Drilling activity continued its downward trend, falling for a second consecutive week. Oilfield services firm Baker Hughes said Friday its weekly rig count dropped by six rigs to 578, the lowest level ...

US rig count drops to 584 as Permian Basin drilling hits its lowest level in over three years, reflecting a nationwide ...

Plummeting crude prices could shave 10% off U.S. rig count in first half, Diamondback says. Its CEO says it's slowing as it sees a "red light" ahead..

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

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

Permian Basin oil production could plateau sooner than expected amid economic headwinds, Occidental CEO Vicki Hollub warns.

Exxon Mobil Corp. and Chevron Corp. are likely to shoulder more of the Permian Basin’s oil growth as independent producers ...

Diamondback Energy warns U.S. oil production may decline as drilling activity and rig counts drop in the Permian Basin.

The ultimate depth and duration of this current price environment remains unclear,” said ConocoPhillips chairman and CEO Ryan ...

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