You Searched For "Permian Basin" and got 20 results
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1 min read
Big American shale producers are reportedly selling oil at a loss despite soaring crude prices
Nearly a third of US oil output is being sold at $55 a barrel, and some especially unlucky producer…
Ethan Wu
2 mins read
The US will be an oil production powerhouse through at least 2026, Goldman Sachs says
The US is on track to churn out 270,000 barrels of oil a day in 2026 as the drilling boom continues…
Jennifer Sor
3 mins read
Autry Stephens sold his company for $26 billion but died before the deal was done. Here's how a Texas farm boy became an oil tycoon.
Autry Stephens built Endeavor Energy into one of the biggest private oil producers and sold the com…
Theron Mohamed
1 min read
The US oil boom helps ExxonMobil and Chevron notch their second-biggest profits in a decade
ExxonMobil and Chevron notched $36 billion and $21.4 billion for their fourth-quarter profits respe…
Aruni Soni
3 mins read
A wave of M&A means the US oil-production boom may be over
Public and private firms have very different financial priorities. For the US oil industry this yea…
Aruni Soni
2 mins read
The US is pumping more oil than any country in history - and it's unlikely to be surpassed any time soon
The US produced an average of 12.9 million barrels a day last year, more than Russia or Saudi Arabi…
Filip De Mott
3 mins read
The oil industry's mega-merger spree and a US production boom point to strong crude demand for years to come
More consolidation of the oil industry appears inevitable, sources say, and $100 billion in deals p…
Phil Rosen
1 min read
Oil could be headed as high as $150 unless the US boosts its output, says major exploration firm
US crude prices are around the $90 mark, and some market commentators have already flagged oil as a…
Joseph Wilkins
11 mins read
Trump demonizes immigrants. So why is he winning so many Latino votes?
Democrats are losing their grip on the Latino vote. I visited the Texas border to find out why.
Jack Herrera
1 min read
The oil and gas industry is undergoing its biggest-ever consolidation
Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 bill…
Filip De Mott
2 mins read
The richest man you've never heard of isn't sure what to do with his billions
Autry Stephens is one of the world's 100 richest people after selling his oil business, but it's a …
Camilo Fonseca
2 mins read
US oil production will keep booming in 2024, setting up a possible showdown with Saudi Arabia
US oil companies are boosting their budgets, and production forecasts indicate new record highs in …
Aruni Soni
3 mins read
Exxon's $60 billion bet on fossil fuels proves we're failing at the energy transition
ExxonMobil made a $60 billion bet that the world will be hooked on fossil fuels for decades. It sho…
Catherine Boudreau
2 mins read
Warren Buffett snaps up nearly $600 million of Occidental stock in 3 days, signaling he likes the energy group's latest deal
Warren Buffett's Berkshire Hathaway bought 10.5 million Occidental shares in three days after the o…
Theron Mohamed
3 mins read
Your energy costs could become a lot more unpredictable
The time when Americans could rely on cheap natural-gas prices to heat their homes and power busine…
Catherine Boudreau
2 mins read
Saudi Arabia may wage oil 'market share war' against the US, reversing output cuts and unleashing a flood of supply, energy expert says
"You've got to attack the guy that's making the marginal decision to drill or not — and that guy is…
Aruni Soni
3 mins read
Warren Buffett may help Occidental Petroleum pay for a potential $10 billion takeover. Here's what's fueling the speculation.
Buffett-backed Occidental is reportedly among the top bidders for CrownRock, raising the prospect i…
Theron Mohamed
1 min read
Natural gas prices in Texas shale country just turned negative amid booming production
At the Waha hub in the Permian Basin, gas for next-day delivery sank to negative $2 per million Bri…
Brian Evans
3 mins read
Exxon and Chevron investors shoot down climate proposals after a year a record profits
Exxon and Chevron investors rejected climate-change proposals after a year of record profits at the…
Catherine Boudreau
2 mins read
Oil giant Exxon was ordered to reinstate 2 employees and pay $800,000 for illegally firing them after suspecting them of leaking information to the media
Exxon said it terminated one scientist for mishandling company data and another for having a bad at…