Permian Basin Oil and Gas Magazine

The “Permania” that exploded in 2014, promising then-unimaginable wealth and success to all, stumbled in 2015 and since then the region has seen ups and downs it never envisioned. But in 2025 the pieces are coming back together and pathways to success are becoming clearer. The Basin keeps rolling with the changes, and finding ways to turn times of transition into times of opportunity. https://ow.ly/fe8e50VaZWQ

U.S. Energy Information Administration said last week the number of rigs deployed to drill for natural gas declined over the last two years. https://ow.ly/n6H650Vi73y

The Woodlands-based Ring Energy said last week it divested non-core vertical wells with high operating costs for $5.5 million. https://ow.ly/f3YU50Vi6Vu

The Energy Workforce and Technology Council (EWTC) issued the statements below on Jan. 20 in support of President Donald J. Trump’s declaration of a national energy emergency, signaling a step toward strengthening America’s energy security. https://ow.ly/Ht8950V7E5s

Will changing regulations reduce inflation and costs overall? Will it end some of the current entitlement of our workforce after COVID? https://ow.ly/mjVz50V8CgM

Berte R. Haigh (1890-1986), a 1972 inductee into the Petroleum Museum's Hall of Fame, is shown on the right. The identity of the man on the left has been lost to time. The man in the center is possibly George F. Kelly of Tulsa, Oklahoma. Haigh, born in California to parents who would both pass away by the time their son was 10, lived with his grandparents on their small farm. At age 35, Haigh graduated from the Texas College of Mines (now the University of Texas at El Paso) with a degree in mining engineering. Haigh was later recruited by the University of Texas System Lands Office as a staff geologist in San Angelo. He eventually became geologist-in-charge at the Midland office. During his time with the university, Haigh became an experienced surveyor, scout, engineer, landman, geophysicist, and petroleum executive. Because of his efforts, all university lands were opened to geophysical exploration. He loved his University of Texas Lands job so much that he returned to serve as a consultant even after he had retired. PHOTO COURTESY OF THE PETROLEUM MUSEUM

The Petroleum History Institute (PHI) will hold its 23rd Oil History Symposium in Midland and Odessa, March 30-April 2. https://ow.ly/7tBK50V7C6J

The back office is usually just that in the oil industry—back behind the scenes. It rarely makes headlines for great technological leaps. Nonetheless, it looks radically different than it did 10, even five years ago. https://ow.ly/jvIg50V8BZN

Midland-based Permian Resources said last week it plans to increase production in 2025 by 8 percent to 360,000 to 380,000 boed and reduce well costs to $775 per lateral foot (compared to $800 in previous three months and $950 at yearend 2023). https://ow.ly/ZapX50VcLe5

The Woodlands-based Ring Energy said last week it will acquire assets in central basin platform from Lime Rock Resources in a cash-and-stock deal valued at $100 million. https://ow.ly/1tXC50VcL7J