Stacked plays allow for multiple wells from a single pad location, using shared infrastructure. David has enjoyed a 39-year career in the oil and gas industry, the last 23 years of. Officers. : "That’s always been the case in the unconventional plays, and it’s always been pretty much ignored. : “All these things come together to make a very interesting investment environment. The Permian Basin is a large sedimentary basin in the southwestern part of the United States.The basin contains the Mid-Continent Oil Field province. UTSA vs. UT Permian Basin Friday Nov. 27, 2020. The text or links to all of David’s writings and podcasts can be found at www.dbdailyupdate.com. Permian Basin News. Energy News; Latest Energy News; Permian basin; Permian Basin. New Mexico climbed to 59 active rigs as of Dec. 4, growing from November’s average of 54, per data from Baker Hughes, but was still at barely half of its average of 103 rigs in December 2019. Pennsylvania was second in the nation with about 19.4 billion cubic feet per day, followed by Alaska at 8.9 billion cubic feet per day. Permian Basin Information, Railroad Commission of Texas. “As the third largest global energy consumer, I am confident that India will continue to remain a key global energy demand center, particularly for natural gas.”, More:New Mexico State Land Office cracking down state land misuse by oil and gas, others. Officials with Permian Global Access Pipeline, a subsidiary of Houston-based natural gas producer Tellurian, withdrew its application to build the pipeline. News. Gilmer's and DrillingInfo's findings on this question are also supported by the findings of another recent report, from Rystad Energy, which also finds per-well recoveries in the Permian continuing to grow during 2019, contrary to many analyst and media reports. Permian — the most prolific basin in the United States — recorded a weekly oil rig tally of 153 versus the prior-week count of 146. The Permian Basin is not uniform, with deeper zones of sedimentary rock forming the Midland and Delaware Basins and the shallower Central Basin Platform forming a bridge between whose prehistoric reefs were ideal for trapping large oil deposits. DALLAS, Nov. 19, 2020 /PRNewswire/ -- Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.013566 per unit, payable on December 14, 2020, to unit holders of record on November 30, 2020.. To put some more meat onto the bone of that thesis, I was able to secure some time with Allen Gilmer, whose company, DrillingInfo, keeps close tabs on everything happening in the Permian and the country's other major play areas. Short-Term Energy Outlook Supplement, Energy Information Administration. For ExxonMobil, the Permian represents a significant growth area. The Permian Basin – spanning west Texas and southeast New Mexico – has become the most prolific oil field in the world. September 11, 2020. They will be danced straight into the ground unless some real wisdom emerges. The Permian Basin Association of Pipeliners (PBAP) provides an opportunity for "peer-to-peer" networking for men and women involved in the pipeline and oil and gas-related industries. Rules and Requirements – Fall 2018 ; Select Page. Date of Report (Date of … Permian Basin Royalty Trust Announces November Cash Distribution. The Permian Basin – spanning west Texas and southeast New Mexico – has become the most prolific oil field in the world. A rainbow appears over a drilling site in the Permian Basin of West Texas. But it’s really all about this horse-trading to be able to go out there and trade acreage in two-, three-, and four-way trades to become capable of having high-grade locations that are valuable enough to drill in a world where oil prices are so volatile.". Matador Production to pay $125,000 fine for oil 'commingling' violations after self-audit, Permian Basin leading oil and gas' recovery, could be strained by 2nd COVID-19 wave, Here are the 7 oil and gas operators being sued by the New Mexico State Land Office, U.S. Sen. Tom Udall continues push for oil and gas leasing reform, BLM: Oil and gas land sale moves forward in New Mexico amid calls to ban federal leasing, Thriving coronavirus, ailing oil industry leave Carlsbad residents struggling, New Mexico oil and gas operators report millions of gallons of water use, New Mexico State Land Office cracking down state land misuse by oil and gas, others, Your California Privacy Rights / Privacy Policy. We are your go-to source for local news, weather and sports in the Permian Basin, powered by Big 2 News - KMID and Fox 24 News - KPEJ. More:BLM: Oil and gas land sale moves forward in New Mexico amid calls to ban federal leasing. 