Sinopec tested the Tiebei 1HF well at a high daily output of 314,500m³ of industrial gas flow, enhancing gas reserves and ...

U.S. oil production may have peaked, signaling the end of the shale boom and raising questions about future energy security ...

Diamondback Energy’s CEO told shareholders that “prices, volatility and macroeconomic uncertainty” threaten U.S. oil ...

The outlook from Diamondback, one of the industry’s most prominent producers, marks a key shift for expectations within the ...

Plummeting crude prices could shave 10% off U.S. rig count in first half, Diamondback says. Its CEO says it's slowing as it sees a "red light" ahead..

Many in the shale patch expect US oil prices to end 2025 near current levels, according to a live survey of attendees at the Super DUG Conference & Expo in Fort Worth, Texas.

The well was drilled to a vertical depth of 5,300 m and contains a 1,312-m horizontal section. This depth set a record for vertical depth of shale gas wells in China.

Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum ...

Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s prolific shale fields and will decline in the months ahead ...

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s prolific shale fields and will decline in the months ahead after ...