Permian Break-Even: As Low as $22 a Barrel During the last three years, companies operating in the Permian Basin have drilled much longer laterals and used substantially more complex well completion design in their newer wells with the aim of reaching higher initial production (IP) rates. Well lateral lengths in the Permian have increased in […]
Pushing Frontiers
Producing Pipe at the Well Milford, an EPC corporation headquartered in Midland, has announced a strategic partnership and distribution agreement with Tubi USA Inc., a HDPE pipe manufacturer with a patented mobile production system. As Marcello Russo, Tubi founder and CEO, commented, “Our production system has proven itself on projects in Australia and New Zealand […]
Staying the Course
Technology on Parade On April 12, in Midland, Weatherford International welcomed customers, employees, and students as well to see and hear about cutting-edge technologies that the services firm is employing in the Permian Basin. The Petroleum Museum was the venue for the two-day event. Weatherford CEO Mark A. McCollum was on hand, as well as […]
Looking Ahead—and Behind
Lower Brent/Cushing Premium Hasn’t Hurt Exports/Brent/Houston Relationship More Important by Sandy Fielden, Director, Oil and Products Research, Morningstar Commodities Research Exports Remain Buoyant The premium of international benchmark Brent crude to its U.S. counterpart West Texas Intermediate (WTI) delivered to Cushing, Okla., has narrowed nearly 50 percent this year even as outright crude prices reached […]
Drilling Deeper: Ring in the New
In this month’s miscellany of articles, the theme of newness might be the tie that binds. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PBOG’s January 2018 issue. Weir Erects Service Center Fort Worth-based Weir Oil and Gas broke ground in […]
Charting Upwards
Four months into the new Administration, oil and gas—especially Permian Basin oil and gas—are seeing a buildout of infrastructure and a buildup of production and capacity. Read on for coverage of this topic and others in this roundup of recent Basin activity. Xcel Begins Transmission Line Construction crews have started work in southeast New […]
Drilling Deeper: Changing Economics
In the selective recovery, some spots shine brighter than others—exports being one of them. These are the full versions of the articles shown in abbreviated form in the print version of our April issue. Tight Oil Production Through 2040 EIA’s recently released Annual Energy Outlook 2017 Reference case projects that U.S. tight oil production […]
Drilling Deeper: So Much to Sort Out
So Much to Sort Out The year 2017 begins with big deals and big changes, all accompanied by fresh takes on the new doings. These are the full versions of the articles shown in truncated form in the print version of our March issue. Texas to Lead in Production Through 2018 In EIA’s January Short-Term […]
Drilling Deeper: What a Difference a Year Makes
Such is the story nearly everywhere we look. These are the full versions of the articles shown in truncated form in the print version of our February issue. EIA: U.S. Proved Reserves in 2015 Declined Due to Lower Prices U.S. crude oil proved reserves declined 4.7 billion barrels (11.8 percent) from their year-end 2014 levels […]
Drilling Deeper: A Fresh Start in the New Year
With achievements, awards, and mergers filling the energy industry’s broader horizons, it looks like oil and gas may finally be in line for a few breaks. These are the full versions of the articles shown in truncated form in the print version of our January issue. SES Receives Safety Trophy Lubbock-based Standard E&S, LLC, […]
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