to consumers. This $1,725 “lawsuit tax”—which drives up the cost of everything Texans buy, from groceries to housing to insurance—is higher than the national annual average lawsuit tax of $1,666 […]

Filed Under: Drilling Deeper

Gas Processing Looks to the Future

May 1, 2025 by PBOG

gas processing

by Brian Meyer, PSB Industries With the gas processing industry poised for significant changes in the coming years, adopting new technologies is essential to ensure industry leadership and sustainable business models. The gas processing industry refines natural gas to make it usable for industrial, commercial, and energy-applications. That role has changed over time, as technologies […]

Filed Under: Drilling Deeper

Towns and States Don’t Want Green Energy

May 1, 2025 by PBOG

The Trump Administration actions to scale back renewable energy capture headlines, but citizens are also pushing back. Efforts to deploy wind and solar systems face a rising tide of opposition in towns, counties, and states. Mandates for electric vehicles and electric home appliances are being challenged. The combination of rising local opposition and Trump funding […]

Filed Under: Drilling Deeper

RRC Commissioner Cheers Repeal of Biden Natural Gas Tax

May 1, 2025 by PBOG

In March President Donald Trump signed the Congressional Review Act (CRA) repeal of the Biden administration’s natural gas tax. This legislative action nullifies the methane fee imposed by the Biden administration on oil and natural gas production, which would have driven up costs to producers and American consumers. “President Trump’s overturning of Biden’s natural gas […]

Filed Under: Drilling Deeper

Company Sets Itself to “Reshore” Oilfield Chemicals

April 1, 2025 by PBOG

Potential tariffs and supply chain instability are forcing oil and gas companies to rethink offshore sourcing and search for reliable, domestic chemical supply. Until recently, few such options have presented themselves. A newly launched (and employee-owned) Houston-based chemicals company now asserts that it is transforming the O&G supply chain with its distribution model. Centrium Energy […]

Filed Under: Drilling Deeper

DUC Hunt: What the 2025 Drawdown Means

April 1, 2025 by PBOG

Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company that leverages generative AI, released on Feb. 12 a report that analyzes recent inventories of drilling uncompleted wells (DUCs) and the implications for 2025 budgets. DUCs provide operators with strategic flexibility, financial benefits, and operational efficiency, making them a crucial aspect of the […]

Filed Under: Drilling Deeper

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