Harold Hamm, the billionaire wildcatter who helped kick off the US shale oil revolution, said he’s about to shut down ...

The total number of active drilling rigs for oil and gas in the United States fell by 1 this week, according to new data that ...

Billionaire oil magnate Harold Hamm has ceased drilling operations in North Dakota’s Bakken shale, citing low margins as oil ...

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

EIA's Short-Term Energy Outlook forecasts WTI will average $52 in 2026 as low prices weigh down oil production.

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

Year-end analysis by The Energy Information Administration shows global prices dropping from a monthly average of $79 per ...

NEW YORK (Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks, with oil rigs dropping to a four-year low, energy services firm ...

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing peace talks between Russia and Ukraine, and a wave of oversupply hitting ...

Consumers could continue to see lower gas prices if oil prices decrease in the new year. The U.S. Energy Information Administration is projecting lower oil prices in the first quarter of 2026, though ...