Up Purdy Mesa east of Whitewater on a recent afternoon, Fram Operating LLC manager David Cook watched a rig rise from the ground in preparation for drilling what is an oddity these days in the region ...

Pioneer Natural Resources anticipates oil prices will rise to the $80 to $100 a barrel range in the future. It can generate substantial free cash flow in that range. The company plans to return most ...

BEAUMONT, Texas — The Lucas Gusher at Spindletop, which gave birth to the modern petroleum industry and transformed Beaumont into an oil boom town, marks its 124th anniversary on Friday. The historic ...

Valero's own figures put the Port Arthur refinery's crude capacity at about 435,000 barrels per day, and the site is geared to run heavy, sour grades that look a lot like Venezuelan crude. Valero says ...

The fact that an asset has optionality says nothing about who is best positioned to own the asset and exercise the options. Companies with cash burning a hole in their pockets are prone to blowing it ...