Murphy Oil has made another shallow-water oil discovery in Vietnam's Cuu Long basin where it is currently developing the Lac ...

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

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

The Permian Basin accounted for 48% of U.S. crude oil production in 2024, driving most of the growth, according to the EIA.

Trade policies and market volatility are threatening US oil production growth, particularly in the Permian Basin, as companies may need to cut back activity to maintain investor payouts.

Having scrambled to accommodate the massive growth in the Permian Basin, Plains All American is ready for the next stage of Permian oil and natural gas. “A lot of cash was spent, and debt rose during ...

As the booming U.S. onshore oil and gas industry matures and efficiency levels fall, less active Canadian shale plays stand to benefit with arguably the best combination of quality inventory and ...

While the Permian Basin—including its Midland eastern lobe and Delaware western lobe—in West Texas is by far the king as it amazingly produces almost half of record-high U.S. crude oil ...

Under the recently ended OALP-IX, OIL bagged nine blocks, adding 51,000 sq. km to its exploration portfolio. Three of the blocks–one each in Cambay basin, Mahanadi basin and Assam Shelf basin ...

The US Geological Survey assessed technically recoverable oil and gas reserves in Maverick basin formations in the Western Gulf basin province. Map of assessment units in Western Gulf basin ...

from inboard gas-prone zones to outboard oil-charged systems. All three wells were part of Soekor's regional Orange Basin program and offer critical calibration for seismic interpretation and ...

Nearly all of the US Lower 48 oil growth this year is pegged to come from the Permian Basin. While Permian breakevens are the most commercial in the shale patch, exploration and production (E&P ...