U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely ...

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

Wall Street analysts forecast that Permian Resources (PR) will report quarterly earnings of $0.44 per share in its upcoming release, pointing to a year-over-year increase of 4.8%. It is anticipated ...

Economic headwinds and oil-market turbulence mean U.S. shale's crude output has likely peaked and is set to decline, according to Permian producer Diamondback Energy. The warning didn't name President ...

Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum ...

Coterra Energy (CTRA) stock fell 1.5% in extended trading on Monday after the oil and gas producer missed first-quarter ...

Diamondback Energy predicts that peak onshore crude oil production in the United States has been reached and will decline due to reduced drilling activity prompted by lower oil prices.

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

Odessa College extends its deepest appreciation to the voters of Ector County who participated in the May 3rd election and made their voices heard on the proposed $325 million bond to fund critical ...