The Texas authority acknowledges the scale of the problem and is setting new rules that may increase manufacturing expenses.

The Permian Basin now produces over 6 million bpd, with Wood Mackenzie projecting a peak of 7.7 million bpd by 2035.

Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC's high-stakes price war is starting to ...

New oil industry data shows Powder River Basin wells breaking even at $60 per barrel as global market forces create ...

The new regulations are designed to help ensure injected fluids stay contained within disposal formations, thereby protecting ground and surface freshwater.

Wastewater disposal in the Permian Basin is boosting pressure underground, threatening to hinder oil production ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest ...

The number of total drilling rigs in the U.S. fell for the fifth straight week, down by 3 to 563 to the lowest level since November 2021, Baker Hughes reported.

Reports suggest OPEC+ may boost oil output in July, aiming to undercut U.S. shale producers by pushing prices below $60.