Permian Basin News

US Crude Oil Production to Peak at 13.41 Million Barrels Per Day in 2025 Before Expected Decline

US crude oil production is set to reach a record high of 13.41 million barrels per day in 2025 before experiencing a slight decline in 2026, as per the Energy Information Administr...

Diamondback Energy Eyes $5 Billion Acquisition of Double Eagle in Groundbreaking Deal

Diamondback Energy Inc. is in talks to acquire Texas energy producer Double Eagle in a deal potentially worth over $5 billion. Double Eagle, with significant assets in the Permian ...

Diamondback Energy Eyes $5 Billion Acquisition of Double Eagle in a Game-Changing Deal

Diamondback Energy Inc. is in talks to acquire Texas energy producer Double Eagle in a deal potentially worth over $5 billion. Double Eagle is a key player in the Permian Basin wit...