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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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Sunvapor, Southeast NM College develop solar desalination plant near Carlsbad

April 3, 2026 by PBOG

Pasadena, Calif.-based Sunvapor, developer of low-carbon industrial process plants, and Southeast New Mexico College in Carlsbad recently launched joint operations of the nation’s first solar desalination facility at a commercial saltwater disposal well.  The well 10 miles southeast of Carlsbad is operated by NGL Water Solutions Permian, the largest produced water management company in the […]

Filed Under: PBOG Newsletter

Permian Basin Water in Energy conference scheduled April 7-9 in Midland

April 3, 2026 by PBOG

The 2006 Permian Basin Water in Energy conference will be conducted next week in Midland.  Keynote speakers in the conference April 7-9 at UTPB and Bush Convention Center will include Maynard Holt, CEO of research firm Veriten; Nick Moriss, vice president of Natura Resources; Billy Murphy, CEO of University Lands; and Ray Perryman, CEO of […]

Filed Under: PBOG Newsletter

Midland’s Vision Oil and Gas acquires more Permian wells, expands to Anadarko

April 3, 2026 by PBOG

Midland-based Vision Oil and Gas recently said it is expanding its operations in Permian Basin and Anadarko Basin in Mid Continent.  Vision is acquiring 114 wells in Cochran, Mitchell, Reeves, Reagan and Ward counties in west Texas and 320 wells in Anadarko in six transactions.  Vision said it’s “the first substantial play for the company […]

Filed Under: PBOG Newsletter

Drilling rig counts decline in Permian Basin, Texas and U.S.

March 31, 2026 by PBOG

Counts of active oil and gas drilling rigs declined in the past week in Permian Basin, Texas and U.S.  Baker Hughes said in its weekly report of March 27 there were 543 rigs in U.S. – down 9 in the past week and down 49 or 8.28 percent from 592 of a year ago.  The […]

Filed Under: PBOG Newsletter

TIPRO presents Energy Icon Award to Pioneer founder Scott Sheffield

March 31, 2026 by PBOG

Scott Sheffield, former chairman, CEO and founder of Pioneer Natural Resources, received the inaugural TIPRO Energy Icon Award at the 80th annual convention of Texas Independent Producers and Royalty Owners Association today in Houston.  TIPRO said, “His role in the shale revolution didn’t just boost an industry.  It helped to secure American energy independence.” Sheffield’s […]

Filed Under: PBOG Newsletter

BLM schedules oil, gas lease sale May 20 in Texas, New Mexico

March 31, 2026 by PBOG

U.S. Bureau of Land Management recently scheduled an oil and gas lease sale for 33,530 acres in Texas and New Mexico.  The sale will be conducted May 20.  BLM completed scoping on the parcels in December 2025 and held a public comment period that closed in February 2026.  A 30-day public protest period will close […]

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XGS Energy, Baker Hughes to develop geothermal project in New Mexico

March 31, 2026 by PBOG

Houston-based XGS Energy last week said it will collaborate with energy technology company Baker Hughes to develop XGS’s 150-megawatt geothermal project in New Mexico.  The project will support the delivery of clean, round-the-clock power to the grid of Public Service Co. of New Mexico for Meta’s data center operations in the state. The collaboration brings […]

Filed Under: PBOG Newsletter

Reuters: Vicki Hollub, 66, to retire as CEO of Occidental Petroleum

March 27, 2026 by PBOG

Reuters reported Thursday that Occidental Petroleum CEO Vicki Hollub is preparing to retire after a decade of leadership for the U.S. oil and gas major.  Hollub, 66, plans to make a formal announcement later this year, sources told Reuters, although “the ongoing conflict in the Middle East … could reshape her plans.”  Reuters said no […]

Filed Under: PBOG Newsletter

Enverus raises crude price forecasts for 2026 and 2027, lowers demand forecast

March 27, 2026 by PBOG

Calgary-based Enverus Intelligence Research this week issued updates to its global oil outlook that include increased forecasts for Brent crude in 2026 and 2027.  “The world has an oil flow problem that is draining stocks,” Al Salazar, director of research at Enverus, said Tuesday.  “Whenever that oil flow problem is resolved, the world is left […]

Filed Under: PBOG Newsletter

Record installation of battery energy stationary storage reported for 2025

March 27, 2026 by PBOG

Solar Energy Industries Association said in its recent annual report that installation of stationary battery storage achieved a record in 2025.  Battery energy stationary storage (BESS) surpassed 28 gigawatts of new installations last year – 28 percent higher than in 2024.  The report, issued in partnership with Benchmark Mineral Intelligence, said the new battery storage […]

Filed Under: PBOG Newsletter

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