Although the Gulf Coast region in Texas and Louisiana processes the majority of American oil exports ... running offshore near the town of Surfside Beach, a seaside community already flanked ...

The rapidly-growing sinkhole in Upton County is the latest of many problems caused by old wells in the Permian Basin.

KERMIT, Texas -- It's longer than the width of Rhode Island, snakes across the oil fields of the southwest U.S. and crawls at 10 mph -- too slow for a truck and too long for a train. It's a new ...

Beach Petroleum Limited is largely protected from declining oil prices for the remainder of ... which has traded at a premium for most of 2008 to the West Texas Intermediate (WTI) price that ...