Baker Hughes, a leading energy services company, said that the U.S. energy companies this week kept the number of oil rigs and ...

“As Tier 1 wells deplete, Tier 2 and Tier 3 wells will be required for sustained production or future growth,” said Robert ...

Oil produced from shale reservoirs drove record crude output in the U.S. over the past decade, but inefficiencies in ...

Key Points Revenue (GAAP) fell 12.8% to $42.8 million compared to $49.1 million in Q2 2024, driven by a sharp decline in realized oil prices. Adjusted EBITDA increased 16.0% compared to Q2 2024, as ...

An alliance between Republican officials and trial lawyers faces its biggest test at the U.S. Supreme Court as criticism from ...

Despite earlier predictions of a peak, US shale oil production is continuing to grow, driven by efficiency gains and a slower ...

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

Revenue (GAAP) rose 5% to $1.81 million in Q1 FY2026 as oil and gas production volumes increased 21% year over year. Net income (GAAP) declined 17% to $241,951 for Q1 FY2026, driven by a 21% drop in ...

U.S. crude production will hit a record 13.41 million barrels per day in 2025 due to increases in well productivity, though ...

BKV Corp. has agreed to acquire Barnett Shale assets from Bedrock Production LLC for approximately $370 million, adding ...

Rep. Will Metcalf is asking the Texas Railroad Commission to halt a project that will bring a natural gas pipeline compressor ...

Pipe manufacturer Welspun Tubular LLC is betting big on oil, natural gas and energy infrastructure. The company announced ...