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

Permian Basin Rig Count
(as of 05/09/2021)

  Count Change From
Previous Week
Change From
Previous Year
Gas Count 9 -1 8
Injection Count 1 No change 1
Oil Count 189 -4 -27
Oil & Gas Count 25 3 24

Top Permian Basin Operators By Rig Count/Locations
(as of 05/09/2021)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 20 19 +1 +8
Devon Energy Corp 13 14 -1 +3
Subscribe to See 12 12 --- +11
Subscribe to See 12 14 -2 +6
Subscribe to See 11 12 -1 +6
Subscribe to See 9 10 -1 +7
Subscribe to See 9 8 +1 -6
Subscribe to See 8 9 -1 +4
Subscribe to See 7 7 --- +5
Subscribe to See 7 7 --- +7


Top Permian Basin County By Rig Count/Locations
(as of 05/09/2021)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 42 44 -2 +11
MIDLAND 30 33 -3 -4
Subscribe to See 27 30 -3 -14
Subscribe to See 21 20 +1 +8
Subscribe to See 19 19 --- -1


 Permian Basin Top Operators
(Undrilled-Permits)
Company    Last 12 Months
EOG Resources, Inc.    351
Devon Energy Corp    303
Occidental Petroleum Corp    292
   176
   157
   108
   94
   87

   Drilling Permits Trends ( Last 24 Months)


Permian Basin - Drilling Permits ( April 09, 2021 - May 09, 2021)
Date Approved county Well Name Well type Well Bore Type Field/Zone Well Status
Cp Exploration Iii Operating,llc
04-23-2021 Loving B And B State 4h Oil Horizontal Phantom (wolfcamp) Undrilled
04-23-2021 Loving B And B State A 5h Oil Horizontal Phantom (wolfcamp) Undrilled
Saturn Swd Operating LLC
04-23-2021 Culberson F C Swd C 3 Swd Vertical Ford, West (wolfcamp) Undrilled
04-23-2021 Culberson F C Swd D 4 Swd Vertical Ford, West (wolfcamp) Undrilled
04-23-2021 Culberson F C Swd E 5 Swd Vertical Ford, West (wolfcamp) Undrilled
Royal Dutch Shell
04-23-2021 Loving Permit 76-44 Lov Unit 3h Oil Horizontal Phantom (wolfcamp) Undrilled
04-23-2021 Loving Permit 76-44 Lov Unit 1h Oil Horizontal Phantom (wolfcamp) Undrilled
04-23-2021 Scurry R. H. Odom \'a\' 7 Oil Vertical Tonto (1700) Undrilled
04-23-2021 Howard White 19-35 B Unit A 7h Oil Horizontal Spraberry (trend Area) Undrilled
04-23-2021 Lea Morab 29 20 Federal Com #332h Oil Horizontal Undrilled

  Permian Basin - Drilling Activity (2016 - 2021 YTD)


 Permian Basin - Well Completion Trend


Completions By
Company
2019(YTD)
Count
ExxonMobil 896
Pioneer Natural Resources Co. 653
EOG Resources, Inc. 585
580
561
Completions By
County
2019(YTD)
Count
Midland 1365
Reeves 1225
Martin 1159
991
845

 Permian Basin Map

 Permian Basin Rig Data : May 9, 2021


Drilling Trends from May 4, 2011 - May 9, 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 $87
Subscribe to See Subscribe to See Subscribe to See Subscribe to See ---
04/01/2021 Pioneer Natural Resources Co. DoublePoint Energy LLC Pioneer to Acquire PE-Backed DoublePoint for $6.4 Billion $6,500
04/01/2021 Earthstone Energy Inc. Tracker Resource Development III Llc Earthstone Acquires Permian PE-Backed E&P for $126 Million $127
02/01/2021 Surge Operating, LLC Grenadier Energy Partners II LLC Surge Inks $420MM Deal for Midland Basin Property $420
12/21/2020 Diamondback Energy, Inc. Guidon Energy Diamondback Acquires PE-backed Guidon Operating $821
12/21/2020 Diamondback Energy, Inc. QEP Resources, Inc. Diamondback Energy Acquires 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
 

  Permian Basin Transactions By Quarter ($MM)