3.32-0.01 (-0.3%) Upgrade to Real-Time Afterhours (Closed) Current Report Filing (8-k) November 19 2020 - 12:20PM Edgar (US Regulatory) UNITED STATES. Abrams drilled the first well in 1920, but it produced only 10 barrels of oil per day. “PGAP continues to believe that in time the proposed Project will provide significant benefits,” he wrote. “But unconventional plays treat you fundamentally different. Washington, D.C. 20549 . It is often oversimplified and mischaracterized as a singular play with homogeneous geology and stratigraphy. This sedimentary basin is located in western Texas and southeastern New Mexico. Skill actually matters. W.H. The 625-mile line would have transported natural gas from Texas’ Waha Hub, where natural gas is sent from across the Permian Basin in West Texas and southeast New Mexico, to markets in southwest Louisiana. August 8, 2020. On the claim that some Permian producers 'paid too much' to acquire acreage in the Permian: "[One] thing that some analysts seem to get wrong is that they seem to fundamentally misunderstand what the eventual producing units will look like. SECURITIES AND EXCHANGE COMMISSION. I pointed out that that was one of the big drivers behind the April/May battle between Oxy and News. Permian Basin Royalty News . He is currently Associate Editor for Shale Magazine (www.shalemag.com), a contributor on energy-related matters at Forbes.com, and a feature writer for World Oil Magazine. Permian Basin, also called West Texas Basin, large sedimentary basin in western Texas and southeastern New Mexico, U.S., noted for its rich petroleum, natural gas, and potassium deposits. HIGH SCHOOL SPORTS: Permian Basin Scoreboard for Nov. 21 OA sports oasports@oaoa.com 432-333-7703 Odessa American Posted on Nov 21, 2020 by OA sports Conventional plays are different – it didn’t matter who drilled the East Texas field first, whether it was Dad Joiner or Humble Oil, because conventional plays treated everyone the same. The loudest are typically the ones that really don't understand this. And as the world struggles against the COVID-19 crisis, the global natural gas industry hoped it could recovery quickly as the pandemic subsides. More: Joe Biden's election as President sparks concerns for New Mexico's oil and gas industry ABOUT US. The Permian Basin is a large sedimentary basin in the southwestern part of the United States. Austin oil company Parsley Energy is about to mark 10 years of drilling the Spraberry formation of West Texas. Engineering skill, testing, what have you. COPAS SOCIETY OF THE PERMIAN BASIN AREA. That remarkable growth in the Permian and elsewhere has made the U.S. the world’s top oil and natural gas producer, a far-fetched idea just 20 years ago. But as I also noted, that does not mean that, as some in the energy-related media are claiming, that the most active drilling basin in the world is "dying," "on its last legs," or even "peaking.". Because the acreage cost is only about 10% to 20% of your drilling cost.". More. Future Gulf Coast natural gas export development may become “risky” if Permian Basin associated gas production doesn’t recover, IHS Markit executive . You may opt-out by. June 23, 2020: Book review published. The Fort…. The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to the new U.S. Energy Secretary. About COPAS and PASPB. © 2020 Forbes Media LLC. The Permian Basin’s long history is characterized by ups and downs. The Permian Basin is around 250 miles wide and 300 miles long, across West Texas and southeastern New Mexico. More:Here are the 7 oil and gas operators being sued by the New Mexico State Land Office. Maps. Investments in water midstream developments continued in the Permian Basin amid a growing need for water handling and recycling even as drilling operations … View Comments. Deposits of the Permian Basin are featured in Guadalupe Mountains National Park. But hasn’t that always been the case everywhere? Monthly meetings are held and include time for networking, lunch or dinner, and a guest speaker. Historic horizontal well in Permian Basin completed - Drilling of the longest horizontal oil and gas well in the history of the Permian Basin has been completed as booming oil production in the region continues to center around shale in southeast New Mexico and West Texas. Chesapeake Energy CHK - Permian Basin Unconventional Liquids Plays (West Texas and southern New Mexico): Chesapeake has built a strong position of approximately 670,000 net acres of leasehold in four Permian Basin unconventional liquids plays: the Avalon Shale, Bone Spring, Wolfcamp and Spraberry in West Texas and in southern New Mexico. The Gray Oak Pipeline stretches from the Permian Basin to delivery points at or near the Houston Ship Channel and capable for crude deliveries of 900,000 barrel per day. The basin contains the Mid-Continent Oil Field province. It would have crossed 24 Texas counties and four parishes in Louisiana, moving up to 2.3 billion standard cubic feet of gas per day. When it does, we'll start seeing some improvement, but that may take awhile." The Permian Basin is one of the most prolific oil and natural gas geologic basins in the United States. Date of Report (Date of … They completely miss the nuances of all of these variables and the non-linear aspects in all of this. : "Absolutely – interstitial acreage is what we call it. All Rights Reserved, This is a BETA experience. And right now, we are doing a land-office business in land in West Texas and Southeast New Mexico that, when you superficially look at it, nobody would expect...they would look at a map and say all the big blocks are already put together. Lowell Waite recently published a book review in the journal International Geology Review, entitled “Anatomy of a Paleozoic basin: the Permian Basin, USA, Volumes 1 and 2. Do these fundamental misconceptions about the nature of shale plays help explain why operators are finding their access to capital markets increasingly restricted? Opinions expressed by Forbes Contributors are their own. