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

Permian Basin Rig Count
(as of 03/03/2021)

  Count Change From
Previous Week
Change From
Previous Year
Gas Count 10 1 2
Injection Count 2 1 2
Oil Count 187 18 -190
Oil & Gas Count 18 3 14

Top Permian Basin Operators By Rig Count/Locations
(as of 03/03/2021)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 16 14 +2 -6
Occidental Petroleum Corp 12 12 --- -5
Subscribe to See 12 14 -2 -6
Subscribe to See 10 9 +1 -13
Subscribe to See 9 8 +1 ---
Subscribe to See 9 8 +1 -7
Subscribe to See 8 8 --- -1
Subscribe to See 8 8 --- -50
Subscribe to See 7 7 --- ---
Subscribe to See 7 6 +1 -1


Top Permian Basin County By Rig Count/Locations
(as of 03/03/2021)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 38 33 +5 -16
EDDY 30 28 +2 -27
Subscribe to See 23 21 +2 -18
Subscribe to See 22 20 +2 -17
Subscribe to See 21 17 +4 -21


 Permian Basin Top Operators
(Undrilled-Permits)
Company    Last 12 Months
EOG Resources, Inc.    458
Occidental Petroleum Corp    258
Devon Energy Corp    240
   194
   152
   130
   104
   81

   Drilling Permits Trends ( Last 24 Months)


Permian Basin - Drilling Permits ( February 01, 2021 - March 03, 2021)
Date Approved county Well Name Well type Well Bore Type Field/Zone Well Status
Sabinal Energy LLC
03-01-2021 Howard Foster, W.l. #5 26 Oil Vertical Iatan (san Andres) Undrilled
03-01-2021 Mitchell Foster, W.l. #5 7r Oil Vertical Iatan (san Andres) Undrilled
03-01-2021 Mitchell Foster, W.l. #5 13 Oil Vertical Iatan (san Andres) Undrilled
03-01-2021 Mitchell Foster, W.l. #5 15 Oil Vertical Iatan (san Andres) Undrilled
Driftwood Energy Partners
03-01-2021 Upton East Rankin Unit 2h Oil & Gas Horizontal Spraberry (trend Area) Undrilled
03-01-2021 Upton East Rankin Unit 3h Oil & Gas Horizontal Spraberry (trend Area) Undrilled
02-26-2021 Upton Rankin Mipa 1h Unit 1h Oil Horizontal Spraberry (trend Area) Undrilled
02-26-2021 Upton Rankin Mipa 3h Unit 3h Oil Horizontal Spraberry (trend Area) Undrilled
Carr Resources Inc.
02-25-2021 Scurry R.g. Foster 236 1h Oil & Gas Horizontal Garden City, S. (wolfcamp) Undrilled
02-25-2021 Reeves State Stonefly Unit 732h Oil & Gas Horizontal Phantom (wolfcamp) Undrilled

  Permian Basin - Drilling Activity (2016 - 2021 YTD)


 Permian Basin - Well Completion Trend


Completions By
Company
2019(YTD)
Count
ExxonMobil 866
Pioneer Natural Resources Co. 640
EOG Resources, Inc. 569
567
557
Completions By
County
2019(YTD)
Count
Midland 1352
Reeves 1194
Martin 1109
966
830

 Permian Basin Map

 Permian Basin Rig Data : March 3, 2021


Drilling Trends from May 4, 2011 - March 3, 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 $420
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $821
12/21/2020 Diamondback Energy, Inc. QEP Resources, Inc. Diamondback Energy to Acquire QEP Resources $2,200
12/18/2020 Earthstone Energy Inc. Independence Resources Management Earthstone Acquires PE-Backed Midland E&P for $182 Million $182
11/30/2020 Contango Oil & Gas Co. Not Disclosed Contango to Acquire Oily Assets in Big Horn, PRB, Permian Basins $58
11/30/2020 Point Energy Partners Petro LLC Battalion Oil Corp. New PE-backed E&P Scores Permian Property $26
11/09/2020 Rising Phoenix Royalties Not Disclosed Rising Phoenix Acquires Permian Royalty Package ---
11/09/2020 Ameredev, LLC Lilis Energy Inc. Ameredev Wins Bid for Lilis Energy's Permian Portfolio $47
10/23/2020 Laredo Petroleum Inc. Not Disclosed Laredo Ups Ante in Howard County, TX; Bolts On Acreage ---
10/21/2020 Tengasco Inc. Riley Exploration Permian Inc. Tengasco, Riley Exploration Permian to Merge in All-Stock Deal ---
 

  Permian Basin Transactions By Quarter ($MM)