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Delaware Basin

Delaware Basin News

Battalion Oil acquires RoadRunner Ward County Acreage

Premium content Battalion Oil acquires RoadRunner Ward County Acreage

Battalion Oil Corporation (BATL) acquired approximately 7,090 net acres in Ward County, Texas from RoadRunner Resource Holding LLC (formerly Sundown Energy LP) in an all-stock transaction announced March…

Battalion Oil to sell West Quito Draw assets to MCM Delaware Resources for $62.6MM

Battalion Oil to sell West Quito Draw assets to MCM Delaware Resources for $62.6MM

Battalion Oil has agreed to sell its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources, LLC for approximately $62.6 million, according to a…

Devon / Permian Resources Add To Permian Positions

Devon / Permian Resources Add To Permian Positions

During Q3 2025, both Devon Energy (NYSE: DVN) and Permian Resources (NYSE: PR) deployed capital in the Delaware Basin, but their disclosures show very different ways of thinking…

Crescent Absorbs Vital in a Scale-First Consolidation Bet

Crescent Absorbs Vital in a Scale-First Consolidation Bet

Crescent Energy is making its biggest move yet in its “growth through acquisition” strategy, agreeing to acquire Vital Energy in an all-stock deal that would create a larger,…

$2.4B Deal Gives MPLX Sour Gas Edge in Permian

$2.4B Deal Gives MPLX Sour Gas Edge in Permian

Transaction Overview Acquirer: MPLX LP Target: Northwind Delaware Holdings LLC Purchase Price: $2.375 billion in cash Financing: Entirely funded by debt Expected Close: Q3 2025, Valuation Metrics: 7x…

E&P To Increase 2025 Drilling & Completion Activity

E&P To Increase 2025 Drilling & Completion Activity

During the most recent 3Q announcements Matador outlined it's 2025 development plans. The company said it will run 9 rigs next year (2025) up from 8 this year.…

Matador Resources Acquires PE-Backed Ameredev For $1.9 Billion

Premium content Matador Resources Acquires PE-Backed Ameredev For $1.9 Billion

Matador Resources said it will acquire Encap-Backed Ameredev II oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler…

APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal

Premium content APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal

APA Corporation said it will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt. Callon common stock will be exchanged for…

Empire Petroleum First Quarter 2023 Results

Empire Petroleum First Quarter 2023 Results

Empire Petroleum announced first quarter 2023 results. Highlights Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day ("Boe/d") (61% oil, 19%…

Earthstone Energy, Inc., First Quarter 2023 Results

Earthstone Energy, Inc., First Quarter 2023 Results

Earthstone Energy, Inc., announced first quarter 2023 results. Highlights Average daily production of 104,450 Boepd(1), up 194% from Q1 2022 Net income(2) of $86.2 million, and Adjusted Net…

Delaware Basin Top Operators (Undrilled Permits)

Company Last 12 Months
Permian Resources Corp. 358
Devon Energy Corp 325
Occidental Petroleum Corp 241
locked 224
locked 170
locked 140
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locked 128
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Delaware Basin Drilling Permits Trends (Last 24 Months)

Delaware Basin Well Completion Trend

Delaware Basin Map

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Delaware Basin Rig Data: August 26, 2026

Delaware Basin Overview

What is the Delaware Basin ? Delaware Basin Zones/Plays Yeso Trend Wolfcamp Shale Avalon Shale Bone Spring (1st, 2nd & 3rd )

The Delaware Basin is the western portion of the Permian Basin, separated from the more developed Midland Basin by the Central Basin Platform. The Delaware constitutes a roughly 10,000 square miles or 6.4 million acres extending from the southern New Mexico counties of Eddy, Lea and Chaves Counties southward into the western Texas counties of Culberson, Loving, Reeves, Ward and Jeff Davis.

Delaware Basin Stratigraphy

Delaware Basin Mergers & Acquisitions

Delaware Basin Transactions By Quarter ($MM)