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

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

The company will acquire about 13,320 net acres, 8,700 net royalty acres, and expected second-half production of 12,000 boe/d ...

Q1 2025 Management View Co-CEO Will Hickey highlighted achieving the highest free cash flow per share in company history at $0.54, driven by lower per unit costs and strong production. Oil production ...

Permian Resources ( NYSE: PR) said Wednesday alongside its Q1 earnings report that it agreed to acquire APA Corp.'s ( APA) ...

U.S. oil companies slash 2025 capital spending and adjust production plans as falling oil prices and market uncertainty ...

Drilling activity continued its downward trend, falling for a second consecutive week. Oilfield services firm Baker Hughes said Friday its weekly rig count dropped by six rigs to 578, the lowest level ...

Roth Capital raised the firm’s price target on Permian Resources (PR) to $17 from $16 based on higher cash flows, while keeping a Buy rating on the shares following quarterly results.

Plummeting crude prices could shave 10% off U.S. rig count in first half, Diamondback says. Its CEO says it's slowing as it sees a "red light" ahead..

After over $1.6 billion in divestments in the past year, this company is adding another $608 million to the list.

The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that ...