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 ...

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.

ConocoPhillips' diverse global portfolio balances long-cycle and short-cycle assets. Read why I reduce my rating on COP stock ...

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

Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s prolific shale fields and will decline in the months ahead after ...

On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...

U.S. shale producer Coterra Energy reported a rise in first-quarter profit on Monday but said it would lower its annual ...

It’s been cool and cloudy around Lubbock and most of the South Plains, with occasional drizzle after the morning rain departed. Meanwhile, the sun has been shining in Southeast New Mexico into the ...

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

Lightweight proppants engineered from refinery coke are giving Exxon an up to 15% lift in Permian EURs. “We generally surprised ourselves with the improvements,” CEO Darren Woods said.

Advocates for conserving the lizard argued its primary threats were mining for sand used in the hydraulic fracturing.