Diamondback Energy has agreed to acquire certain subsidiaries of Double Eagle IV Midco for 6.9 million shares and $3 billion ...

Occidental Petroleum Corp. announced Tuesday two agreements to divest several United States assets in the Permian Basin and ...

Occidental Petroleum deal over environmental concerns, reinforcing his stance against fracking and commitment to clean energy ...

2: The Permian Basin: A prolific oil producer. The Permian's contribution to US crude oil production is significant. In 2024, it was estimated to be 6.3 million barrels per day, accounting for 51. ...

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

Growth in oil production from the Permian Basin is expected to slow by at least 25% in 2025 despite President Trump's pledge to boost U.S. output, energy executives said this week at the Argus ...

The Permian Basin’s record oil and natural gas production is being driven by independent oil companies as well as the majors amid the dynamic ongoing development of new technology. Odessa oilman ...

ExxonMobil produced 1.5 million barrels of oil equivalent per day from the Permian Basin by the end of 2024 and anticipates producing 2.3 million barrels per day by 2030, an increase of over 50%.

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 Wirth.