Drilling activity slumped for a second consecutive week, falling to the lowest level since December 2021. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count was down four rigs ...

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

The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple ...

Harmattan Energy, an indirect subsidiary of Chevron, drilled a dry hole in its Kapana 1-X exploration well in Namibia's ...

Langford Energy Partners has closed a deal to acquire Midland basin assets from Murchison Oil and Gas LLC. Langford Energy Partners, Austin, Tex., a privately held oil and gas operating company, has ...

The NT's environmental regulator is investigating the "inadvertent release" of highly salinated water near a fracking site in ...

The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...

U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information ...

Many analysts expect an oversupplied oil market this year, after demand growth slowed sharply in 2024 in the biggest ...

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

After the oil crisis of 1979, gas prices surged once more in 1980, jumping from $0.90 to $1.25 per gallon as global oil ...

Abu Dhabi National Oil Co. has contracted Flowserve Corp. for the supply of dry gas seal systems for EOR and a carbon capture project at its Habshan facility in the Middle East.