Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Permian Basin Rig Count
(as of 06/24/2021)

  Count Change From
Previous Week
Change From
Previous Year
Gas Count 6 No change 5
Injection Count -1 No change
Oil Count 217 No change 83
Oil & Gas Count 16 -3 15

Top Permian Basin Operators By Rig Count/Locations
(as of 06/24/2021)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 21 21 --- +13
Mewbourne Oil Company 13 13 --- +11
Subscribe to See 13 13 --- +9
Subscribe to See 12 12 --- +12
Subscribe to See 12 12 --- +2
Subscribe to See 11 11 --- +1
Subscribe to See 11 11 --- +10
Subscribe to See 10 10 --- +9
Subscribe to See 7 7 --- +6
Subscribe to See 7 7 --- -24


Top Permian Basin County By Rig Count/Locations
(as of 06/24/2021)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 45 46 -1 +25
MIDLAND 43 43 --- +30
Subscribe to See 27 27 --- -6
Subscribe to See 26 26 --- +17
Subscribe to See 15 15 --- +8


 Permian Basin Top Operators
(Undrilled-Permits)
Company    Last 12 Months
EOG Resources, Inc.    444
Occidental Petroleum Corp    298
Devon Energy Corp    269
   192
   143
   132
   113
   107

   Drilling Permits Trends ( Last 24 Months)


Permian Basin - Drilling Permits ( May 25, 2021 - June 24, 2021)
Date Approved county Well Name Well type Well Bore Type Field/Zone Well Status
Pinon Operating LLC
06-04-2021 Martin Brittany 43-07 2ms Oil Horizontal Spraberry (trend Area) Undrilled
TRP Energy LLC
06-04-2021 Upton Hans Gruber D 1024hl Oil Horizontal Spraberry (trend Area) Undrilled
06-04-2021 Upton Hans Gruber E 1014hu Oil Horizontal Spraberry (trend Area) Undrilled
06-04-2021 Upton Hans Gruber D 1004ha Oil Horizontal Spraberry (trend Area) Undrilled
Henry Resources Llc
06-03-2021 Reeves Diann 16 12c Oil Horizontal Wolfbone (trend Area) Undrilled
06-04-2021 Martin Silverado 40-1 B 2ls Oil Horizontal Spraberry (trend Area) Undrilled
06-04-2021 Martin Silverado 40-1 A 1jm Oil Horizontal Spraberry (trend Area) Undrilled
06-04-2021 Martin Silverado 40-1 C 3wa Oil Horizontal Spraberry (trend Area) Undrilled
06-04-2021 Martin Silverado 40-1 I 9wb Oil Horizontal Spraberry (trend Area) Undrilled
06-03-2021 Crane Ul Anthem May 13-1 F 6h Oil Horizontal Peart (barnett) Undrilled

  Permian Basin - Drilling Activity (2016 - 2021 YTD)


 Permian Basin - Well Completion Trend


Completions By
Company
2021(YTD)
Count
Pioneer Natural Resources Co. 73
EOG Resources, Inc. 63
ConocoPhillips 58
49
47
Completions By
County
2021(YTD)
Count
Martin 135
Midland 105
Lea 88
81
62

 Permian Basin Map

 Permian Basin Rig Data : June 24, 2021


Drilling Trends from May 4, 2011 - June 24, 2021

 Permian Basin Overview



The Permian Basin is one of the oldest and most widely recognized oil and gas producing regions in the U.S. The Permian Basin covers approximately 86,000 square miles and encompasses 52 counties in New Mexico and Texas.

Here are some links to the data we have available on the Permian Basin, Wolfcamp, Bone Springs, Spraberry

Rig Locations (which operator is drilling where - updated weekly) Completions (wells completed by E&P companies, including DUCs. : updated daily) Drilling Programs Company budgets (Allocated capital by company) Active…

  Permian Basin - Mergers & Acquisition

Announce Date Buyer Seller Title Value $MM
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $102
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $500
06/09/2021 Independence Energy Corp. Contango Oil & Gas Co. Contango to Merge with PE-Backed Independence Energy in All-Stock Deal ---
06/02/2021 Colgate Energy Partners III LLC Luxe Energy Llc Colgate to Acquire Luxe Energy's Delaware Basin Assets in All-Stock Deal ---
05/24/2021 Cabot Oil & Gas Corp Cimarex Energy Co. Cabot Oil & Gas, Cimarex to Combine in $17 Billion Enterprise Deal ---
05/20/2021 Percussion Petroleum II, LLC Oasis Petroleum Inc. Oasis Petroleum Sells Permian Asset to PE-Backed E&P for $450 Million $450
05/18/2021 Empire Petroleum Corp. XTO Energy Inc.,ExxonMobil Empire Acquires Delaware Basin Assets from Exxon for $17.8MM $18
05/10/2021 Sixth Street Partners LLC Laredo Petroleum Inc. Laredo to Sell Interest in Midland Basin Assets for $405 Million $405
05/10/2021 Laredo Petroleum Inc. Sabalo Energy, LLC Laredo to Acquire PE-Backed Sabalo Energy in $715MM Deal $715
05/04/2021 Not Disclosed Diamondback Energy, Inc. Diamondback Unloads Non-Core Permian Assets in $87MM Deal $87
 

  Permian Basin Transactions By Quarter ($MM)