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

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

The firm’s cost advantage is underpinned by a long runway of drilling opportunities in low-cost areas. It operates exclusively in the Permian Basin, which is the cheapest source of crude oil in the US ...

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely ...

Wall Street analysts forecast that Permian Resources (PR) will report quarterly earnings of $0.44 per share in its upcoming release, pointing to a year-over-year increase of 4.8%. It is anticipated ...

Economic headwinds and oil-market turbulence mean U.S. shale's crude output has likely peaked and is set to decline, according to Permian producer Diamondback Energy. The warning didn't name President ...

Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum ...

Coterra Energy (CTRA) stock fell 1.5% in extended trading on Monday after the oil and gas producer missed first-quarter ...

Diamondback Energy predicts that peak onshore crude oil production in the United States has been reached and will decline due ...

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