The rig count in the Permian Basin was down three this week, the latest count Friday by Baker Hughes shows, with 301 rigs active in the region. A year ago, 316 rigs were active in the region.

U.S. drilling activity remains steady with 592 rigs, but the Permian Basin sees a decline, falling three rigs to 301.

A sinkhole formed by an old oil well is growing at an alarming rate on the Kelton Ranch in West Texas. Radford Grocery #17 ...

The number of active rigs drilling for oil and gas in the U.S. remained unchanged this week at 592, down by 37 rigs from this time last year, Baker Hughes said Friday in its latest report. Drilling ...

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

The COVID-19 pandemic led to an unprecedented collapse in oil demand as global lockdowns kept people indoors, halted industrial production and grounded flights. Oil prices even briefly turned negative ...

Steward Partners Investment Advisory LLC grew its holdings in shares of Permian Basin Royalty Trust (NYSE:PBT – Free Report) by 45.2% in the 4th quarter, HoldingsChannel reports. The firm owned 29,467 ...

A $10,000 investment in ConocoPhillips five years ago would now be worth over $29,500. The oil giant thrived despite the 2020 ...

This story was produced in partnership with the Pulitzer Center. ECTOR COUNTY, Texas (KMID/KPEJ)- Before the year’s state legislature comes to an end, one Midland law ...

It’s been called the longest conveyor belt in America and it’s right here in the Permian Basin, the heart of America’s oil ...

Apparently, several commodity sectors, most notably crude oil, have decided to get in on the action as well. Oil prices have ...

The Trump administration has expended a lot of energy into sparking the idea that there is a looming energy crisis in the U.S ...