A total of 32 US states pump oil, but just over 42 percent of the country’s crude oil production comes out of Texas, ...

New Mexico's oil output has doubled since 2019, making it the second-largest producer in the U.S., behind Texas.

A Texas representative wants to remove a rare lizard from the endangered species list, which would pave the way for oil and ...

The sell-off in the crude oil market is expected to bring down the pace of US production growth, according to Rystad Energy.

Like Texas, the Permian Basin was down three rigs to 294 rigs for the week and the lowest level since February 2022. The ...

New Mexico's Legislature has endorsed a bill that would raise royalty rates for new petroleum development on prime parcels in one of the world’s most prolific oil basins.

Wall Street is rattled. Groceries may soon cost more. And in the heart of the Permian Basin, economists say the fallout from ...

U.S. rig count drops, with Permian Basin drilling at its lowest since February 2022, according to Baker Hughes.

The Permian Basin Petroleum and Texas Independent Producers & Royalty ... if passed would increase the severance tax on oil production in New Mexico by nearly 27% from 3.15% to 4%.

which centers on an expansive oil-producing region extending across western Texas and eastern New Mexico known as the Permian Basin and has been driven by the increasing use of novel technologies ...

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

The intense pace of oil production in the Permian Basin, which covers 75,000 square miles between Texas and New Mexico, has also inflicted environmental damage. The Texas Railroad Commission ...