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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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In 11 weeks, U.S. loses 475 of 793 rigs (53 percent of decline in Permian)

May 28, 2020 by PBOG

In its rapid decline in active oil and gas drilling rigs now at 11 weeks, U.S. has lost 475 rigs to fall to 318 rigs as of May 22 from 793 rigs as of March 6. Permian Basin posted a declining rig count in 10 of those 11 weeks to fall from 415 to 162 […]

Filed Under: PBOG Newsletter, Rig Count Reports Tagged With: Eddy County, permian basin, rig count

Double Eagle, Parsley, Concho file drilling permits in Midland County

April 16, 2020 by PBOG

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 […]

Filed Under: PBOG Newsletter, Producers and Exploration, Rig Count Reports Tagged With: Drilling, Oil and Gas, permian basin, rig count

Texas rig count returns above 500; U.S. count above 1,000 for past year

April 18, 2019 by PBOG

Baker Hughes’ count of active oil and gas rigs returned above 500, according to the April 12 report, after three weeks below 500.  Three rigs were added in Texas in the past week for a new total of 502.  Permian Basin also added 2 rigs to reach 464, but New Mexico declined 2 to 105, […]

Filed Under: News, Online Exclusive, PBOG Newsletter, Rig Count Reports Tagged With: rig count

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