Permian Basin Oil and Gas Magazine

  • Rig count grows in Permian Basin for sixth straight week to 259
    on September 23, 2021 by PBOG

    Baker Hughes’ count of active oil and gas drilling rigs in Permian Basin increased for the sixth straight week as of Sept. 17 (and 10th time in the last 12 weeks).  There were 512 rigs in U.S. (503 week ago, 255 year ago), 259 rigs in Permian Basin (254 week ago, 123 year ago), 239 The post Rig […]

Permian Basin Oil and Gas Magazine

  • Permian leads major shale plays in oil output growth to 4.826 million b/d
    on September 23, 2021 by PBOG

    Production of both crude oil and natural gas in seven major U.S. shale plays is expected to increase in October, according to the latest Drilling Productivity Report from U.S. Energy Information Administration.  Oil output will rise 66,000 b/d from September to October to 8.135 million b/d, and […]

Permian Basin Oil and Gas Magazine

  • Midland’s Diamondback Energy increases 2021 production forecast
    on September 23, 2021 by PBOG

    Midland-based Diamondback Energy recently increased its 2021 production guidance to 363,000-to-370,000 boed from 350,000-to-360,000 boed as forecast in May with oil weighting staying steady at about 60 percent.  Production in 2021Q2 was 401,451 boed (up 36 percent from 2020Q2), and in 2021Q3 […]