Blackbeard’s treasure is buried beneath the Permian’s Central Basin Platform. While oil majors chase deeper waters, the ...

A slowdown in drilling activities in the Permian Basin, the largest U.S. shale oil production region, should provide some underlying support to the price of crude oil, Goldman Sachs said in its ...

An oil drilling rig is seen in 2022 in the Permian Basin oil field near Midland. The play's biggest independent producer says shale oil production in the U.S. has peaked.

The Permian’s more mature Midland Basin is the most prime real estate, but it’s highly consolidated now after a big wave of mergers, and much of its core areas are drilled.

Matador Resources, which operates in the Delaware basin in the Permian, and produced 115,030 bpd in the first quarter, said on Wednesday it would drop one drilling rig by the middle of 2025 in ...

Chevron Corporation CVX has planned to double down on innovation in the Permian Basin by scaling up its use of “triple-frac” technology. The technique will enable the company to fracture ...

HOUSTON, April 9 - U.S. oil major Chevron (CVX.N), opens new tab plans to increase the use of a technique that allows it to fracture subterranean rock in three wells at a time in the Permian basin ...

The Permian's geology adds another layer of complexity: drilling in the basin on average produces four barrels of water for each barrel of oil, while in other basins the ratio is closer to one-to ...

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 ...

Permian Basin oil continues growth: Diamondback Energy to acquire certain Double Eagle assets for $4.08 billion ... This lined up with the Barnett Shale boom in the metroplex area.

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 ...

Occidental Petroleum plans to boost development of secondary Permian Basin benches this year, particularly in the Delaware Basin.. The company plans to allocate 30% of its Delaware Basin drilling ...