This was the company’s second Permian Basin purchase, after announcing Dec. 19, 2022 it bought 640 acres on the Texas side of the basin, including 11 wells on five leases.

As Permian Basin crude oil production growth begins to moderate, operators active in the region may want to shift their focus ...

Blackbeard’s treasure is buried beneath the Permian’s Central Basin Platform. While oil majors chase deeper waters, the ...

Ecopetrol S.A. EC, a Colombian state-owned energy firm, has announced an extension of the development plan of Rodeo Midland Basin LLC with its joint-venture partner Occidental Petroleum OXY. Per ...

The Permian Basin Petroleum Association says ... responses at the major companies. The PBPA says the Basin’s increased rig count was ... then drilling again in a different set of ...

The justices ruled Friday that the company holding the oil and gas lease also lays claim to the produced water. The ruling ...

One company has developed its own SCADA (supervisory control and data acquisition) platform and has brought it to the Permian Basin. “We’re saving our customers a lot of money,” Mark ...

APA Corp is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people ...

Exxon Mobil Corp. has announced plans to spend $140 billion in the Permian Basin region as part of a plan by the oil and gas giant to ramp up its earnings and return cash to shareholders with a ...

Ecopetrol and Occidental Petroleum agree to renew their joint venture in the Permian Basin. The agreement outlines a plan that includes the drilling of 34 wells between April 2025 and June 2026.