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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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Flaring in Permian Basin to remain steady as activity returns

November 25, 2020 by PBOG

Enverus from RS Energy Group said last week flaring intensity in Permian Basin as measured by satellites is estimated at just under 300 MMcfd for November. Since July flaring volumes in Permian have been similar to late 2018 as operators resume production. “We expect flared volumes to remain steady as activity continues to return to […]

Filed Under: PBOG Newsletter

Oil production forecast to decline in December for third straight month

November 25, 2020 by PBOG

U.S. crude oil production from seven major regions is expected to decline in December for third straight month and by the most since May, according to U.S. Energy Information Administration. The decline is expected to be 140,000 barrels per day from November to 7.513 million b/d (lowest since June). Largest declines are 37,000 b/d in […]

Filed Under: PBOG Newsletter

Colorado commission bans flaring, adopts “stringent” drilling setback rules

November 25, 2020 by PBOG

Colorado Oil and Gas Conservation Commission voted unanimously this week to end routine natural gas flaring and venting and established the nation’s most stringent setback requirements for drilling near homes and schools. Dan Haley, president and CEO of Colorado Oil and Gas Association, told E&E News after Monday’s action that Colorado now has “the toughest […]

Filed Under: PBOG Newsletter

Midland’s Blue Quail Energy acquires Fluid Delivery Solutions

November 25, 2020 by PBOG

Midland-based Blue Quail Energy Services, energy services company for exploration and production companies for unconventional resources, said last week it is acquiring Fluid Delivery Solutions, one of the nation’s largest water transfer companies. The transaction will expand Blue Quail operations into Eagle Ford and Haynesville in south and east Texas and Marcellus and Utica in […]

Filed Under: PBOG Newsletter

WPX Energy to focus Delaware activity in 2021 on Felix legacy assets

November 19, 2020 by PBOG

Tulsa-based WPX Energy said Nov. 2 in its quarterly financial report that it now has 2 completion crews working in Delaware Basin after releasing all four of its crews in 2020Q2 in response to the effects of the coronavirus pandemic on energy demand and oil prices. WPX said production in Delaware Basin in 2020Q3 averaged […]

Filed Under: PBOG Newsletter

Centennial converts wellsites to electric grid to reduce emissions, costs

November 19, 2020 by PBOG

Denver-based Centennial Resource Development said Nov. 2 in its quarterly financial report that the completion of Phase II of its electric substation in 2020Q3 in Reeves County enabled it to convert wellsites from generator power to the electric grid, reduce field emissions and lower equipment rental costs. Also during 2020Q3, Centennial completed 5 previously drilled […]

Filed Under: PBOG Newsletter

QEP Resources operating 2 rigs in Permian Basin in 2020Q4

November 19, 2020 by PBOG

Denver-based QEP Resources said Oct. 28 in its quarterly financial report that it drilled 9 gross horizontal wells in Permian Basin in 2020Q3 with average lateral length of 12,548 feet. Production for the quarter was 4.4 million boe – a decrease of 23 percent from 2019Q3. “The decrease was a result of decreased drilling activity […]

Filed Under: PBOG Newsletter

Occidental to add 2 rigs each in Texas and New Mexico by yearend

November 19, 2020 by PBOG

Houston-based Occidental Petroleum said Nov. 9 in its quarterly financial report that it plans to add 2 rigs each in Texas and New Mexico in Permian Basin to bring its total to 7 rigs by yearend. Occidental said in 2020Q4 it expects 360,000 to 380,000 boed to come from Permian sources, which exceeded the high […]

Filed Under: PBOG Newsletter

Rig counts continue to increase to 312 in U.S., 154 in Texas, 145 in Permian

November 19, 2020 by PBOG

Texas added 6 rigs for the second straight week, and the U.S. count of active oil and gas drilling rigs increased for the ninth straight week as of Nov. 13, according to Baker Hughes. U.S. has 312 rigs (300 previous week), Texas has 154 (147 previous week), Permian Basin has 145 (139 previous week) and […]

Filed Under: PBOG Newsletter

TCEQ improves ability to monitor air quality with mobile vans, drones

November 19, 2020 by PBOG

The ability of Texas Commission on Environmental Quality to detect airborne pollution has improved after a series of additions and enhancements to its emergency response assets. TCEQ said last week in Houston $1 million from the Texas legislature in 2019 allowed the agency to upgrade two existing mobile air-monitoring vans and purchase a third, enabling […]

Filed Under: PBOG Newsletter

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