Crude prices fell for a second consecutive week as traders focused on negative economic news and signs of growing oil supply. West Texas Intermediate fell four of five trading days on the New York ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the 12th time in 13 weeks, energy ...

The toxic water that gushes out of oil wells in the Permian Basin of Texas and New Mexico has spurred environmental concerns ...

LUBBOCK, Texas — Oil may be pumped from the ground in West Texas, but the price is set by what’s happening around the world. “Oil trades in a global market,” said Nikki Kantelis, faculty ...

National average for gas sits at $3.16, holding flat for the week and down sharply from a year ago. Stable crude oil prices ...

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

In West Texas, at least eight orphaned wells have blown out since late 2024, spewing brine, a salty liquid laden with chemicals from drilling, and toxic gas. One leaked for more than two months ...

U.S. energy firms this week added oil and natural gas rigs for the first time in 12 weeks, energy services firm Baker Hughes ...

ODESSA — Oil and gas companies are seeking legal shelter as Texas comes closer to using waste brine once considered too toxic for anything other than fracking to replenish Texas’ water shortages.