News

US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy ...
World Energy News19h
Texas oil drilling applications at 4-year low as producers consider OPEC+ increase, trade war
Enverus, a consultancy, said that oil and gas drilling permits in Texas, which is the leading U.S. state for oil production, ...
Odessa American6d
Basin rig count down two as prices drop
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
Odessa American13d
US rig count up two as prices slip
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
Rigzone2h
USA EIA Lowers WTI Oil Price Forecasts
The U.S. Energy Information Administration lowered its West Texas Intermediate spot average price forecasts for 2025 and 2026 in its latest short term energy outlook.
Midland Reporter-Telegram on MSN2d
Diamondback CEO: US oil production has peaked
Diamondback Energy warns U.S. oil production may decline as drilling activity and rig counts drop in the Permian Basin.
USA Today29d
West Texas, oil companies brace for downturn following Trump’s tariffs
ODESSA — When President Donald Trump boasted about falling oil prices on social media early Monday, the Texas oil and gas industry ... putting up a drilling rig in the next two months.
Marketplace3d
Crude oil is cheaper than it's been in four years. It may be too cheap for the oil industry.
Oil is cheaper than it has been since early 2021, when the price of a barrel of crude was still recovering from its pandemic ...
Hosted on MSN1mon
West Texas, oil companies brace for downturn following Trump’s tariffs
Subscribe to The Y’all — a weekly dispatch about the people, places and policies defining Texas ... is going to put out a drilling rig not knowing what the oil price will be,” he said.