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

U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig ...

US oil producers face challenges maintaining margins with WTI crude prices hovering around $60 per barrel due to corporate ...

U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker ...

U.S. refiners are not planning to make big-ticket investments to process more domestic crude and less oil from top suppliers ...

US oil and gas operators face significant challenges due to recent economic policy changes, potentially leading to decreased ...

Oil prices fell to their lowest level in years on Monday as worries about the reciprocal tariffs President Donald Trump ...

With the 15% drop in oil prices this month, consumers will be enjoying lower gasoline and diesel prices. Still, ...

U.S. oil prices dropped below $60 a barrel as the global market sell-off on recession fears fueled by President Donald ...

However, U.S. oil output is expected to plateau by the end ... As shale fields in North Dakota's Bakken basin and the Permian basin in West Texas and New Mexico produced a flood of lighter crude ...

In the Utica shale basin, which covers parts of Ohio ... rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy ...