Oilfield services company Baker Hughes said Friday its weekly U.S. rig count sank seven rigs to 547, the lowest level since ...

Permian Resources Corporation (NYSE:PR) recently announced that it has completed the acquisition of Delaware Basin leasehold ...

U.S. oil and gas producer Coterra Energy will maintain its rig count at nine in the Permian Basin, revising previous plans to ...

Permian Basin-focused Diamondback Energy emerged as the region’s reigning independent producer giant a year ago following its $26 billion buyout of privately-held Endeavor Energy Resources. That ...

The post is correct that the shaded area of the map, known as the Permian Basin, has large quantities of oil and natural gas. But current estimates don’t add up to a 200-year supply, ...

Heavily invested in the Permian Basin and Egypt’s Western Desert, the Apache Corp. spent 2024 enhancing the quality and sustainability of its portfolio while building long-term optionality ...

The discovery of oil in the Permian Basin dates back to the early 20th century, though its geological history is millions of years old. A bowl-shaped dip in the earth’s surface formed, and it ...

While the Permian crude production is set to exceed 6.5 million bpd in 2025, up from more than 6 million bpd in 2024, the basin “is simultaneously generating an unprecedented volume of produced ...

The post is correct that the shaded area of the map, known as the Permian Basin, has large quantities of oil and natural gas. But current estimates don’t add up to a 200-year supply, ...

Permian Basin Royalty Trust, represented by Argent Trust Company, has initiated legal action against Blackbeard Operating, seeking more than $9m in damages for alleged underpayment of royalties ...

As shown below in the second map, in mid-2024 Permian Resources acquired leasehold from Occidental Petroleum in Reeves County (Texas) and Eddy County (New Mexico) for $817.5 million.

The Permian Basin Petroleum Association says there is an encouraging amount of oil and natural gas drilling in the Basin and other experts report that the wide array of factors at play brews a ...