U.S. Energy Development Corp. plans to invest up to $1 billion in the Permian Basin, focusing on the Delaware and Midland ...

Lubbock-based service company Service Compression has received a vote of confidence with a significant upsizing of its asset-based loan credit facility. The facility, led by J.P. Morgan, has been ...

A $1.5 billion joint venture between Occidental Petroleum and Ecopetrol, Colombia’s state-run oil company, has been cast in doubt after the two companies agreed to an extension. A day after the ...

Douglas Young, UTPB senior lecturer in the Department of Chemistry and Physics, talks about the upcoming Permian Basin Science and Engineering Fair taking place at the UTPB Gym Feb. 15.

A number of topics were discussed, like the amount of oil production in the Permian Basin -- six million barrels per day. It was a packed house inside the Bush Convention Center in Downtown ...

US Energy Development Corporation (USEDC) has announced plans to invest up to $1bn in the Permian Basin during 2025. This decision follows a “record-breaking” year for the exploration and ...

In 2023, USEDC closed 19 transactions and deployed nearly $600 million, most in the Permian Basin, with other projects in the Barnett, Haynesville, and Powder River basins. "Our long-term ...

Driverless trucks have been carrying loads of sand in New Mexico’s oil patch as a Texas company tests its newly equipped “robotrucks” in the Permian Basin. Two semitrailer trucks owned by Atlas Energy ...

HOUSTON, Feb 6 (Reuters) - Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year despite President Donald Trump's vow to ...

(Eli Hartman/Odessa American) The Chevron Corp. reports record production globally and in the United States including outstanding performance in the Permian Basin that exceeded expectations with ...

Andy O’Brien, senior vice president of strategy, commercial, sustainability and technology, said during the earnings call that divestitures involved “noncore Permian assets, and we’ll expect ...

A cold front will bring cooler temperatures to the Permian Basin this weekend after a week of record-breaking heat.