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Permian Basin Rig Count
(as of 02/24/2021)

  Count Change From
Previous Week
Change From
Previous Year
Gas Count 9 -2 1
Injection Count 1 No change 1
Oil Count 141 -10 -241
Oil & Gas Count 44 14 36

Top Permian Basin Operators By Rig Count/Locations
(as of 02/24/2021)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 13 13 --- -9
Occidental Petroleum Corp 11 12 -1 -7
Subscribe to See 10 7 +3 +1
Subscribe to See 10 14 -4 -9
Subscribe to See 9 9 --- -48
Subscribe to See 9 9 --- -8
Subscribe to See 8 8 --- -1
Subscribe to See 7 7 --- +1
Subscribe to See 7 8 -1 -16
Subscribe to See 6 5 +1 +1


Top Permian Basin County By Rig Count/Locations
(as of 02/24/2021)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 30 36 -6 -24
EDDY 28 24 +4 -32
Subscribe to See 19 18 +1 -19
Subscribe to See 19 22 -3 -20
Subscribe to See 18 16 +2 -25


 Permian Basin Top Operators
(Undrilled-Permits)
Company    Last 12 Months
EOG Resources, Inc.    472
Occidental Petroleum Corp    290
Devon Energy Corp    248
   176
   169
   150
   108
   101

   Drilling Permits Trends ( Last 24 Months)


Permian Basin - Drilling Permits ( January 25, 2021 - February 24, 2021)
Date Approved county Well Name Well type Well Bore Type Field/Zone Well Status
Stronghold Energy II LLC
02-05-2021 Crane Tubb, J.b., Etal Tr. -c- 7 Oil Vertical Running W, N. (holt) Undrilled
Park Hill Disposal LLC
02-05-2021 Midland Phl Swd 2 Swd Vertical Spraberry (trend Area) Undrilled
ExxonMobil
02-04-2021 Glasscock Zant Weyman 1421 1421sh Oil & Gas Horizontal Spraberry (trend Area) Undrilled
02-04-2021 Glasscock Zant Weyman 1411 1411ah Oil & Gas Horizontal Spraberry (trend Area) Undrilled
02-04-2021 Glasscock Zant Weyman 1422 1422sh Oil & Gas Horizontal Spraberry (trend Area) Undrilled
02-04-2021 Glasscock Zant Weyman 1421 1401bh Oil & Gas Horizontal Spraberry (trend Area) Undrilled
02-04-2021 Midland Gbg Cronus 41-5 D 0241jm Oil & Gas Horizontal Spraberry (trend Area) Undrilled
02-04-2021 Midland Gbg Cronus 41-5 E 0242ls Oil & Gas Horizontal Spraberry (trend Area) Undrilled
02-04-2021 Midland Gbg Cronus 41-5 G 0244ls Oil & Gas Horizontal Spraberry (trend Area) Undrilled
02-03-2021 Howard Long 350 Swd 1 Swd Vertical Spraberry (trend Area) 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 1350
Reeves 1194
Martin 1109
966
830

 Permian Basin Map

 Permian Basin Rig Data : February 24, 2021


Drilling Trends from May 4, 2011 - February 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 $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)