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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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Key to industry’s future: Reusing oilfield wastewater

February 27, 2020 by PBOG

New studies by scientists at University of Texas and three other universities conclude that reusing oilfield wastewater for hydraulic fracturing will be critical to maintaining productivity in U.S. shale plays. Scientists from Jackson School of Geosciences in Austin studied how much wastewater is produced in eight major U.S. shale plays and options for recycling and […]

Filed Under: PBOG Newsletter

Increase in use of natural gas leads to decrease in CO2 emissions

February 27, 2020 by PBOG

Officials from Grow America’s Infrastructure Now said last week in Midland the U.S. recorded the largest decrease in carbon dioxide emissions of any country last year because of its transition from coal to natural gas. They participated in a panel discussion with Midland-Odessa Transportation Alliance Feb. 20 about Permian Basin’s role in the energy industry. […]

Filed Under: PBOG Newsletter

Enbridge to buy Rio Bravo pipeline to Brownsville from NextDecade

February 27, 2020 by PBOG

Canadian pipeline operator Enbridge has agreed to buy for $25 million the Rio Bravo pipeline project from Houston liquefied natural gas company NextDecade. Enbridge will oversee construction and operation of the proposed 137-mile natural gas pipeline. Enbridge executive vice president Bill Yardley said Feb. 13 the transaction “fits squarely within our low-risk business model.” Rio […]

Filed Under: PBOG Newsletter

Permian, New Mexico, U.S. add drilling rigs in past week

February 27, 2020 by PBOG

Permian Basin, New Mexico and U.S. added drilling rigs again in the previous week, according to the Feb. 21 report by Baker Hughes, and Texas held steady with 397 active rigs. Permian Basin added 1 rig for a new total of 409 (473 a year ago), New Mexico added 2 rigs (113 previous week, 108 […]

Filed Under: PBOG Newsletter

Permian to add 39,000 b/d of crude oil production in March to 4.855 million

February 27, 2020 by PBOG

Permian Basin is the only one of seven major regions in U.S. expected to increase in crude oil production in March, according to drilling productivity report of Feb. 18 by U.S. Energy Information Administration. Permian is forecast to add 39,000 barrels per day to 4.855 million (4.816 million b/d in February). Across the seven regions, […]

Filed Under: PBOG Newsletter

Ring Energy to drill 10 horizontal wells in Yoakum County

February 27, 2020 by PBOG

Midland-based Ring Energy is seeking permission to drill 10 horizontal oil wells on five leases in Yoakum County on what the Houston Chronicle called “a geological target that most companies ignore.” The wells will target the Platang field of the San Andres geological layer to a total depth of 9,000 feet.

Filed Under: PBOG Newsletter

Pioneer forecasts increase in Permian wells placed on production

February 27, 2020 by PBOG

Dallas-based Pioneer Natural Resources said Feb. 19 it expects to operate an average of 23-to-24 horizontal wells in Permian Basin in 2020 in its drilling, completions and facilities budget of $3.0 billion to $3.3 billion. That includes 5 rigs in its southern joint venture area. Pioneer expects to place 345-to-375 wells on production in 2020 […]

Filed Under: PBOG Newsletter

EPIC Crude Holdings commissions crude oil pipeline from Crane terminal

February 27, 2020 by PBOG

San Antonio-based EPIC Crude Holdings said Wednesday it has commissioned the 730-mile crude oil pipeline from its Crane terminal in the Permian Basin to the Port of Corpus Christi and started making crude oil deliveries on the 30-inch system. EPIC said that ends interim deliveries on the 24-inch EPIC Y-grade pipeline. Initial capacity is 600,000 […]

Filed Under: PBOG Newsletter

Five weeks since filing with RRC for drilling permit in Barnett Shale

February 20, 2020 by PBOG

Houston Chronicle said last week more than five weeks have passed since an oil company has filed for a drilling permit for a new horizontal well in Barnett Shale with the Railroad Commission of Texas. Baker Hughes said in its latest rig count that there is one active drilling rig in the natural gas-rich geological […]

Filed Under: PBOG Newsletter

Rystad: Texas oil output to increase in 2020, but rate of growth to decline

February 20, 2020 by PBOG

Norwegian energy research firm Rystad Energy said this week oil production in Texas is expected to increase each month this year, but the growth rate is expected to slow. Rystad said Tuesday that oil production from wells in Texas increased to an estimated 5.4 million barrels per day in December. The firm said hydraulic fracturing […]

Filed Under: PBOG Newsletter

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