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

The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest ...

Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like RIG, HP and PDS.

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that ...

Despite a year-over-year decline, the North American drilling rig count increased by 7 this week, reaching 725. Oil rigs in Canada increased by 3, while the US added 2 ...

North American drilling activity increased to a total of 718 rotary rigs working for the week ended Sept. 5. An increase in ...

NYMEX crude drops to its lowest closing price since May 30. West Texas Intermediate crude dropped $1.61 to a settlement price ...

(Reuters) -U.S. energy firms this week held the number of oil and natural gas rigs operating steady, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas ...

U.S. June oil production increased by 133 kb/d to 13,580 kb/d, a new high. The largest increases came from the GOM and New ...

If you want to invest in an oil operation, you should know when you'll recoup your funds. With that in mind, I've put ...

Just about this time last year, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced an ambitious ...

ConocoPhillips will lay off 20-25% of its workforce, joining a growing number of oil and gas companies that have announced job cuts over the past year. The layoffs will affect up to 3,250 workers as ...