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“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 ...

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

Imperial Oil Limited IMO has delivered a solid 20.4% jump in its stock price over the past six months, handily outperforming the broader oil and energy sector, which declined 2.2% over the same period ...

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 ...

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 ...