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

A deal that could value Double Eagle at more than $5 billion is expected in coming days.

Chevron announces plans to cut 15-20% of its global workforce by 2026, affecting up to 8,000 employees, as part of ...

Fourth-quarter revenue of $912.0 millionFourth-quarter net income attributable to ChampionX of $82.8 millionFourth-quarter adjusted EBITDA of $212.3 millionFourth-quarter income before income taxes ma ...

Fourth-quarter revenue of $912.0 millionFourth-quarter net income attributable to ChampionX of $82.8 millionFourth-quarter adjusted EBITDA of ...

Wyoming’s oil production has been rebounding since March 2023. However, the rebound was impacted by the January 2024 storm.

(Bloomberg) -- Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike ...

Exxon Mobil posted strong fourth quarter profits as the oil and gas company increased production in the Permian basin at home, and in Guyana. The Texas company earned $7.61 billion, or $1.72 per share ...

Exxon Mobil posted strong fourth quarter profits as the oil and gas company increased production in the Permian basin at home, and in Guyana. The Texas company earned $7.61 billion, or $1.72 per ...

The rig count in the Permian Basin was up five this week, the latest count Friday by Baker Hughes shows, with 303 rigs active in the region. A year ago, 311 rigs were active in the region.

Drilling activity surged in the last week of January, led in large part by activity in the Permian Basin. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count rose six rigs to ...