A new discovery in the Permian Basin is challenging the narrative that shale oil and gas in the United States is declining.

Chantell Dunbar-Jones remembers when her hometown of Lewisville, Arkansas, seemed to have oil wells on every corner. The small town, located in the southwestern part of the state, sits atop the ...

The updated assessment, which also includes reserves in South Dakota, found that the formations contain an estimated mean of 7.4 billion barrels of undiscovered, technically recoverable oil. According ...

DICKINSON, N.D. - Marathon Oil has become the first company to try modern horizontal drilling in the Tyler Formation of southwest North Dakota. If successful, Marathon could be the first of many ...

A vast geologic formation in three northern Plains states contains twice as much oil and three times as much natural gas as the federal government previously estimated, according to a reassessment of ...

DICKINSON, N.D. - The North Dakota Department of Mineral Resources released details this week about an oil formation in southwest North Dakota believed to be similar to the Bakken, and leasing has ...

MINOT - North Dakota's own estimate of how much oil can be gotten economically, using current technology, from the Bakken formation in the Williston Basin is slightly above or below 2.1 billion ...

Total signed today an agreement with Lukoil creating a joint venture (JV) to explore and develop the tight oil potential of the Bazhenov play in Western Siberia. Total will hold 49% of the JV and ...