In the Permian Basin, which spans West Texas and southeastern New Mexico, the rig count remains steady at 265. That’s unchanged from last week but down from 305 rigs at this time in 2024.

A prehistoric carbon spike turned oceans deadly and wiped out marine life. Scientists say today’s CO₂ rise could cause the same outcome.

A mass extinction event wiped out around 90% of life. What followed has long puzzled scientists: The planet became lethally hot for 5 million years. Researchers say they have figured out why using a ...

Long before the dinosaurs, the Permian period was a brutal time to be alive. In this video, we explore the strange creatures, harsh environments, and the massive extinction event that made the ...

Fossil evidence suggests that jellyfish and jellyfish-like organisms were among the first animals to rebound following the Permian extinction, flourishing in the stressed marine ecosystems where few ...

Permian Resources Corporation (NYSE:PR) recently announced that it has completed the acquisition of Delaware Basin leasehold and royalty interests from APA Corporation.

Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on driving peer-leading returns through the acquisition, optimization and development of ...

After the rollup, Permian Resources is the largest pure-play oil company in the Delaware Basin (straddling the Texas/New Mexico border) with 450,000 net acres and 370,000 barrels per day of output.

Permian Resources Corp., Midland, has agreed to acquire northern Delaware basin acreage from APA Corp. in a $608-million bolt-on deal. Through the agreement, the company will ...

The Permian's outlook depends on price and demand, with future growth likely tied to higher oil prices and fewer, larger producers capable of sustaining development.

A recent spike in real estate lockbox requests may signal a rebound in the Permian Basin housing market, according to local industry leaders.