Oilfield services firm Baker Hughes said its weekly U.S. rig count fell eight rigs to 539 rigs, the lowest level since ...

China avoided purchasing US crude for the third straight month - the longest stretch since 2018 - delivering a fresh blow to ...

When the world shakes, West Texas often stands still. In June, oil prices briefly surged as tensions escalated between Israel ...

Many oil and gas exploration and production firms expect to drill fewer wells in 2025 than originally planned at the start of this year.

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a 10th week in a row for the first time ...

Texas, Louisiana, and New Mexico experienced a slight reduction in oil and gas sector activity in the second quarter of 2025.

Oil and gas activity contracted in recent months as uncertainty lingers, according to most recent the Dallas Fed survey.

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

Lower oil prices have started to take effect on drilling activities in the US. US crude oil production rose to a record level of 13.47 million barrels per day in April, according to the US Energy ...

Primary energy demand is forecast to rise by 24 per cent between now and 2050, he said, surpassing 120 million barrels of oil ...

Crude oil prices started the week with losses due to anticipated OPEC+ supply increases and concerns about the global economy ...

Quaise Energy engineers posit that traditional drilling in the sedimentary layer followed by MMW drilling in the basement ...