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The Oklahoma City-based company told investors of a new, so-called mobile frack-sand mine it launched on 15,000 acres of land it owns in the West Texas county of Loving.

Chevron posted better-than-expected earnings as output in the Permian Basin soared to a record.

Methane emission intensity in the Permian Basin dropped between 2011 and 2022, despite total oil and gas production increasing by over 416 percent.

The deal will give Permian Resources 'a pro forma market cap of about $10 billion'.

The transaction increases Permian Resources' position in the Permian Basin by approximately 223,000 net acres.

Permian Resources gave up non-core assets in the Eagle Ford shale play while acquiring mostly-undeveloped acreage, in separate transactions it said will optimize its portfolio.

The properties included in the transaction comprise substantially all the production attributed to Perpetual's Eastern Alberta cash-generating unit.

The merger boosts Persist's position as an emerging player in the southern Alberta Mannville formation oil development.

Indonesia's state petroleum company PT Pertamina may need to relocate its fuel storage depot in Jakarta.

PT Pertamina has turned to unconventional drilling technology as it looks to hit its production target.