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

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

The company will acquire about 13,320 net acres, 8,700 net royalty acres, and expected second-half production of 12,000 boe/d ...

Q1 2025 Management View Co-CEO Will Hickey highlighted achieving the highest free cash flow per share in company history at $0.54, driven by lower per unit costs and strong production. Oil production ...

Good morning, and welcome to Permian Resources Conference Call to Discuss its First Quarter 2025 Earnings. Today's call is being recorded. A replay of the call will be accessible until May 22, 2025 by ...

Permian Resources ( NYSE: PR) said Wednesday alongside its Q1 earnings report that it agreed to acquire APA Corp.'s ( APA) ...

U.S. oil companies slash 2025 capital spending and adjust production plans as falling oil prices and market uncertainty ...

After over $1.6 billion in divestments in the past year, this company is adding another $608 million to the list.

While the Permian Basin—including its Midland eastern lobe and Delaware western lobe—in West Texas is by far the king as it ...

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 ...

Roth Capital raised the firm’s price target on Permian Resources (PR) to $17 from $16 based on higher cash flows, while keeping a Buy rating on the shares following quarterly results.

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