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

Fewer drill bits are turning right in the Permian Basin these days, and the impact is not affecting midstream companies equally. East Daley Analytics’ Energy Data Studio found that Permian Basin ...

ODESSA, Texas (KMID/KPEJ) – 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 ...

Drilling activity remains in a slump not seen in five years. Oilfield services firm Baker Hughes said its weekly U.S. rig count fell eight rigs to 539 rigs, the lowest level since October 2021. That’s ...

European oil major Royal Dutch Shell filed for six horizontal drilling permits with the Railroad Commission of Texas for projects on five leases split between Winkler and Loving counties in the ...

HOUSTON, Aug 5 (Reuters) - The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world's top producer could ...

MIDLAND, TEXAS (Reuters) -At the heart of the U.S. shale industry in Texas, oil production is climbing. But you wouldn't know that if you talked to Mark Waters, who owns a store that sells tools and ...

June 24 (Reuters) - U.S. oil and gas producer Coterra Energy (CTRA.N), opens new tab will hold its rig count steady at nine in the Permian Basin, CEO Tom Jorden said Tuesday, reversing earlier plans ...

The nation’s rig count continues its upward trend, according to the oilfield services firm Baker Hughes and data analytics company Enverus. The two reported Friday the U.S. rig count rose eight to 346 ...

(Bloomberg) -- Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, which could be worth as much as $10 billion in ...

Its crane perched high above the boom truck, a worker installed Shell’s familiar yellow and red scallop logo atop the Oxy Permian Plaza building at 6001 Deauville Blvd. The logo was part of Shell’s ...

HOUSTON (Reuters) -The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world's top producer could fall in ...