The number of active oil rigs across the United States has dipped to 537, down two from last week and 48 fewer than this time last year, when the count stood at 585. Texas currently reports 255 active ...

The post is correct that the shaded area of the map, known as the Permian Basin, has large quantities of oil and natural gas. But current estimates don’t add up to a 200-year supply, and dynamic ...

As Permian Basin crude oil production growth begins to moderate, operators active in the region may want to shift their focus to natural gas. “Historically, producers in the Permian have not ...

According to the Economic Impact report, the Permian also contributed: $18.2 billion in taxes collected across Texas and New Mexico associated with Permian Basin activity 853,924 jobs nationwide.

An about $4.3 billion deal saw a Delaware-based oil and gas company buy out Permian Basin assets of three different companies, as the buyer exits the Bakken shale in North Dakota to focus on the ...

Roads and infrastructure are being planned for the area surrounding the Permian Basin Medical Center (PBMC), a highly ...

Raymond James’ E&P analyst John Freeman last delved into the Delaware Basin in 2023. This year, Permian Resources ranked last ...

Three companies with extensive presences in the Permian Basin recently announced expansions and merger deals, with assets in New Mexico's Eddy and Lea Counties at play.

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

A $141 million acquisition in the Permian Basin became the latest sale to close in the region as it was expected to continued growing in production of both oil and natural gas. Kimbell Royalty ...

Visitors to the Permian Basin Fair and Expo will have all sorts of family friendly things to look forward to such as specialty acts, food and non-food vendors, carnival rides, livestock shows and ...

The Permian Basin is Also a Hotbed for M&A Activity As illustrated below, the Permian Basin notched a new production record earlier in 2023— about 5.7 million barrels per day.