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 ...

Permian Resources lowered drilling and completion costs to about $725/lateral ft, a 3% improvement from earlier guidance. The operator's third-quarter production reached nearly 187,000 b/d of oil and ...

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 ...

NEW YORK, Nov 12 (Reuters) - Top U.S. oil producer Exxon Mobil Corp (XOM.N), opens new tab has agreed to sell conventional oil drilling assets in the Permian Basin of Texas and New Mexico to privately ...

MIDLAND, Texas (KMID/KPEJ) – Widely recognized as the epicenter of America’s oil and natural gas output, the Permian Basin is now emerging as a major driver of electricity demand. In response to ...

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 ...

The Permian Basin is the epicenter of opportunity for oil and gas investors. As the top oil-producing region in the United States, its production growth and future potential are unmatched. Goldman ...

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 ...

ODESSA, Texas--(BUSINESS WIRE)--The Permian Basin Water In Energy Conference (PBWIEC) returns for its eighth year March 4-6, 2025, at the Bush Convention Center in Midland. Hosted by the University of ...