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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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United Energy creates small-scale LNG platform in Texas, Kansas

July 15, 2025 by PBOG Leave a Comment

Plano-based United Energy LNG and Power LNG last week announced an agreement to create a scalable small-scale LNG platform to serve industrial, power and transport markets across North America.  The combined entity, United Energy LNG, oversees a portfolio of three LNG production sites in advanced stages of development, including its first project site in Houston.  […]

Filed Under: PBOG Newsletter

EIA report: Imports of energy to U.S. fall to 40-year low in 2024

July 15, 2025 by PBOG Leave a Comment

U.S. imported only 17 percent of its domestic energy supply in 2024 – half of the record share in 2006 and the lowest share since 1985.  U.S. Energy Information Administration said July 7 in its Monthly Energy Review, “The decline in imports’ share of supply in the previous two decades is attributable to both an […]

Filed Under: PBOG Newsletter

Permian rig count unchanged last week to halt decline, but Midland down to 17

July 15, 2025 by PBOG Leave a Comment

The count of active drilling rigs in Permian Basin ended 10 weeks of decline, but the U.S. count fell for the 11th consecutive week.  Baker Hughes said as of July 11 there were 265 rigs in Permian Basin (unchanged in the past week, down 40 rigs or 13 percent from 305 a year ago) and […]

Filed Under: PBOG Newsletter

Count It a Successful Session

July 14, 2025 by PBOG Leave a Comment

legislative

Click here to listen to the Audio verison of this story!   Last year, the Permian Basin Petroleum Association created a set of recommended practices to combat oilfield crime, incorporating physical, cyber, and operational security measures. The Association took the initiative to the next level, citing the prevention of industry theft as a PBPA legislative […]

Filed Under: Featured Article, Legal Landscape, Legislative Matters, PBPA

ExxonMobil leads U.S., Permian in rig count; Permian reports decline in permits

July 11, 2025 by PBOG Leave a Comment

ExxonMobil is the only one of the top seven U.S. operators to report an increase in active drilling rigs in the past year, according to Enverus’ latest Drill Down Report.  ExxonMobil is the leading operator in both U.S. and Permian Basin. In the U.S., ExxonMobil reported 39 working rigs as of July 4 (weekly average […]

Filed Under: PBOG Newsletter

EIA expects decline in U.S. production this year from previous forecast

July 11, 2025 by PBOG Leave a Comment

This week U.S. Energy Information Administration reduced its forecast for crude oil production this year. In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. producers slowing their drilling and completion activity this year.  As a result, we forecast U.S. crude oil production will decline from an all-time high […]

Filed Under: PBOG Newsletter

Mach Natural Resources acquires Permian assets to mark entry into basin

July 11, 2025 by PBOG Leave a Comment

Oklahoma City-based Mach Natural Resources said Thursday it has acquired oil and gas assets totaling about $1.3 billion to mark entry into Permian Basin and San Juan Basin to complement its existing operations in Mid Continent.  The acquisitions from Sabinal Energy and entities owning oil and gas assets managed by IKAV Energy will nearly double […]

Filed Under: PBOG Newsletter

Oil, gas operators adopt dark sky friendly lighting to help reduce light pollution

July 8, 2025 by PBOG

National Public Radio reported last week visitors come to west Texas to experience a vanishing natural resource: “some of the darkest nighttime skies in the world.”  Reporting from McDonald Observatory and Davis Mountains State Park, NPR said July 1 astronomers and conservationists in the region have partnered with cities and counties on lighting ordinances to […]

Filed Under: PBOG Newsletter

Lawsuits against producers for inflating prices combined in federal court in NM

July 8, 2025 by PBOG

More than two dozen class-action lawsuits have been filed in New Mexico’s U.S. District Court alleging that some of the nation’s largest oil producers have colluded in recent years to artificially increase the price of crude oil.  The Santa Fe New Mexican reported last week some of the lawsuits have been combined and allege “the […]

Filed Under: PBOG Newsletter

U.S., Permian Basin drilling rig counts fall for tenth straight week

July 8, 2025 by PBOG

Counts of active oil and gas drilling rigs in U.S. and Permian Basin continue to fall, according to the latest report from Baker Hughes.  As of July 3, there were 539 rigs in U.S. (down 8 from 547 last week and down 46 or 7.9 percent from 585 a year ago) and 265 rigs in […]

Filed Under: PBOG Newsletter

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July 2025

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