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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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Earthstone Energy returns curtailed production, drills in Upton County

July 23, 2020 by PBOG

The Woodlands-based Earthstone Energy said it is returning to full production all of its shut-in and curtailed operated wells. Earthstone said July 16 its wells “are currently producing at nearly 100 percent of capacity.” Earthstone said total net production was curtailed by about 60 percent in May, when the company concluded its 2020 drilling program […]

Filed Under: PBOG Newsletter, Producers and Exploration Tagged With: Earthstone Energy, Produciton, Rig Operations

Diamondback, Noble, others return curtailed oil production in July

July 16, 2020 by PBOG

Midland-based Diamondback Energy said Tuesday it lifted its reduction in May of about 9,000 barrels of oil production per day and resumed pumping from its shut-in wells in June. Travis Stice, CEO, said, “With oil prices having recovered significantly since the decision to curtail production was made in April, Diamondback returned this production through the […]

Filed Under: PBOG Newsletter, Producers and Exploration Tagged With: Oil and Gas, oil production, permian basin

Midland’s Summit Petroleum files 9 permits in Upton County

July 16, 2020 by PBOG

Midland-based Summit Petroleum led companies filing for oil and gas drilling permits in Texas during the week of July 1-7. Houston Chronicle said Summit filed 9 drilling permits with Railroad Commission of Texas for horizontal wells targeting Spraberry in Upton County to depths of 9,400 to 10,100 feet. Also in west Texas, Tulsa-based WPX Energy […]

Filed Under: PBOG Newsletter, Producers and Exploration Tagged With: Drilling Permits, Oil and Gas, permian basin

Patterson-UTI Energy operates 65 drilling rigs in June

July 9, 2020 by PBOG

Houston-based Patterson-UTI Energy, a leading provider of oilfield services and products to exploration and production companies, said this week it operated an average of 65 drilling rigs in June 2020. For the three months that ended June 30, Patterson operated an average of 82 drilling rigs. The company operates wells in Culberson, Howard, Loving, Midland, […]

Filed Under: PBOG Newsletter, Producers and Exploration

Diamondback leads state in filing June 24-30, Shell adds 4 permits in Loving

July 9, 2020 by PBOG

Midland’s Diamondback Energy led the state in filing for drilling permits for the week of June 24-30, according to Houston Chronicle. Diamondback filed 9 permits followed by 8 by Centennial Resource, 7 by Double Eagle, 6 by Ovintiv, 5 by Cimarex Energy, and 4 each by Pioneer Natural Resources, Comstock and Shell. Dutch oil major […]

Filed Under: PBOG Newsletter, Producers and Exploration

Cheniere, Freeport receive cancel orders for shipments of LNG

May 28, 2020 by PBOG

Cheniere Energy, nation’s biggest producer of LNG, received requests to cancel as many as 30 cargoes due for loading in July from buyers with long-term supply contracts, including shipments from Texas ports Sabine Pass and Corpus Christi. Bloomberg said Cheniere may also cancel some of its own cargoes that it sells in the spot market. […]

Filed Under: PBOG Newsletter, Producers and Exploration Tagged With: Freeport LNG Development, production

EOG Resources takes lead in drilling permits filed in Texas

May 22, 2020 by PBOG

Houston-based EOG Resources resumed its status as No. 1 driller in Texas, according to a report this week in Houston Chronicle. EOG has filed 175 drilling permits with the Railroad Commission of Texas to date to overtake ExxonMobil (105). Midland’s Diamondback Energy (151) and Irving-based Pioneer Natural Resources (144) also have overtaken Exxon followed by […]

Filed Under: PBOG Newsletter, Producers and Exploration Tagged With: Drilling, Oil and Gas, permian basin

EOG Resources to reduce 2020 drilling, production forecast

May 14, 2020 by PBOG

Houston-based EOG Resources, in its May 7 announcement of first quarter results, said it reduced rigs in the last six weeks from 36 to 8 and will have an average of 6 rigs for the remainder of 2020. EOG in 2020 will focus drilling in Permian Basin and Eagle Ford, produce about 390,000 b/d of […]

Filed Under: PBOG Newsletter, Producers and Exploration, Rig Count Reports Tagged With: eagle ford, horizontal drilling, permian basin, rig counts

Wheat Energy Partners files permits for first projects in Reeves County

May 14, 2020 by PBOG

Fort Worth-based Wheat Energy Partners, founded in 2018, filed permits to drill its first projects in Delaware Basin. Houston Chronicle said Wheat Energy filed permits with Railroad Commission of Texas for four horizontal wells in Reeves County targeting Wolfcamp to total depth of 14,000 feet. The Chronicle said Wheat Energy “is choosing to drill its […]

Filed Under: PBOG Newsletter, Producers and Exploration Tagged With: Delaware Basin, Texas Rail Road Commission

Production of oil, gas to decline in each of seven major regions in May

April 30, 2020 by PBOG

U.S. Department of Energy forecasts declining production for both crude oil and natural gas in each of the seven major regions in May as supply continues to outpace demand and storage capacity amid the global coronavirus pandemic. Oil production is expected to decline by 183,000 barrels per day in May compared to April to 8.526 […]

Filed Under: PBOG Newsletter, Producers and Exploration Tagged With: crude oil, Drilling, Natural Gas, permian basin, production

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