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

In offshore resources, 21 rigs were operating, an increase from the week-ago count of 19. Permian — the most prolific basin in the United States — recorded a weekly oil and gas rig count of ...

Sep. 13—The rig count in the Permian Basin was unchanged this week, the latest count Friday by Baker Hughes shows, with 306 rigs active in the region. A year ago, 322 rigs were active in the region.

Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane ...

Oilfield services firm Baker Hughes said Friday its U.S. rig count surged eight rigs — the biggest weekly rise since ...

NEW YORK, Sept 13 - Oil prices edged lower on Friday as U.S. Gulf of Mexico crude production resumed following disruptions caused by Hurricane Francine, while the country's rig count jumped this week.

The total number of active drilling rigs for oil and gas in the United States rose substantially this week, bucking the ...

Doha: Oil prices fell on Friday as US Gulf of Mexico crude production resumed following Hurricane Francine and rising data showed a weekly rise in US rig count. Brent crude futures settled at $71. ...