Some areas in the Permian have hit geological limits while others, yet to be drilled, are not expected to be as prolific as the prime Tier 1 acreage. Despite record U.S. crude oil production, limits ...

Wastewater disposal in the Permian Basin is straining geological limits. Texas regulators are restricting new injection wells due to rising reservoir pressure, seismic activity, and potential damage ...

Chevron Corp., Houston, is forecasting 2025 total oil and gas production will climb 6-8% from last year’s nearly 3.34 MMboe/d, executives said Jan. 31. That growth is expected to pick up in ...

Unconventional development technology in one of its primary unconventional plays led to a strong fourth quarter for ExxonMobil. The multinational giant reported earnings of $7.61 billion or $1.72 per ...

Vistra plans to build two new natural gas power plants in the Permian Basin in response to the oil and gas industry’s growing thirst for electricity and other growth in West Texas, the Dallas-area ...