Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum ...

North Dakota is the third largest oil-producing state in the U.S., but its maturing oilfields require a higher oil price to turn a profit than other areas, such as the Permian basin. Operators in the ...

The Permian Basin accounted for 48% of U.S. crude oil production in 2024, driving most of the growth, according to the EIA.

Targa Resources says crude sales from its Badlands operations in the Bakken were up 13% from 2024 to 107,100 bbl/d.

The Permian’s future might have already been spelled out. The Bakken Formation, largely in North Dakota, birthed one of the earliest fracking booms. Production increased from roughly 90,000 ...