South Texas Oil Co. plans to significantly increase its production capacity through the acquisition of a drilling rig and a workover rig to be used at its Texas properties. South Texas Oil Co. plans ...

MIDLAND, TEXAS (Reuters) -At the heart of the U.S. shale industry in Texas, oil production is climbing. But you wouldn't know that if you talked to Mark Waters, who owns a store that sells tools and ...

ODESSA — After COVID-19 tanked oil prices, Texas’ oil and gas industry rebounded. By 2024, operators were drilling record amounts of oil. Each barrel sold for at least $70, bringing profits and ...

ODESSA, Texas (KMID/KPEJ) – Oilfield technology continues to advance — not just in boom times, but when companies are forced ...

FILE - In this Feb. 17, 2016 file photo, Chance Lang descends toward the water pool attached to Robinson Drilling rig #4 in Midland County, Texas. Oil drilling companies and royalty owners from the ...

Despite a year-over-year decline, the North American drilling rig count increased by 7 this week, reaching 725. Oil rigs in Canada increased by 3, while the US added 2 oil-directed rigs. The drilling ...