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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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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

Permian Basin, Texas, New Mexico add rigs in past week

February 20, 2020 by PBOG

Permian Basin, Texas and New Mexico added rigs in the past week in Baker Hughes’ count of active oil and gas drilling rigs. Permian Basin and New Mexico remain above their counts at the end of 2019. As of Feb. 14, Permian Basin had 408 rigs (405 previous week, 473 previous year, 405 to start […]

Filed Under: PBOG Newsletter

Hunt Oil files for Spraberry drilling permits in Glasscock County

February 20, 2020 by PBOG

Dallas-based Hunt Oil recently filed for seven drilling permits with the Railroad Commission of Texas for horizontal wells in Glasscock County. Houston Chronicle said Hunt will target Spraberry at depths of 7,800 to 9,000 feet. Hunt Oil, a company founded in 1934 that drilled its first wells in east Texas, filed for 80 drilling permits […]

Filed Under: PBOG Newsletter

Occidental first to endorse World Bank’s “zero routine flaring”

February 20, 2020 by PBOG

Occidental Petroleum reportedly is the first U.S. oil and gas company to endorse the World Bank’s “zero routine flaring by 2030” initiative to reduce greenhouse gas emissions and utilize this energy resource. Oxy president and CEO Vicki Hollub said, “Support for this important World Bank program is part of our company’s broader commitment to reduce […]

Filed Under: PBOG Newsletter

Noble Energy to drill, complete 50-to-60 wells in Delaware Basin this year

February 20, 2020 by PBOG

Houston-based Noble Energy said last week it will spend about 40 percent of its 2020 U.S. capital budget of $1.3 billion in the Delaware Basin. Similar to 2019, Noble this year will drill and complete 50-to-60 wells in Delaware – focusing on Wolfcamp A in northern and central parts of the company’s acreage. Noble said […]

Filed Under: PBOG Newsletter

Energy department authorizes NextDecade for non-FTA exports

February 13, 2020 by PBOG

Houston-based NextDecade said this week the U.S. Department of Energy authorized it to export liquefied natural gas from its Rio Grande LNG facility to non-free trade agreement countries. NextDecade received permission for FTA exports in 2016. The company said Monday it is now authorized to export LNG equivalent to 1,318 billion cubic feet of natural […]

Filed Under: PBOG Newsletter

Seminars at SRSU look at energy industry in Big Bend area

February 13, 2020 by PBOG

The second in a series of four seminars on the impact of the energy industry in Brewster, Jeff Davis and Presidio counties is scheduled March 18 at Sul Ross State University in Alpine. The seminar, “Development by Design: Where Energy and Conservation Meet,” will feature Joe Kiesecker of The Nature Conservancy of Texas and Melinda […]

Filed Under: PBOG Newsletter

Rig counts in Permian, Texas decline, but New Mexico adds rigs

February 13, 2020 by PBOG

Counts of active oil and gas drilling rigs in Permian Basin and Texas declined in the past week, according to Baker Hughes, but the Permian Basin count remained at the same level from the beginning of 2020. As of Feb. 7, there were 405 rigs in Permian Basin (406 previous week, 478 a year ago, […]

Filed Under: PBOG Newsletter

Permian Basin Water in Energy conference to look at produced water uses

February 13, 2020 by PBOG

Organizers of the third annual Permian Basin Water in Energy conference next week in Midland said the conference will examine uses for produced water other than recycling it to other wells or disposing of it underground. Michael Hightower of the New Mexico Produced Water Research Consortium told the Midland Reporter Telegram the group is “looking […]

Filed Under: PBOG Newsletter

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