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Permian Basin

Permian Basin News

Why $90 Oil Isn’t Bringing Back the Rigs

Why $90 Oil Isn’t Bringing Back the Rigs

Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…

These Three Companies Will Increase Drilling & Completion Over The Next 3 Year

These Three Companies Will Increase Drilling & Completion Over The Next 3 Year

In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…

Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%

Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%

The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…

Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill

Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill

Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…

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…

Apa Corp : Doing More With Less

Apa Corp : Doing More With Less

APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…

Permian Resources to Grow Production 6% in 2026

Permian Resources to Grow Production 6% in 2026

Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…

Battalion Oil Closes ~$60M West Quito Draw Asset Sale

Battalion Oil Closes ~$60M West Quito Draw Asset Sale

Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…

Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale

Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale

ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…

Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank

Premium content Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank

Transaction Overview Devon and Coterra have agreed to merge in an all-stock transaction that will create a large-cap U.S. shale operator with a premier position in the Delaware…

Permian Basin Top Operators (Undrilled Permits)

Company Last 12 Months
Occidental Petroleum Corp 523
Diamondback Energy, Inc. 448
Permian Resources Corp. 373
locked 369
locked 354
locked 230
locked 209
locked 190

Permian Basin Well Completion Trend

Permian Basin Map

Permian Basin Rig Data: August 6, 2026

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 & Acquisitions

Permian Basin Transactions By Quarter ($MM)