Fort Worth, Texas-based U.S. Energy Development Corporation (USEDC) said it has acquired approximately 20,000 net acres in Reeves and Ward Counties, Texas, expanding its total Permian Basin holdings.

In the aftermath of the monetization of its oil and natural gas midstream assets, the LM Energy management team is beginning anew as Mora Energy Holdings. Backed by more than $250 million of ...

The Permian Basin accounts for nearly 40% of all oil production and nearly 15% of natural gas production in the U.S., according to the Federal Reserve Bank of Dallas. It spans more than 86,000 ...

Chevron intends to increase the usage of a technique known as "triple-frac," in which it fractures subterranean rock in three wells at a time, in the Permian basin, Reuters reports. --The plan is ...

Chevron (NYSE:CVX) plans to increase the use of a technique known as "triple-frac," in which it fractures subterranean rock in three wells at a time in the Permian basin, in an effort to cut the ...