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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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Oxy to acquire Anadarko after Chevron declines to submit new bid

May 9, 2019 by PBOG

Chevron said Thursday it will not submit a new bid for The Woodlands-based Anadarko Petroleum, allowing Occidental Petroleum to acquire Anadarko’s prized assets in Permian Basin and remain the Permian’s top producer for the foreseeable future.  The decision by San Ramon, Calif.-based Chevron ends a takeover battle after Anadarko initially agreed to be purchased by […]

Filed Under: News Reviews, PBOG Newsletter

Flaring of byproduct natural gas increases 85 percent in 2018

May 2, 2019 by PBOG

Bloomberg reported that the Permian Basin produced so much natural gas at the end of last year that producers were flaring more than enough of the fuel to satisfy residential demand across the state. Flaring, a common practice by drillers, burns gas that can’t be easily or efficiently captured, stored or transported to market. Bloomberg […]

Filed Under: PBOG Newsletter

Natural gas prices at Waha hub near Coyanosa fall to $0.00

May 2, 2019 by PBOG

Regional producers told the Midland Reporter Telegram that natural gas prices at the Waha hub near Coyanosa have fallen to as low as $0.00.  Bill Graham of Incline Energy told the Reporter Telegram last month the Waha plant “has so much gas available that it outruns their delivery capacity.  With the supply outrunning their demand, […]

Filed Under: PBOG Newsletter

Clinic opens in Carlsbad for employees of Conoco, Marathon, XTO Energy

May 2, 2019 by PBOG

A medical clinic opened in Carlsbad last month for employees of three of the largest oil and gas operators in southeastern New Mexico.  ConocoPhillips, Marathon Oil and XTO Energy employ thousands of people in Eddy County, and they are now served by a clinic operated by XStremeMD, a 13-year-old company based in Lafayette, La.  XStremeMD […]

Filed Under: PBOG Newsletter

Global firm De Nora acquires water service company Neptune Solutions

May 2, 2019 by PBOG

De Nora, global provider of electrochemical technologies and water treatment technologies, said it has acquired a majority interest in water service company Neptune Solutions to form De Nora Neptune, which is now the service unit of De Nora.  Fort Stockton-based Neptune specializes in what De Nora calls “on the fly” water treatment for hydraulic fracturing […]

Filed Under: PBOG Newsletter

Rig count falls 9 in Texas; U.S. count below 1,000 for first time in 14 months

May 2, 2019 by PBOG

Texas again led a decline in oil and gas drilling as the nation’s count of active rigs dropped below 1,000 for the first time in more than a year. According to Baker Hughes, as of April 26, Texas lost 9 rigs in the past week to 491, and the Permian Basin count declined 3 to […]

Filed Under: News, Online Exclusive, PBOG Newsletter, Rig Count Reports

Texas Permian Basin Index rebounds after two months of declines

April 25, 2019 by PBOG

The Texas Permian Basin Petroleum Index rebounded from two months of declines to grow slightly to 347.9 in January 2019, according to Karr Ingham of Amarillo, economist who prepares the index for Texas Alliance of Energy Producers. The index peaked at 384.9 in November 2014 before falling to 210.1 in September 2016 (base 100 in […]

Filed Under: News, PBOG Newsletter Tagged With: news reviews

Texas, New Mexico still lead state rig counts; Permian down to 463

April 25, 2019 by PBOG

Texas and all other major oil- and gas-producing states posted declines in rig counts for the week that ended April 18, according to Baker Hughes.  Texas’ count was down 2 in the past week to 500 rigs (509 a year ago), and the U.S. count was down 10 to 1,012 rigs (1,013 a year ago). […]

Filed Under: News, PBOG Newsletter Tagged With: news reviews

Apache temporarily defers Alpine High gas production in Permian

April 25, 2019 by PBOG

Houston-based Apache Corp. said April 23 it initiated natural gas production volume deferrals from its Alpine High play in late March “in response to extremely low prices at Waha hub.”  Current deferrals represent about 250 MMcfd of gross gas production.  John J. Christmann IV, CEO and president, said, “As far back as two years ago […]

Filed Under: News, PBOG Newsletter Tagged With: news reviews, pbog nwsletter

Surge Energy subsidiary Moss Creek drills longest lateral in Permian

April 25, 2019 by PBOG

Moss Creek Resources, subsidiary of Houston-based Surge Energy US Holdings, said last week it drilled the longest known lateral in the Permian Basin based on IHS and Drillinginfo databases.  Medusa Unit C 28-09 3AH was successfully drilled to a total measured depth in Wolfcamp A of 24,592 feet (total vertical depth of 7,102 feet; horizontal […]

Filed Under: News, PBOG Newsletter Tagged With: news reveiws, pbog nwsletter

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