The Permian Basin accounts for nearly 40% of all oil production and nearly 15% of natural gas production in the U.S., according to the Federal Reserve Bank of Dallas. It spans more than 86,000 ...

DALLAS, April 17, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders ...

The Permian Basin continues to be the heartbeat of the U.S. oil industry, driving growth and efficiency across the sector. With steady production gains, technological advancements and strategic ...

Fort Worth, Texas-based U.S. Energy Development Corporation (USEDC) said it has acquired approximately 20,000 net acres in Reeves and Ward Counties, Texas, expanding its total Permian Basin holdings.

Crescent Energy Co. has closed on a deal to sell non-operated Permian basin assets to a private buyer for $83 million in cash as part of a plan to reduce debt. Crescent Energy Co. has closed on a ...

Trade policies and market volatility are threatening US oil production growth, particularly in the Permian Basin, as companies may need to cut back activity to maintain investor payouts.

In the aftermath of the monetization of its oil and natural gas midstream assets, the LM Energy management team is beginning anew as Mora Energy Holdings. Backed by more than $250 million of ...

Chevron (NYSE:CVX) plans to increase the use of a technique known as "triple-frac," in which it fractures subterranean rock in three wells at a time in the Permian basin, in an effort to cut the ...