The US Geological Survey assessed technically recoverable oil and gas reserves in Maverick basin formations in the Western ...

The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S. to become the world's top oil producer, stealing market share from the ...

Some areas in the Permian have hit geological limits while others, yet to be drilled, are not expected to be as prolific as the prime Tier 1 acreage. Despite record U.S. crude oil production ...

Only minimal amounts of untapped oil and gas resources remain in the historic Los Angeles fossil fuel production basin, according to the U.S. Geological Survey (USGS). New estimates released by ...

Supply chain disruptions and policy decisions can significantly change these costs for oil companies — and consumers.