Statewide and county crude oil and natural gas production as reported to the Railroad Commission of Texas for November 2024 came from 159,727 oil wells and 82,958 gas wells, a press release detailed.

Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year ...

West Texas Intermediate (WTI) Oil price holds modest gains after three consecutive days of losses, trading around $71.10 per ...

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

Oil prices moved up on Friday after new sanctions were imposed on Iran's crude exports but were hurt by U.S. President Donald ...

Areas of Central and South Texas, including in the Austin and San Antonio regions, have felt substantial tremors lately. What ...

In a significant twist in Colombia's energy narrative, state-owned petroleum firm Ecopetrol has announced that it has ...

Enterprise Products Partners has not received enough customer interest to commercialize its Sea Port Oil Terminal (SPOT) ...

The US crude benchmark outpaced gains in other oil markets after President Donald Trump announced tariffs that threaten flows ...

Exxon Mobil’s fourth-quarter adjusted profit managed to beat Wall Street’s expectations, as the oil and gas company increased ...

China's retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for the first time since the ...

Crude oil futures fell on the MCX, tracking weak global demand. West Texas Intermediate crude and Brent crude also declined in New York.