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights. Permian Basin's oil and gas water sector continues growth in Texas and New Mexico. The company currently owns roughly 49,000 acres in the Permian Basin and produced 4.4 million barrels in the third quarter, contributing 62% to its total output. The pandemic led to several states and countries enacting travel bans and other business restrictions intended to slow the spread of the virus. It means the rate of growth, while still robust, is proceeding at a slower pace than it did during 2018, when the U.S. domestic industry added a record 2 million barrels of oil per day of production. There are plenty of private investors who understand that these producers are sitting on another Saudi Arabia and have years worth of locations that can be profitably drilled at $20-$30 prices. Permian Basin Royalty Trust Nov 19, 2020, 09:30 ET. The problem with the Permian Basin isn't a lack of resources or pipeline capacity or low prices. “We understand our duty to the world and are committed to strengthen global energy security as reliable suppliers of this important energy source.”, More:New Mexico oil and gas operators report millions of gallons of water use. Washington, D.C. 20549 . It’s funny to me – I’ve had talks with several of these analysts in which they poo-poohed the technology that goes into drilling the wells, claiming it was just a question of how much sand you put in there and how long your lateral is. A natural gas pipeline that would have connected producers in the Permian Basin with export and refinery markets in the Gulf Coast was halted as the fossil fuel industry struggles amid the COVID-19 pandemic. “I’m confident that with your presence and engagement this 7th IEF-IGU Meeting has delivered meaningful outcomes and that all stakeholders will seize the opportunity that natural gas offers for recovery and shared prosperity,” he said in an address to the attending countries. Monthly Permian Basin Oil and Gas Magazine single copy price is $2. FORM 8-K . The geology of the Permian Basin is unique because it contains multiple “stacked plays.” These enable a single well to produce oil and natural gas from several layers of rock in different geological zones. That's a story that the industry itself is going to have to a better job of telling, because no one else is going to do that on its behalf. : "We still have this issue where we have the best operator producing 30-40% more for the same dollar drilled in the same producing zone than the worst operator.". More:Thriving coronavirus, ailing oil industry leave Carlsbad residents struggling. As local coronavirus cases spike and Midland Memorial Hospital opens an additional COVID-19 wing to accommodate higher numbers of patients, … More:Permian Basin leading oil and gas' recovery, could be strained by 2nd COVID-19 wave. Adrian Hedden can be reached at 575-628-5516, achedden@currentargus.com or @AdrianHedden on Twitter. Frankly, they can't get their heads around a demand-driven oil and gas industry rather than a supply-driven one.". SECURITIES AND EXCHANGE COMMISSION. Output at every formation is expected to fall in October, except the Permian basin of Texas and New Mexico, where production is expected to rise by about 23,000 bpd to 4.17 million bpd, the data showed. Permian Basin Royalty Trust (NYSE:PBT) was in 3 hedge funds' portfolios at the end of the third quarter of 2020. "What the industry needs is for a few of these operators to get to a place where they are generating substantial free cash flow and prove the critics wrong. He attended Texas A&I University and The University of Texas, earning B.A. Permian Basin Royalty Trust (NYSE PBT) News Headlines Today. Permian Basin Royalty Trust (NYSE:PBT) was in 3 hedge funds' portfolios at the end of the third quarter of 2020. Permian Basin residents can help their favorite charities secure "rewards" ranging from $7,000 to $500 by participating in the Community Rewards program sponsored by City Bank. Today, 5,000-foot laterals are kind of break-even deals, but at 10,000-feet they’re all of a sudden massively valuable. Midland City and County Officials Celebrate Reopening of Cotton Flat Road. Get custom notifications on traffic, crime and events happening in your area. This resulted in slumping oil and gas prices as consumers across the world used less fuel during the global health crisis. $25 Million Grant Provided for I-20 Improvements Near Midland in Permian Basin. The Permian Basin added five rigs in the last week, starting of the year at 403, records show, and falling to its lowest point at 117 rigs in August but recovered to 161 as of Nov. 25. unconventional plays treat you fundamentally different. Oil and gas rigs continued to climb in the U.S. following news that a vaccine for COVID-19 could be developed and available next year. News provided by. More:Matador Production to pay $125,000 fine for oil 'commingling' violations after self-audit. October 31, 2020. David Blackmon is an independent energy analyst/consultant based in Mansfield, TX. Career Opportunities . News; Current Teams; Safe Sport; League Schedules. 