Chevron said it will lay off nearly 800 employees at its Permian Basin facilities in Texas, part of the company's plan to cut ...

The Houston oil giant previously shared plans to cut 15 to 20 percent of its global workforce by the end of 2026.

The Trust accused Blackbeard Operating of incorrectly calculating and failing to pay the required royalties for production ...

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

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

BCCK will supply a nitrogen rejection unit to ZAP Engineering for a new Permian Basin gas facility, expanding gas processing ...

A slowdown in drilling activities in the Permian Basin should provide underlying support to crude oil prices, Goldman Sachs said in its most recent energy note.

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...

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

A slowdown in drilling activities in the Permian Basin, the largest U.S. shale oil production region, should provide some underlying support to the price of crude oil, Goldman Sachs said in its most ...

Eddy County and Lea County remain the most active producers in the Permian Basin although Permian Basin activity is the ...

Occidental’s Vicki Hollub says pullbacks in capital spending could mean production in the prolific basin tops out as soon as ...