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 ...

Unconventional oil refers to crude oil extracted through new methods like hydraulic fracturing and oil sands mining. Explore how these techniques differ from traditional extraction.