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 Eagle Ford had the second-highest rig ...

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 of factors at play brews a ...

The Oklahoma Energy Resources Board, created by the Legislature in 1993, collects a 0.1% assessment on oil and gas production that functions like a tax on the state’s largest industry.

Midstates Petroleum Co Inc said it will buy oil and gas acreage in the Anadarko Basin in Texas and Oklahoma from Panther Energy LLC and its partners Red Willow Mid-Continent LLC and LINN Energy ...

And as much oil and gas as it’s producing, a convergence of factors ensures that the Basin can and will generate even more. The prediction of 6.6 mb/d next year is from the U.S. Energy ...