Conoco is not alone in its pursuit of CrownRock, though.
The deal is apt to face tough antitrust scrutiny from the Federal Trade Commission.
Exxon Mobil failed to initially report a release of the super-potent greenhouse gas methane in the Permian Basin that occurred in early February, violating state rules.
ExxonMobil has set out plans to focus on high return, low cost projects in the Permian Basin, Guyana, Brazil and LNG internationally.
With the number of depleted oil and gas wells steadily on the up, a revolutionary initiative is aiming to put them to good use.
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
Analysis by Rystad Energy suggests a prolonging of current prices could unlock up to 2.2 million barrels per day (bpd) of US tight oil by next year.
Chevron posted disappointing profits after slumping values for some long-held fields hurt the oil giant’s ability to take full advantage of surging energy prices.
ADC Energy has bagged its largest US onshore project to date to deliver rig inspection services for a major operator’s fleet in the Permian Basin.
Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the U.S. Permian Basin.
The Securities and Exchange Commission has been largely silent on the financial wreckage of the U.S. shale industry in recent years, but that may be about to change.
Drilling permit activity is slowing across Texas as oil prices crash to near $20 per barrel.
America’s nascent status as a net petroleum exporter is already at risk as plunging oil prices threaten domestic production and give a leg-up to world’s biggest producers.
The oil major Exxon Mobil is not planning to give up its status as the top driller in Texas.
Callon Petroleum and Carrizo Oil & Gas are drilling right up to the last minute of a controversial Nov. 14 merger vote between the two companies.
A new study from the University of Texas at Austin is blaming hydraulic fracturing activity on some earthquakes in the Permian Basin of West Texas.
There’s a showdown brewing out in the Permian Basin, one pitting large independent exploration and production companies against oil majors.
A California company is seeking to build a $1 billion refinery that will make gasoline and diesel near the Permian Basin town of Kermit.
San Antonio pipeline company Epic Midstream Holdings remains on schedule to begin moving crude oil from West Texas' Permian Basin to the Port of Corpus Christi by this fall.
Seventeen energy companies operating in West Texas' booming Permian Basin said they're pledging more than $100 million to help improve roads, schools, health care, housing and workforce training.
The Permian Basin has been the hottest shale play in the U.S. for years, according to a new report.
The West Texas sun is still hours away from rising, but the line at the First Presbyterian Church in Midland is already forming.
Lilis Energy moved its headquarters from San Antonio to Houston this month as the oil producer aims for stability under a new chief executive and growth in West Texas' booming Permian Basin.
Houston's ConocoPhillips is bucking the trend of churning as much oil out of the booming Permian Basin as possible, instead focusing on less crowded areas like South Texas' Eagle Ford shale.
The Permian shale play is all about setting records. Now, the region may even become the world’s largest oil patch over the next decade.