Midland-based Intrepid Directional Drilling Specialities acquired the directional drilling business, including personnel and equipment, of Houston-based Gyrodata to double Intrepid’s capabilities in North America and expand its presence in Latin America. Robert Trainer, president and CEO of Gyrodata, said April 30 when his company announced the sale, “We are helping to build a truly unique […]
Apache, Parsley, 3 other Texas drillers stop filing for permits
Five Texas operators – once some of the most active drillers in the state – have stopped filing for permits with Railroad Commission of Texas. Houston Chronicle reported this week that 24 companies filed 54 drilling permits during week of May 13-19 – lowest number of filings in one week this year. Chronicle said Apache, […]
EOG Resources takes lead in drilling permits filed in Texas
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 […]
Eddy (41 rigs), Midland (31) lead Permian Basin count from Baker Hughes
Midland County replaced Lea County, N.M., as Permian Basin’s No. 2 county in the April 24 rig count from Baker Hughes. Midland’s count was unchanged from the previous week with 31 rigs while Lea idled 9 rigs to fall to 29. Eddy County, N.M., remains the leader with 41 rigs. Other basin rig counts include […]
Production of oil, gas to decline in each of seven major regions in May
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 […]
Double Eagle, Parsley, Concho file drilling permits in Midland County
About 40 oil and gas companies filed 110 drilling permits with Railroad Commission of Texas in the first week of April, according to Houston Chronicle, the state’s lowest weekly total of the year. Almost 20 percent of the permits were for drilling in Midland County. Double Eagle Development of Fort Worth filed 10 permits for […]
Lease Prices, Demystified
In recent months some record dollar amounts have been paid for leases in the Permian Basin. In 2018 a Santa Fe firm that places bids for anonymous investors bid more than $95,000 per acre for a tract of U.S. government land on the New Mexico side of the Basin. That number was a record high […]
Turning to the Right
In many ways, the story of drilling is the story of the drill bit. As that device has changed, so has the entire enterprise of making hole. by Bobby Weaver In today’s world the speed and efficiency of drilling oil wells has reached a level undreamed of by early day oilmen. The evolution […]
Drilling Deeper: Success- Examples of it, Paths Toward It
High achievement—as a topic and as an objective–is under discussion in some of this month’s array of truncated articles. As always, you are invited to sample these article intros below, and go to the PBOG website (pbog.com/DrillingDeeper) to get the full version of each one. Fracking Tops Environmental Issues A full 57 percent […]
Drilling Deeper: Strong Sentiments, Sensible Suggestions
Opinions and advice are in ample supply in our array of articles. These are the full versions of the “Drilling Deeper” news items that appeared in abbreviated versions in the print edition of the August PBOG. EPA Gets Supreme Setback Railroad Commission of Texas Chairman Barry Smitherman commended action recently by the U.S. […]
