The Latest Breaking News from Permian Basin

Studies Link New Mexico Drilling to Radiation, Air Pollution, Health Risks

Small towns in the Permian Basin have become a petri dish for the perils of living amid the nation's largest oil fields.

Capital & Main · Sep 4

The U.S. is about to churn out much more natural gas to power AI or to export, and it’s triggering a slew of multibillion-dollar acquisitions

Oneok bought up Brazos Midstream’s Permian Basin gas facilities for over $4.4 billion as the industry consolidates.

Fortune · Sep 2

This Texas basin was once dismissed as a ‘graveyard’. Now its oil economy supports 853,924 jobs and generates billions in economic activity across the US

A century ago, the Permian Basin was hardly the place anyone would have picked as an engine of the American economy. Early observers were so unimpressed by parts of the landscape that the region was dismissed as a “graveyard” according to WorldOil. Today, the same stretch of West Texas and…

The Times of India · Sep 1

Will Diamondback Energy Raise Its Dividend Next Month? If So, FANG Stock Could Rise

Diamondback Energy, a pure-play Permian Basin oil and gas play, is set to announce earnings and dividends on Feb. 24. If it hikes the dividend, FANG stock could rise. However, shorting out-of-the-money puts might be a better play.

Barchart · Jan 25

SM Energy is acquiring Civitas in $13 billion oil and gas merger of near equals in the Permian Basin

The merger is the biggest oil and gas deal in months as the U.S. industry continues to consolidate.

Fortune · Nov 3, 2025

ExxonMobil Remains The Go-To Safety Trade In Volatile Energy Market: Analysts

Exxon Mobil Corporation (NYSE:XOM) is boosting oil production efficiency and financial resilience through strategic innovations in its Permian Basin operations, positioning the energy giant for stable cash flow and growth even as 2025 brings market uncertainty.

Benzinga · Sep 30, 2025

Vistra Expands Permian Basin Plant With New Gas Units

Vistra Corp. (NYSE: VST) will add two new natural gas units at its Permian Basin Power Plant in West Texas, expanding the facility’s capacity from 325 megawatts to 1,185 megawatts. The decision comes as electricity use grows across the state, particularly in energy-intensive industries tied to oil and gas.

Benzinga · Sep 29, 2025

Diamondback’s Viper Energy buys Sitio Royalties for $4B in merger of top two minerals players

The minerals and royalties deal continues Diamondback's ascent as the top producer focused on the still-booming Permian Basin.

Fortune · Jun 3, 2025

Coca-Cola and Unilever among dozens of plastic brands tied to Texas fracking, investigation reveals

More than 25 major consumer brands and petrochemicals have been traced to fracking in the Permian Basin, one of the world’s ‘carbon bombs’.

Euronews · Mar 29, 2025

An abandoned West Texas oil well has created a 200-foot-wide sinkhole

The rapidly-growing sinkhole in Upton County is the latest of many problems caused by old wells in the Permian Basin.

The Texas Tribune · Mar 18, 2025