News

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 ...
In 2019, the journalist Christian Wallace created the “Boomtown” podcast, spotlighting the volatile world of West Texas oil. It has now inspired a new Taylor Sheridan TV series. "Landman" ...
Shale oil extraction in the Permian Basin, the largest US oil basin, produces millions of gallons of chemical-laced water. Traditionally, this wastewater is pumped back underground.
The Permian’s basin-wide total grew to 320 rigs, Baker Hughes reported, compared to 340 a year ago. That latest total followed about two months of declining rig counts in the Permian Basin.
Permian Resources Corporation (NYSE:PR) recently announced that it has completed the acquisition of Delaware Basin leasehold and royalty interests from APA Corporation.
The Permian Basin produces over six million barrels of oil per day. Innovation has allowed for more efficiency, but pressure on the industry is impacting rig count.
ODESSA, Texas — The State of Texas is investing in the Permian Basin's electric reliability. The Public Utility Commission of Texas (PUCT) unanimously approved a transmission plan on Thursday ...
The Supreme Court will hear arguments Wednesday in a decades-old fight that tends to put Americans on edge even more than politics: Where to store the nation’s spent nuclear fuel.
HOUSTON-- (BUSINESS WIRE)-- Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”), today announced the closing of the sale of non-operated Permian Basin assets to a private ...
Adrian Hedden Carlsbad Current-Argus [email protected] An environmental group instrumental in winning an endangered species listing for a struggling lizard species in the Permian Basin now… ...
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.
The move comes after Exxon XOM topped upstream production expectations in the third quarter, after spending $60 billion to buy Pioneer Natural Resources, an acreage holder in the Permian Basin of ...