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

Chevron Corp. 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 Officer Mike Wirth.

Occidental Petroleum and Ecopetrol reached an agreement to renew their joint venture for the development of Rodeo Midland Basin within the U.S. Permian Basin.

Growth next year is expected to only be slightly less. “We’re getting more for every dollar we’re spending,” says chief ...

(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 ...

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

Drilling activity surged in the last week of January, led in large part by activity in the Permian Basin. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count rose six rigs to 582 ...

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 ...

Elk Range Royalties has announced the acquisition of Newton Financial, Concord Oil Company and Mission Oil Company, which ...