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

BOGOTA (Reuters) - Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint ...

(Bloomberg) — Chevron Corp. (CVX) plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive ...

Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of ...

Wyoming’s oil production has been rebounding since March 2023. However, the rebound was impacted by the January 2024 storm.

Coterra completed the purchase of additional stakes in the U.S. Permian Basin from Avant Natural Resources and Franklin Mountain Energy for a combined price of about $3.9 billion. Image by ...

The Permian boys basketball team will face crosstown rivals Odessa High for the second time this season in a 7:30 p.m. game Friday at Permian Fieldhouse. The Panthers (20-8 overall, 5-1 in ...

Permian Resources (NYSE:PR) has demonstrated strong operational performance in 2024. This has contributed to increasing its oil production guidance (at guidance midpoint) by approximately 8% from ...

The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...

Production, including from the Permian basin and lucrative projects in Guyana, reached 4.6 million barrels of oil equivalent per day, growing from 4.58 million in the third quarter. During a ...