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

A key data release may underline how the US oil industry is reining in production growth in response to lower prices.

A group of U.S. Congressmen toured a fracking site in Midland earlier this week —highlighting the Permian Basin’s role in boosting U.S. Energy. ABC Big 2’s ...

Chevron’s (CVX) decision to cut 20% of its workforce in 2025, recently impacting 800 employees in the Permian Basin region, ...

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

XOM aims to cut its oil breakeven to $35 by 2027 and $30 by 2030, boosting resilience even in low-price markets.

CVX's dividend remains reliable, but reinvestment needs and lost cash flow may slow down its payout growth in the near term.

Civitas Resources is a high-yield investment with a 7% dividend yield, low P/E of 4.7, and strategic growth positioning. Read ...

Vivakor, Inc’s (NASDAQ:VIVK) announced Tuesday that its growth strategy is anchored in the Permian and Eagle Ford Basins, ...

Viper Energy will buy Sitio Royalties in an all-stock deal valued at about $4.1 billion, the companies said on Tuesday, ...

Viper Energy has acquired Sitio Royalties, valued at $4.1 billion including debt. The companies announced this on Tuesday. This ...

Occidental and Chevron are two excellent but very different oil companies. Click here for a detailed analysis.