U.S. July oil production dropped by 25 kb/d to 13,205 kb/d. The largest decreases came from Texas and North Dakota.

Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers ...

Permian Resources focuses on development of crude oil and related liquids-rich natural gas reserves in US. See what makes PR ...

Saudi Arabia is again signaling a shift in strategy to protect global market share. The last time this happened, an oil bust ...

The oil-energy sector is fraught with uncertainty as tensions between Iran and Israel continue to escalate. According to ...

The Supreme Court left in place Biden administration regulations aimed at curbing oil and gas facility emissions of methane, ...

XOM has a strong balance sheet, hence it can withstand adverse business environments. It has a total debt-to-capitalization of 13.5%. Compared to the 22.6% debt-to-capitalization of composite stocks ...

Gavin Newsom today signed a law that will give oil and gas companies several extra years before they begin detecting and fixing wells near homes and schools that leak into the air and water. Under the ...

Yes, the oil they retrieve could become fuel or some other petroleum product, but they generally make money from retrieval via drilling on an oil rig or fracking in gas field—not sales.

The House of Representatives has commenced moves to amend the Petroleum Industry Act to make provision for non-producing oil wells to lose their operational licences. On September 26, 2024 ...

Consolidation in the industry reached a fever pitch last year as top oil producers unveiled mega-deals to boost both their output and their backlog of drilling locations. For private owners ...

Devon completed its purchase of Grayson Mill Energy, expanding its area in the Williston Basin by 307,000 net acres.