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

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely ...

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely decline from here as oil prices hovers near four-year lows.

U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, ...

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

Diamondback Energy predicts that peak onshore crude oil production in the United States has been reached and will decline due ...

The firm’s cost advantage is underpinned by a long runway of drilling opportunities in low-cost areas. It operates exclusively in the Permian Basin, which is the cheapest source of crude oil in the US ...

Q1 2025 Management View CEO Tom Jorden highlighted that Coterra delivered oil and natural gas production near or above the ...

The countdown is on for the Fed's rate decision on Wednesday as policymakers begin their two-day meeting. Although the ...

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

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

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