Wall Street analysts forecast that Permian Resources (PR) will report quarterly earnings of $0.44 per share in its upcoming release, pointing to a year-over-year increase of 4.8%. It is anticipated ...

Economic headwinds and oil-market turbulence mean U.S. shale's crude output has likely peaked and is set to decline, according to Permian producer Diamondback Energy. The warning didn't name President ...

Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum ...

Coterra Energy (CTRA) stock fell 1.5% in extended trading on Monday after the oil and gas producer missed first-quarter ...

Diamondback Energy predicts that peak onshore crude oil production in the United States has been reached and will decline due to reduced drilling activity prompted by lower oil prices.

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

Odessa College extends its deepest appreciation to the voters of Ector County who participated in the May 3rd election and made their voices heard on the proposed $325 million bond to fund critical ...

On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...

U.S. shale producer Coterra Energy reported a rise in first-quarter profit on Monday but said it would lower its annual ...

Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the ...

It’s been cool and cloudy around Lubbock and most of the South Plains, with occasional drizzle after the morning rain departed. Meanwhile, the sun has been shining in Southeast New Mexico into the ...

Midland-Odessa faces severe storms Monday with threats of large hail, damaging winds, tornadoes and flash flooding, according ...