US Energy Development Corporation (USEDC) has announced plans to invest up to $1bn in the Permian Basin during 2025. This ...

“Building on the momentum of 2024, USEDC is entering 2025 with a similar growth mindset, aiming to invest up to $1 billion in ...

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Operations in the Permian Basin made up around 12% of Ecopetrol’s total production last year. Extension of the development plan, named Rodeo Midland Basin LLC, involved drilling 34 wells between ...

U.S. drilling activity increased for the third consecutive week, with Texas adding the most rigs, according to Baker Hughes.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that Ecopetrol Permian LLC ("Ecopetrol Permian") and Occidental Petroleum ...

The number of active drilling rigs in the United States stands at 588 this week, up by two from the previous week but down by 33 from a year ago, according to the weekly data released Friday by ...

It’s likely that you’ve traveled in a car or plane using fuel derived from oil in the Permian Basin. Drilling for oil and gas, and the infrastructure that supports it, harms the dunes ...

(Odessa American File Photo) The advancements in technology that have decreased the number of drilling rigs have put the humongous Permian Basin oilfield service industry in a jam and the Texas ...

Ecopetrol and Oxy plan to extend development in Permian Basin, including 34 wells to be drilled between April 2025 and June ...

Additionally, the drilling activity outlined in the current ... EC’s operations in the Permian Basin have yielded significant results, increasing its production levels. Per Ecopetrol’s third ...

USEDC expects the Permian Basin to remain the primary focus of its investment in 2025 due largely to the economics of drilling and operating wells in the basin. The company has experienced ...