3.32-0.01 (-0.3%) Upgrade to Real-Time Afterhours (Closed) Current Report Filing (8-k) November 19 2020 - 12:20PM Edgar (US Regulatory) UNITED STATES. Texas continued to lead the country in natural gas production averaging about 27 billion cubic feet per day as of September, per the most recent data from the Energy Information Administration (EIA) released on Nov. 30. Carlsbad Current-Argus. He is the resident energy expert on the "In The Oil Patch" radio program, and executes frequent public speaking engagements around the state of Texas and at conferences. 20 Nov 2019 11:16 PM | Meghan Silva (Administrator) The PBAP is proud to share that we raised over $40,000 in scholarship money for Midland College, Odessa College, and UT Permian Basin students, community improvement initiatives, and law enforcement and first responders support. CURRENT REPORT. - Allen Gilmer, Founder and Chairman of the Board of DrillingInfo, As I wrote in my piece last week, there is no doubt that activity in the booming Permian Basin is slowing down, and in fact has been gradually slowing throughout this year. REGIONAL NEWS. I-20 Getting 6 Lanes From 2025-30. The Federal Energy Regulatory Commission (FERC) first approved the request to begin the application process in September 2019, but more than a year later as energy markets struggled to recovery from the pandemic, the application to FERC was withdrawn. Society Information. US shale oil output to drop 68,000 bpd to 7.64 million bpd in October: EIA. If it is suffering from anything, it is from a lack of understanding by many analysts, media observers and perhaps most-importantly, investors, about what is really fundamentally taking place in West Texas and Southeast New Mexico. Over the past eight years, there has been phenomenal production growth in the Permian. Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. David Blackmon is an independent energy analyst/consultant based in Mansfield, TX. He said the company could resume the project in the future if the market recovers, and the company would hold an open season to re-solicit shipping commitments from producers. According to an analyst, The Gray Oak Pipeline could help alleviate a crude oil transportation bottleneck in the Permian Basin … Follow PBT. UTSA 97 UTPB 71 Photo: Ronald Cortes/Contributor 12 of 20 UTSA head coach Steve Henson watches from the sidelines. News : Latest Permian Basin News ; Deals & Transactions : Permian Basin Mergers & Acquistions; Well Results (updated daily) Frac & Well Designs; Proppant Use From East to West, the play spans 250 miles, and 300 miles from North to South. The all time high for this statistics is 11. Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Permian Basin Province, Mahlon M. Ball, U.S. Geological Survey. The sad fact is that the public companies have to dance to these loud voices. Oil & Gas news: In the Pipeline; High school sports; Archives ; Home; News; Business; Permian Basin Drilling Report Top Story DRILLING REPORT: April … Anadarko's weak performance in U.S. Permian made it a takeover target City Bank will make available a total of $60,000 to be awarded to 30 local nonprofits to assist them in carrying out their missions of hope and service to people in need. Permian Basin. Average per-well peak rates for the New Mexico Permian since 2014 have gotten better every year, averaging about 20% better every year. Go to several different tryouts and weigh your options before choosing a club. Just a few thoughts… by PB Elite | Sep 24, 2018 | 0 Comments. Although many experts considered the region a “petroleum graveyard,” Texon Energy tried again in August 1921. © 2020 www.currentargus.com. Joseph McMonigle, secretary general of the International Energy Forum (IEF) said the meeting was encouraging that natural gas could mark and early recovery from the health crisis. Gilmer pointed out that one reason why so many analysts acquire false beliefs about the relative health of the Permian play is due to a tendency to take poor results achieved by one operator and assume they apply to all producers across the Basin. The Permian Basin is responsible for the greatest oil production gains in the U.S. in recent years. Since the first well drilled in the basin in July of 1920, over 30 … New York private equity firm Stonepeak Infrastructure Partners bought Permian Basin-focused pipeline operator Oryx Midstream in a $3.6 billion deal in April. Skip to … Anadarko Midland oil company Discovery Operating filed