Oil prices moved up modestly Wednesday after Baker Hughes reported a big weekly drop in the number of active U.S. oil rigs.

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

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

Oil drove the gain in Canada, with 128 rigs drilling for oil this week. In the US, gas-directed rigs increased by 2 to 127, ...

Biglari says it was falsely told the oil company's assets included a dormant drilling rig worth $8.4 million that Biglari ...

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

An investigation has been launched after the death of a worker on an offshore installation in the North Sea. Lee Hulse passed ...

Fourth-graders at Charles Haskell Elementary have been learning all about oil. The students were assigned to build oil derricks using a certain amount of straws, paper clips and tape. The students ...

That’s oil business for you. Craig B. Smith, PhD, is a former faculty member in the UCLA School of Engineering. During his ...

It’s impossible to know who the first person to discover oil on the banks of Oil Creek in Venango County was, because by the time settlers arrived, Native Americans had been collecting the substance ...