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 ...

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

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. - 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 ...

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 ...

With their newfangled electrical and seismographic prospecting instruments, petroleum geologists have found indications that oil formations may lie as deep as 25,000 ft. below the earth’s surface.