Oil is a global commodity. It also has different chemistries throughout the world, depending on how it is matured, sourced, originated, and stored in the reservoirs below the surface.

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

AUSTIN New data from the Texas Workforce Commission (TWC) indicate that upstream oil and natural gas employment grew by 2,500 in January 2025 compared to December 2024. This is growth on top of ...

Mar. 3—AUSTIN — Statewide and county crude oil and natural gas production as reported to the Railroad Commission of Texas for December 2024 came from 158,989 oil wells and 83,536 gas wells ...

PERMIAN BASIN, Texas (KMID/KPEJ)- The Permian Basin has long been at the heart of America’s energy industry, fueling economic ...

Read part one here. President Trump and Texas lawmakers are pushing to loosen the laws and liabilities governing the state’s oil and gas industry and give companies a freer hand to “drill, ...

Image by Dragon Claws via iStock The industry that paid the highest U.S. oil and gas wage in 2024 was Crude Petroleum Extraction, with an annual average of $227,080. That’s what the Texas ...

(The Center Square) – The Texas oil and natural gas industry broke multiple records in 2024, from production, to job creation, to taxes and royalties it paid, according to a new report published ...

Evolution Petroleum Corporation said it is acquiring non-operated oil and natural gas assets in New Mexico, Texas, and Louisiana. Evolution Petroleum Corporation said it is acquiring non-operated ...

“I assumed somebody would be making sure we were safe.” The oil and gas industry has long been a cornerstone of the Texas economy, and has brought a flood of new jobs and money to the Permian ...