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

“It is unfortunate we have lost a significant amount of time litigating, instead of moving forward with field studies and ...

Hilcorp Alaska is permitting a second pad at the Pretty Creek unit on the west side of Cook Inlet. The small gas field was brought online by Union Oil Company of California in late 1986, producing ...

Stock analysts at StockNews.com initiated coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT – Get Free Report) in a research note issued to investors on Friday. The brokerage set a “sell” ...

A federal judge in Alaska ruled that former President Joe Biden's administration lacked the authority to cancel oil and gas ...

Alaska Oil and Gas Association President Kara Moriarty sees a bright spot for Alaska’s oil future with major projects either ...

As we chart our economic future, the contentious issue of raising oil taxes has again reared its less than attractive head.

increase taxes paid by Hilcorp Alaska, which operates the large Prudhoe Bay oil field; and tax some out-of-state businesses that operate online. Collectively, those measures have been estimated to ...

The spill occurred when Exxon Valdez, an oil supertanker owned by Exxon Shipping Company, bound for Long Beach, California, ...