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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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    • Automation, Controls and Measurement
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  • Legal Articles
  • Drilling Deeper
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Company Delivers Turbomachinery

January 1, 2025 by PBOG

Mitsubishi Heavy Industries Compressor International Corporation (MCO-I), a leader in the design and manufacturing of compressors, steam turbines, and associated auxiliaries, announced Dec. 3 they have successfully manufactured, tested, and shipped steam turbine driven compressor packages (turbomachinery) to Golden Triangle Polymers Company, a Chevron Phillips Chemical Company (CPChem) and QatarEnergy joint venture, for their world-scale […]

Filed Under: Drilling Deeper

Lubbock Gets Pump Testing Facility

January 1, 2025 by PBOG

Lubbock-based SIMFLO, one of the nation’s top providers of industrial, municipal, and commercial and agricultural-use pumps, announced Dec. 2 they have added industry-changing, first-of-its-kind innovative technology to their new Engineered Products Facility, which features one of the largest and most advanced vertical turbine test facilities in North America. The technology, provided by Lubbock-based SitePro, Inc., […]

Filed Under: Drilling Deeper

Bright Spots Glimpsed on the Construction Side

December 1, 2024 by PBOG

Ed Sullivan, the Chief Economist and Sr. Vice President of Market Intelligence for the Portland Cement Association (PCA)—which represents America’s cement manufacturers—said on Oct. 14 the Federal Reserve’s recent move to lower interest rates coupled with easing inflation signals a significant retreat in interest rate levels by the end of next year, all to the […]

Filed Under: Drilling Deeper

Upstream M&A Descends in Q3

December 1, 2024 by PBOG

upstream m&a

Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released in mid-October its summary of 3Q24 upstream M&A activity. Following 12 months of heightened consolidation in oil and gas, the pace of deals significantly slowed in the third quarter of 2024, with $12 billion in announced deals, the lowest quarterly total since 1Q23. […]

Filed Under: Drilling Deeper

U.S. Dominance in Global LNG Can Extend

December 1, 2024 by PBOG

National Center for Energy Analytics (NCEA) Senior Fellow Tristan Abbey recently published a report examining the politicization of liquid natural gas (LNG) exports and recommending three pathways to ensure the United States maintains, even expands, the economic and geopolitical benefits from its dominant position in the global LNG market. Abbey explores the history of LNG […]

Filed Under: Drilling Deeper

OHH Opens DFW Chapter

December 1, 2024 by PBOG

Oilfield Helping Hands (OHH), a non-profit organization that helps oilfield families in financial crisis due to no fault of their own, announced Oct. 28 the launch of its Dallas/Fort Worth Chapter. The chapter fosters support within the oil and gas community by connecting individuals and organizations committed to improving the lives of families in times of […]

Filed Under: Drilling Deeper

Robotics Continue to Transform O&G

December 1, 2024 by PBOG

With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations. Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a data and […]

Filed Under: Drilling Deeper

System Reduces Diesel Consumption

December 1, 2024 by PBOG

North American pressure pumping operators using a new dynamic gas blending (DGB) system reduced diesel consumption by approximately 100 million gallons in 2023 alone, according to Caterpillar Oil and Gas. This outcome, quantified via telemetry, signals that pressure pumping operators significantly lowered fuel costs by leveraging the DGB solution. The system, known as the Cat®Tier […]

Filed Under: Drilling Deeper

OFS Prices Expected to Bottom Out by Year’s End

November 1, 2024 by PBOG

end

Enverus Intelligence Research, a subsidiary of Enverus, an energy-dedicated SaaS company, released on Oct. 1 its Oilfield Services Market Fundaments report that examines supply and demand dynamics in each service line. EIR also forecasts changes in year-end costs to coincide with E&P budgeting season. “We believe activity has bottomed and oilfield service price will bottom […]

Filed Under: Drilling Deeper

Why the Universe of Energy Lenders Might be Shrinking

November 1, 2024 by PBOG

By Mari Salazar, SVP, Manager, Energy Banking and Cameron Reed -VP, Loan Syndication Consultant, BOK Financial   It’s a whole new world for energy banking. The universe of dedicated energy lenders has declined over the past decade, and lenders are settling into the new energy banking landscape. Some 20 years ago there were more than […]

Filed Under: Drilling Deeper

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