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Permian Basin News

More Permian Basin News

Permian Basin Rig Count
(as of 03/25/2023)

  Count Change From
Previous Week		 Change From
Previous Year
Disposal Count -1 No change
Gas Count 12 4 3
Gas Well Count 1 -1 1
Injection Count 1 No change 1
Oil Count 259 -2 46
Oil & Gas Count 41 6 26
Oil Well Count 12 -1 12
Service Well Count 3 1 3

Top Permian Basin Operators By Rig Count/Locations
(as of 03/25/2023)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 23 22 +1 -1
Chevron Corp 19 17 +2 +16
Subscribe to See 19 19 --- +8
Subscribe to See 17 18 -1 +5
Subscribe to See 17 17 --- +7
Subscribe to See 15 14 +1 +4
Subscribe to See 12 13 -1 +1
Subscribe to See 12 12 --- +5
Subscribe to See 12 12 --- +2
Subscribe to See 7 6 +1 +3
See FULL list of Active Operators >>


Top Permian Basin County By Rig Count/Locations
(as of 03/25/2023)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 62 58 +4 +18
MIDLAND 40 39 +1 +1
Subscribe to See 33 40 -7 +8
Subscribe to See 32 31 +1 +5
Subscribe to See 28 27 +1 +9
See FULL list of Active County >>


 Permian Basin Top Operators
(Undrilled-Permits)
Company    Last 12 Months
Pioneer Natural Resources Co.    520
Occidental Petroleum Corp    292
Diamondback Energy, Inc.    246
   230
   228
   226
   208
   181

   Drilling Permits Trends ( Last 24 Months)


Permian Basin - Drilling Permits ( February 23, 2023 - March 25, 2023)
Date Approved county Well Name Well type Well Bore Type Field/Zone Well Status
Lrr Pecos Valley, LLC
03-03-2023 Loving Kyle 24 R601 Oil & Gas Vertical Undrilled
03-03-2023 Loving Kyle 24 R801 Oil & Gas Vertical Undrilled
03-03-2023 Loving Kyle 24 R802 Oil & Gas Vertical Undrilled
Terrain Water Solutions, LLC
03-02-2023 Reeves Omega Swd 1 Service Well Vertical Undrilled
Colgate Energy Partners III LLC
03-02-2023 Eddy Blackhawk 16 State Com 123h Oil Horizontal Undrilled
03-02-2023 Eddy Blackhawk 16 State Com 124h Oil Horizontal Undrilled
03-02-2023 Eddy Blackhawk 16 State Com 133h Oil Horizontal Undrilled
03-02-2023 Eddy Blackhawk 16 State Com 134h Oil Horizontal Undrilled
03-02-2023 Eddy Black Cat 16 State Com 121h Oil Horizontal Undrilled
03-02-2023 Eddy Black Cat 16 State Com 122h Oil Horizontal Undrilled

More Permian Basin Drilling Permits >>

  Permian Basin - Drilling Activity (2016 - 2023 YTD)


 Permian Basin - Well Completion Trend


Completions By
Company 		2023(YTD)
Count
EOG Resources, Inc. 67
Pioneer Natural Resources Co. 33
ConocoPhillips 24
23
20
Completions By
County 		2023(YTD)
Count
Lea 72
Martin 40
Eddy 39
38
33

 Permian Basin Map

Permian Basin Maps

 Permian Basin Rig Data : March 25, 2023


Drilling Trends from May 4, 2011 - March 25, 2023

 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…
More Overview

Latest Midstream News


Latest Midstream Projects

Project Name Completion date Capacity (MBOPD)
Processing Plant 7 / Processing Plant 3   - -
Shin Oak NGL Pipeline Expansion   - -
Permian Highway Pipeline Expansion   - -
Matterhorn Express Pipeline   - -
Martin Water Midstream Midland Water Assets   - -
Pinnacle Dos Picos Gathering System   - -
Total   -
  Click Here to More Projects

  Permian Basin - Mergers & Acquisition

Announce Date Buyer Seller Title Value $MM
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $98
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $1,600
10/11/2022 Diamondback Energy, Inc. Firebird Energy LLC Diamondback to Acquire Permian E&P Firebird for $1.6B in Cash/Stock $1,600
09/30/2022 Northern Oil and Gas, Inc. Alpha Energy Partners NOG Acquires Northern Delaware/Permian Assets for $157 Million $125
09/13/2022 US Energy Development Corp Not Disclosed U.S. Energy Development Corp Acquires More Permian Assets $60
09/06/2022 Sitio Royalties Corp. Brigham Minerals Inc. Sitio Royalties, Brigham to Merge in All-Stock Deal Worth $4.8 Billion $4,800
08/23/2022 Brigham Minerals Inc. Avant Natural Resources Brigham Minerals Inks $133MM Cash Deal for Midland Basin Minerals, Royalties $133
08/17/2022 Northern Oil and Gas, Inc. Laredo Petroleum Inc. Northern Oil Picks Up Midland Basin Assets for $110 Million in Cash $110
08/04/2022 APA Corp. Not Disclosed APA Corp. Ups Ante in the Delaware Basin; Acquires Property for $555 Million $555
07/05/2022 Ring Energy Inc. Stronghold Energy II LLC Ring Energy Acquires PE-Backed Stronghold Energy II for $465 Million $465
 
Permian Basin Mergers

  Permian Basin Transactions By Quarter ($MM)