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 ...

As Permian growth slows, Canada’s Montney Formation is emerging as North America’s top shale play. Montney’s key advantages ...

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

Chevron limits tariff impact, cuts jobs, and ramps up Permian Basin oil production as it moves headquarters to Texas.

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

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

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

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

APA said it is lowering its 2025 spending plan by $175 million to protect cash flow amid uncertainty in commodity prices.

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