Midland, Texas, a city in the heart of the Permian Basin, is a thriving community heavily reliant on the oil and gas industry, with the Permian Basin being a major contributor to US oil production.

U.S. natural gas producers and investment firms are gearing up for more activity in Louisiana's Haynesville shale basin, ...

The estimate includes 5.77 billion bbl of oil and 7.15 tcf of natural gas—a 22.6% increase in remaining recoverable reserves, DOI said.

Two bar charts showing oil output growth from the Permian basin on the left and total United States on the right. Producers are dealing with rising levels of water and gas per barrel produced ...

NEW YORK/HOUSTON (Reuters) - U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces more water and gas and less oil - and may ...