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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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Companies Sticking with Climate Targets

July 1, 2025 by PBOG

climate

Companies are largely maintaining their high-level climate commitments to net zero and greenhouse gas (GHG) emissions reductions despite some recent scale backs and variations across sectors and regions, Sustainable Fitch says in a new report released May 21. The report reviews corporate emissions and climate targets by combining insights from three data viewpoints—a review of […]

Filed Under: Drilling Deeper

O&G Acquisition Financing in an Unpredictable Market

July 1, 2025 by PBOG

by Alex Trlica, Chris Butta, BOK Financial Energy   When the Ground Shifts Beneath your Feet At 2 a.m., the lights were still on at the office. For six months, the deal team had worked relentlessly to structure a creative proposal for the winning bid on the seller’s oil and gas assets. The Purchase and […]

Filed Under: Drilling Deeper

Eagle Ford Production Edges Downward

June 1, 2025 by PBOG

Eagle Ford

by J. David Smith, Senior VP, Mercer Capital Eagle Ford production (on a boe basis) dipped 2.9 percent in the 12 month period ending in March 2024. Production levels varied only slightly during the period, with the rolling monthly percentage change in March varying between -3.5 percent and 1.4 percent. Appalachian production change over the period was […]

Filed Under: Drilling Deeper

Texas Oilman Donates Ambulance to Israel

June 1, 2025 by PBOG

Jack Storm, president of WS Energy Services, recently made a charitable donation to Israel of an ambulance—one that will soon be transported overseas to emergency caregivers at Magen David Adom (Red Shield of David) in Israel. Storm said he has long desired to extend this gift, and he maintained his commitment through tough industry times […]

Filed Under: Drilling Deeper

“Nuclear Verdicts” are Driving Up Consumer Costs in Texas

June 1, 2025 by PBOG

Texans pay an average of $1,725 more for goods and services every year as the costs 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

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

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