Occidental Petroleum, with a large 2.8-million-acre footprint in the Permian Basin, is preparing to go deeper. Speaking with analysts during the company’s fourth quarter earnings call, Richard ...

The Permian Basin led the U.S. among shale deposits with 312 oil and gas drilling rigs, after dropping two in the last week, Baker Hughes reported May 17.

The Permian Basin Petroleum Association says there is an encouraging amount of oil and natural gas drilling in the Basin and other experts report that the wide array ...

Shale oil from the Southwest's Permian basin will drive ConocoPhillips' oil production growth in the lower 48 states for at least a decade, company executives said at an investor event Wednesday ...

Devon holds about $6.16 billion in debt, resulting in impressive leverage ratios. At the end of the most recent reporting period, net debt/capital was 43% and annualized net debt/EBITDA was 0.7 times.

Under the joint acquisition, the companies plan to drill up to 12 horizontal wells in the Barnett Shale region — primarily in Denton, Wise and Johnson counties - over the next year.

In 2018, Devon Energy embarked on a series of shrewd capital allocation moves that included selling its EnLink Midstream interest, divesting its Canadian heavy oil and Barnett Shale interests, and ...

Terax Energy spudded its first well Oct. 12 in Erath County, Texas, targeting the Barnett Shale Formation gas play and commencing the company's drilling operations in the Fort Worth Basin.

Records show the Permian Basin added two rigs for a basin-wide total of 313 oil and gas rigs on Feb. 9, followed by the Eagle Ford basin with 52 rigs and the Haynesville shale at 42 rigs, Baker ...

Check here for weekly updated oil and gas drilling rig counts in the Permian Basin, New Mexico and Texas, reported by Baker Hughes. Feb. 9, 2024. New Mexico added three rigs in the last week for a ...