The Texas oil and natural gas industry paid $27 billion in state and local taxes and state royalties in fiscal 2025. It was the second highest total the industry paid in recorded state history. The ...

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

Orphaned oil and gas wells are multiplying in Texas, reaching a 20-year high in December, according to the Texas Railroad ...

AUSTIN, Texas — It may be hard to believe that it all began in a tiny place called Gladys City, a few miles from Beaumont in southeast Texas. It was there that a man named Anthony Lucas had a hunch.

Now, President Donald Trump's pledge to bring oil prices down to $50 a barrel could decimate that momentum, making trouble -- ...

The Texas oil and gas industry had a record-setting year in 2025, both in production numbers and financial impact, according to data released Wednesday by the Texas Oil and Gas Association. Spencer ...

(The Center Square) – The U.S. oil and natural gas industry set oil and natural gas production records in November. Crude oil output reached an estimated 5.9 million barrels per day in November, the ...

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