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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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Four Ways Your Business Can Mitigate Downtime

August 1, 2021 by PBOG

By Chandler Terrell On June 8th, I experienced intermittent connectivity to several websites like Amazon, Twitter, and Hulu. Frustrated, I tried multiple attempts at refreshing my browser, but nothing improved. This outage was due to a failure at Fastly, which supports many of the web’s most popular sites (for more detail, see the report posted […]

Filed Under: Drilling Deeper

Global O&G Contracts Stable in Early 2021

July 1, 2021 by PBOG

Oil and gas contract activity remained relatively stable in Q1 2021, with the industry recording a marginal decrease in the number of contracts and at the same time an increase in disclosed contract value, according to GlobalData, a leading data and analytics company. The latest report by GlobalData, “Q2 2021 Global Oil and Gas Industry […]

Filed Under: Drilling Deeper

Archrock Donates Compressor System to Midland College

July 1, 2021 by PBOG

Archrock Inc., which markets itself as the leading provider of midstream natural gas contract compression services in the United States, on June 7 donated a compressor package worth approximately $200,000 to Midland College. This donation included a contained portable gas lift compression system, equipped with updated Centurion and EICS controls. Headquartered in Houston, Archrock operates […]

Filed Under: Drilling Deeper

XRI Acquires Hibernia’s Water Infrastructure Assets

July 1, 2021 by PBOG

XRI Holdings, LLC, a leading full-cycle water management and midstream company with fixed infrastructure owned throughout the Permian Basin, announced May 27 that it has acquired the produced water infrastructure assets of Hibernia Energy III, LLC, through its wholly-owned subsidiary, Celtic Disposal, LLC. Through this transaction, XRI will become the long-term provider to Hibernia of […]

Filed Under: Drilling Deeper

$100 Oil on the Horizon?

July 1, 2021 by PBOG

By Steve Hendrickson, president, Ralph E. Davis (RED) Associates In late May, RED Associates made a case for significantly higher oil prices over the next few years due to a set of converging factors that would create a supply/demand imbalance, pushing oil prices above $100 per barrel. This argument could be summarized like this: resumption […]

Filed Under: Drilling Deeper

Kimmeridge Publishes White Paper: “Why the Energy Industry Needs to Build its Own Carbon Offset Exchange”

July 1, 2021 by PBOG

June 3, 2021 NEW YORK and DENVER, June 3, 2021 /PRNewswire/ — Kimmeridge Energy Management Company, LLC (“Kimmeridge”), a private equity firm focused on upstream energy, with an investment philosophy underpinned by fundamental research, today published a white paper entitled:   “Why the Energy Industry Needs a Carbon Offset Exchange.“ Contrary to popular belief, little has happened in the past year to […]

Filed Under: Drilling Deeper

Oil and Gas Winning Streak Remains in Delicate Balance

July 1, 2021 by PBOG

Enverus, a leading global energy data analytics and SaaS technology company, has released its latest FundamentalEdge report. Entitled “A Delicate Balance,” the report focuses on oil and gas’ current winning streak and includes the company’s five-year market outlook, current view of the oil, natural gas and NGL markets, and the financials supporting them. According to […]

Filed Under: Drilling Deeper

Economic Growth to Continue Through 2021

July 1, 2021 by PBOG

The economic recovery in the United States will continue for the rest of 2021, say the nation’s purchasing and supply executives in the Spring 2021 Semiannual Economic Forecast. Expectations for the remainder for 2021 have strengthened somewhat, compared to December 2020, as there is hope that the corner has been turned on the coronavirus (COVID-19) […]

Filed Under: Drilling Deeper

S&P Global and IHS Markit to Merge

June 1, 2021 by PBOG

S&P Global and IHS Markit, which have agreed upon preliminary terms of a merger, announced May 13 that following feedback from regulators, the leadership from both companies have decided to explore a divestiture of IHS Markit’s Oil Price Information Services (OPIS) business, as well as IHS Markit’s Coal, Metals, and Mining business. This decision was […]

Filed Under: Drilling Deeper

Yergin to Receive WPC’s Dewhurst Award

June 1, 2021 by PBOG

Pulitzer-prize winner, respected author, and leading energy expert Dr. Daniel Yergin is being recognized Dec. 9 for his “exceptional contribution to the oil, gas and energy industry” with the highest honor of the World Petroleum Council, the Dewhurst Award. This distinguished lifetime achievement award celebrates his role as a global authority on energy, international politics, […]

Filed Under: Drilling Deeper

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