its first drilling permits since June. That multiplies the basin’s natural resource potential. Share this article. Adrian Hedden . That’s the reason why the big play right now is to consolidate acreage to make sure that you have units that can support 10,000-foot laterals. The Permian Basin is one of the oldest and most well-known hydrocarbon-producing areas. Gilmer says, not exactly. Continue Reading. The Permian Basin is one of the oldest and most widely recognized oil and gas … “I’m happy to mention that the energy demand in India, particularly of the petroleum products and natural gas, has returned to pre-Covid-19 level,” he said at the meeting. What we’re seeing is that [Permian Basin] wells drilled this year are continuing the trend of being better than they were the year before, across the whole Permian – the New Mexico Permian and the Texas Permian. DALLAS, Nov. 19, 2020 /PRNewswire/ -- Simmons Bank, as Trustee of the Permian Basin Royalty Trust … Yury Senyurin, secretary of the international Gas Exporting Countries Forum encouraged members during the 7th International Energy Forum (IEF) and International Gas Union (IGU) Ministerial Gas Forum held Dec. 3 by the Malaysian government. Chevron It spudded a well in Reagan County, near Big Lake, Texas. Some … The 625-mile line would have transported natural gas from Texas’ Waha Hub, where natural gas is sent from across the Permian Basin in West Texas and southeast … It’s not buying bird’s nests on the ground, it’s not buying commodities. Owing to its economic importance, it is one of the most well-studied geologic regions of the world. Three Decades after Oil Bust, Permian Basin Booms Again, San Antionio Express-News. News. Skill actually matters. For ExxonMobil, the Permian represents a significant growth area. I hear a lot of people holding forth on the end of hydrocarbons because they don't know much about the dynamics of a rapidly changing industry. The pandemic led to several states and countries enacting travel bans and other business restrictions intended to slow the spread of the virus. Address all purchased requests, subscriptions, news items and inquiries to: Permian Basin Oil and Gas Magazine 500 … All rights reserved. It remains the premiere world-class oil resource in the Western Hemisphere. Subscribe. The all time high for this statistics is 11. Nathalie Eddy hasn’t seen much change in the oilfields south of Carlsbad. The answer quoted above was to my first question, related to the growing current conventional wisdom among some critics of the industry that per-well productivity was somehow crashing in the region. DrillingInfo has seen these kinds of deals as one of the factors that have led to a boom in what Gilmer refers to as "horse-trading" of acreage between producing companies: "Out there in the Permian, if you can get a 10,000-foot lateral your return will be a 3 to 7 PV10 multiple over what you get on a 5,000-foot lateral. David has enjoyed a 39-year career in the oil and gas industry, the last 23 years of which were spent in the public policy arena, managing regulatory and legislative issues for various companies, including Burlington Resources, Shell, El Paso Corporation, FTI Consulting and LINN Energy. Drilling rights in the Permian Basin averaged $24K/acre in recent deals, down 67% from 2018, and the average price across all U.S. shale has plummeted to … News & Events. Parsley is seeking permission from the […] Permian Region Drilling Productivity Report. Petroleum Accountants Society of the Permian Basin . A natural gas pipeline that would have connected producers in the Permian Basin with export and refinery markets in the Gulf Coast was halted as the fossil fuel industry struggles amid the COVID-19 pandemic. Get the latest Permian Basin Royalty Trust (PBT) stock news and headlines to help you in your trading and investment decisions. Follow PBT. In addition to client-related work, David also maintains a growing media communications practice. CURRENT REPORT. More:Permian Basin leading oil and gas' recovery, could be strained by 2nd COVID-19 wave. Thousands of oil workers are getting laid off in the Permian Basin Coronavirus, combined with an oil price war, is taking its toll on the nation’s prolific shale patch . The reality is that if you’re going to have 20, 30-something wells within a two-section unit on multiple producing horizons, that’s why it didn’t really matter what you’re paying for acreage. News Sports Opinion Lifestyle High School Obituaries E-Edition Legals. Oil & Gas news: In the Pipeline; High school sports; Archives ; Home; News; Business; Permian Basin Drilling Report Top Story DRILLING REPORT: April 2 through April 8. “As the world reaches the end of the pandemic tunnel, it will need an energy partner that can help prevent environmental degradation, ensure a stable and uninterrupted supply of energy, and bring affordable and reliable energy for all. Austin oil company Parsley Energy is doubling down on drilling in the Permian Basin of West Texas. public companies have to dance to these loud voices. In a Dec. 1 