Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

The New Mexico Senate Conservation Committee approved SB23, a bill to raise oil and gas royalty caps from 20% to 25% in the Permian Basin. Supporters argue it boosts school funding, while opponents ...

Patrick Pouyanne says Tamboti’s permeability is ’not good’, although exploration sources say fracking and horizontal drilling ...