New Mexico Cabinet Secretary of the Environment James Kenney meets with Carlsbad business leaders, Feb. 3, 2020 in Santa Fe. A Permian Basin oil and gas operator agreed to a $9.5 million settlement ...

Not all that long ago, shares of oil companies were trading as if almost the entire industry was facing bankruptcy. Throw in a major recovery in oil prices, and the interest in oil companies has ...

A lot of oil companies are struggling with the price of crude stubbornly stuck below $50 a barrel. Their struggles are largely due to two factors: They have too much debt and their costs are too high.

Sapakara West-1 well provides further confirmation of geologic model with 79 meters (259 feet) of net oil and gas condensate pay. The third and fourth exploration well locations in Block 58 have been ...

Last year, shale driller Apache Corp. (NYSE: APA) made waves after it sacked one of the most iconic CEOs in the shale patch, Steven Keenan. Keenan was reportedly shown the door after disappointing ...

Apache Corporation plans to invest next year $1.4 billion in Egypt’s energy industry, where the U.S. firm is one of the biggest investors and the largest oil producer in the North African country. The ...

A Permian Basin oil and gas operator agreed to a $9.5 million settlement with the State of New Mexico and federal government over air pollution caused by the company’s facilities in southeast New ...