U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces ...

New Mexico's oil output has doubled since 2019, making it the second-largest producer in the U.S., behind Texas.

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy ...

U.S. rig count drops, with Permian Basin drilling at its lowest since February 2022, according to Baker Hughes.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S.

The total number of active drilling rigs in the US rose slightly this week, according to Baker Hughes, but remains lower than ...

Bayswater Exploration and Production LLC, a Denver-based oil and natural-gas development company, has closed the sale of ...

On average, respondents expect a West Texas Intermediate (WTI) oil price of $68 per barrel at year-end 2025, slightly lower ...

Reps. Tom Craddick and Brooks Landgraf want to divert 10% of taxes collected on oil and gas production to help ...

The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S. to become the world's top oil producer, stealing market share from the ...