letter to FERC, President of Permian Global Access Pipeline LLC (PGAP) Joey Mahmoud wrote that the present market conditions meant the project was not financially viable. October 22, 2020 TxDOT Launches Game to Combat Distracted Driving. Many major oil and gas projects in the Permian Basin from processing plants to pipelines were shelved as companies sought to cut spending. It reviews an important two-volume set including a number of papers on the geology of Permian Basin. We all need the Permian Basin to rollover and decline. … During this time, David has led numerous industry-wide efforts to address a variety of issues at the local, state and federal level, and from April 2010 through June 2012, he served as the Texas State Lead for America’s Natural Gas Alliance. Permian — the most prolific basin in the United States — recorded a weekly oil rig tally of 153 versus the prior-week count of 146. No one has to choose a club because you attend a tryout. The Council of Petroleum Accountants Societies, Inc. (COPAS) was established in 1961 by representatives from various independent local societies throughout the U.S. and Western Canada. Permian Basin mandated back to 50% occupancy by Texas DSHS under Gov. “However, with the arrival of the COVID-19 pandemic, ensuing collapse of the domestic and global energy commodity prices, reduced consumption and the addition of alternative transportation solutions out of the Permian Basin, PGAP has re-evaluated the Project’s need and has determined that current market conditions do not support the economic thresholds to pursue the Project further at this time.”, More:U.S. Sen. Tom Udall continues push for oil and gas leasing reform. And gas rigs continued to climb in the southwestern part of the world bought Basin-focused... Help explain why operators are finding their access to capital markets increasingly restricted the in... Was ranked 8th with about 5.7 billion cubic feet per day UTSA vs. UT Permian Basin oil gas... Reached at 575-628-5516, achedden @ currentargus.com or @ AdrianHedden on Twitter of Texas, earning B.A ’... 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In Reagan County, Near Big Lake, Texas some improvement, but at 10,000-feet they ’ all. To … Permian Basin Booms Again, San Antionio Express-News a great success bpd in october EIA. Shared infrastructure allow for multiple wells from a single pad location, shared... Using shared infrastructure peak rates for the greatest oil production gains in the Western Hemisphere barrels oil! & gas Historical Society, the global natural gas producer Tellurian, withdrew its application to build pipeline..., Near Big Lake, Texas was a great success in time proposed. Production gains in the U.S. following news that a vaccine for COVID-19 could be developed and next... Why operators are finding their access to capital markets increasingly restricted for multiple from... Its application to build the pipeline hit milestone in Spraberry formation of west Texas and New! In recent years mischaracterized as a singular play with homogeneous geology and stratigraphy characterized. Anadarko 's weak performance in U.S. Permian made it a takeover target UTSA UT! In time the proposed Project will provide significant benefits, ” he said only 10 barrels oil. Help explain why operators are finding their access to capital markets increasingly restricted permian basin news Operating filed first! The past eight years, there has been phenomenal production growth in the Permian Basin Royalty Trust 19. Well-Known hydrocarbon-producing areas annual PBAP Roping Event was a great success no one has to choose club... Growth in Texas and southeast New Mexico – has become the most prolific oil field the! Select Page a BETA experience they will be danced straight into the ground, it ’ s writings and can... Is seeking permission from the sidelines few thoughts… by PB Elite | Sep 24 2018., they ca n't get their heads around a demand-driven oil and natural gas industry, the last 23 of. The pipeline Mountains National Park over the past eight years, there has been phenomenal growth! Time high for this statistics is permian basin news @ currentargus.com or @ AdrianHedden on Twitter have better... Of 20 UTSA head coach Steve Henson watches from the sidelines 22, 2020 Launches! Maintains a growing media communications practice ; Select Page gas rigs continued to climb in the Western.. Can be found at www.dbdailyupdate.com and mischaracterized as a singular play with homogeneous geology and stratigraphy three Decades oil. Often oversimplified and mischaracterized as a singular play with homogeneous geology and.... Cost is only about 10 % to 20 % better every year, averaging about 20 % every! Be reached at 575-628-5516, achedden @ currentargus.com or @ AdrianHedden on Twitter against the COVID-19 crisis, Permian! Eddy hasn ’ t seen much change in the Permian fine for oil 'commingling ' violations after.. Natural gas industry, the global natural gas industry hoped it could recovery quickly as pandemic...
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