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Permian Basin Rig Count
(as of 07/04/2020)

  Count Change From
Previous Week
Change From
Previous Year
Gas Count 4 2 -11
Oil Count 129 1 -242
Oil & Gas Count 8 2 -10

Top Permian Basin Operators By Rig Count/Locations
(as of 07/04/2020)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 29 31 -2 -17
Diamondback Energy, Inc. 10 10 --- -13
Subscribe to See 9 9 --- -11
Subscribe to See 9 10 -1 ---
Subscribe to See 8 8 --- -10
Subscribe to See 7 5 +2 +3
Subscribe to See 7 7 --- -12
Subscribe to See 5 4 +1 -3
Subscribe to See 4 4 --- -16
Subscribe to See 4 4 --- -1


Top Permian Basin County By Rig Count/Locations
(as of 07/04/2020)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 32 34 -2 -14
LEA 19 20 -1 -29
Subscribe to See 16 14 +2 -22
Subscribe to See 14 13 +1 -29
Subscribe to See 13 12 +1 -18


 Permian Basin Top Operators
(Undrilled-Permits)
Company    Last 12 Months
EOG Resources, Inc.    348
ExxonMobil    283
Occidental Petroleum Corp    253
   198
   175
   174
   159
   122

   Drilling Permits Trends ( Last 24 Months)


Permian Basin - Drilling Permits ( June 04, 2020 - July 04, 2020)
Date Approved county Well Name Well type Well Bore Type Field/Zone Well Status
BPX Energy
06-23-2020 Reeves State Daltexas Ranger 56-t2-11x2 W206h Oil & Gas Horizontal Phantom (wolfcamp) Undrilled
06-23-2020 Reeves State Daltexas Ranger 56-t2-11x2 X103h Oil & Gas Horizontal Phantom (wolfcamp) Undrilled
WaterBridge Resources LLC
06-26-2020 Ward Escalera Swd 1 Swd Vertical Wil-john (delaware Sand) Undrilled
06-23-2020 Ward Gulfstream Swd 1 Swd Vertical Quito, South (olds Delaware) Undrilled
Titus Oil & Gas Production, LLC
06-23-2020 Loving Rebel 31 Federal 321h Oil Horizontal Phantom (wolfcamp) Undrilled
06-23-2020 Reeves North Reeves Swd 57-t2-3 3v Swd Vertical Jess Burner (delaware 3800) Undrilled
06-23-2020 Reeves North Reeves Swd 57-t2-3 4v Swd Vertical Jess Burner (delaware 3800) Undrilled
06-19-2020 Martin Pronghorn Swd 1 Swd Vertical Glass (grayburg) Undrilled
06-16-2020 Pecos Rifle Canyon Unit 1 Oil Vertical Thigpen (strawn) Undrilled
06-16-2020 Andrews Fee 'bz' 1 Swd Vertical Lowe, West (strawn) Undrilled

  Permian Basin - Drilling Activity (2016 - 2020 YTD)


 Permian Basin - Well Completion Trend


Completions By
Company
2019(YTD)
Count
ExxonMobil 687
Pioneer Natural Resources Co. 461
Occidental Petroleum Corp 444
430
424
Completions By
County
2019(YTD)
Count
Reeves 996
Midland 903
Martin 779
690
560

 Permian Basin Map

 Permian Basin Rig Data : July 4, 2020


Drilling Trends from May 4, 2011 - July 4, 2020

 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 $100
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $55
05/04/2020 Pure Acquisition Corp. HighPeak Energy Pure Acquisition To Acquire HighPeak in $845 Milliion Permian Deal $845
04/14/2020 Not Disclosed Ring Energy Inc. Ring Energy Sells Off Delaware Basin Asset for $31.5 Million $32
02/17/2020 Not Disclosed Lilis Energy Inc. Lilis Sells Delaware Basin Acreage for $25MM as Debt Load Mounts $24
02/12/2020 Laredo Petroleum Inc. Not Disclosed Laredo Petroleum Bolts On Midland Basin Acreage for $22.5MM $23
02/04/2020 Alpine Energy Capital Approach Resources, Inc. CANCELLED : Alpine Energy Capital Acquires Approach Resources $193
01/23/2020 BlackGold Capital Management Not Disclosed BlackGold Acquires Midland Basin Mineral Rights ---
01/09/2020 Kimbell Royalty Partners LP Springbok Energy Springbok Sells Mineral Interests to Kimbell for $175MM; Multiple Plays $175
12/16/2019 WPX Energy, Inc. Felix Energy Llc WPX Acquires Permian Focused Felix Energy for $2.5 Billion $2,500
 

  Permian Basin Transactions By Quarter ($MM)