U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy ...

The rig count in the Permian Basin was down two this week, the latest count Friday by Baker Hughes shows, with 285 rigs active in the region. A year ago, 314 rigs were active in the region. Nationally ...

U.S. oil companies slash 2025 capital spending and adjust production plans as falling oil prices and market uncertainty ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy ...

At less than $60 a barrel, many US shale producers will struggle to turn a profit, especially in some of the country’s ageing ...