Permian basin companies . companies with no international operations as well as international oil companies (IOCs) and a national oil company (NOC) from Latin America with operations in Latin America, Africa, Europe, Asia and beyond. Energy Production Leading E&P Operators in the U. More Stock News: This Is Bigger The Delaware Basin is the western portion of the Permian Basin, separated from the more developed Midland Basin by the Central Basin Platform. The Howard County system includes 20 connected SWD wells with about 450,000 bbl/d of permitted disposal capacity, Hight describes. The Permian Basin is one of the oldest and most widely recognized oil and gas producing regions in the U. The Delaware constitutes roughly 10,000 square miles, or 6. Feb 12, 2024 · Indeed, the deal will certainly make Diamondback a much bigger company than it has already become over the past decade of Permian growth. The company has steadily grown its output through strategic acquisitions, including the recent $1. S. Headquartered in Midland, Texas, Permian Resources is the second largest pure-play E&P company in the Permian Basin. The combined company would produce roughly 816,000 barrels The Permian-based company, which also offers power generation and equipment rental services, connects to about 10 other water midstream players at its Howard County Super System. Jan 14, 2025 · Seven of the 10 most prolific public oil and gas operators in the U. Before I begin, let me warn you not to look at the price of Permian Resources following oil's Aug 9, 2018 · Permian Basin Royalty Trust (PBT, $9. However, Permian Basin oil companies represent many more medium and smaller independent producers, accounting for 80% of Permian output. Continental Resources (Rockies) was the No. Ring Energy, Inc. Sep 28, 2017 · Companies continue to race into the Permian, jockeying for acreage and buying up increasing positions in the world’s most popular unconventional basin. The increase was more than 8 University of Texas Permian Basin. The majority of our assets are concentrated within the Delaware Basin in Eddy and Lea Counties, New Mexico and Reeves and Ward Counties, Texas. Oil & Gas Industry Pioneer Natural Resources, ConocoPhillips, EOG, Devon Energy, Exxon Mobil… Operator Location Founded (year) Founders Revenue Pioneer Natural Resources Irving, Texas 1997 Scott Sheffield <$20B ConocoPhillips Houston, Texas 2002 L. Jun 1, 2023 · Mewbourne Oil CEO Ken Waits shares the strategy that propelled the 58-year-old private company to the top of the nation’s most prolific play, the Permian Basin. Now, the Permian is making a strong comeback. XTO Energy, OXY USA, and Diamondback Energy saw significant reductions in their well counts compared to 2023. 07 Administration. Permian Basin Operators The Following is a list of active companies and lease operators in the Permian Basin Click the company name below to view well permitted, active rigs, capital budgets, contact information and more. Phillips & Isaac E. Jun 28, 2024 · Two companies that operate primarily in Permian Basin are ranked among the top 10 private operators in the lower 48 states, according to a recent report from Enverus. 19) generates royalty income from oil and gas wells located on the Waddell Ranch site in Crane County, Texas and 33 other Texas locations. ” Permian produced 81 percent of the Jul 20, 2021 · Permian Basin Royalty Trust (PBT) is a medium sized oil and gas trust, with approximately 70% oil production and 30% gas production. Largest operators by average Q2 2023 gross operated production. […] Oct 17, 2019 · This year the company plans to focus 75% of its activity in the Midland, Martin and Upton counties of the Permian Basin, according to the company’s corporate presentation released in August. 816,725. Output in the basin more than quadrupled over the decade, rising from 890,000 barrels per day (bpd) to 4. E. About the Permian Basin. Waddell Ranch is the The Permian Basin is one of the oldest and most widely recognized oil and gas producing regions in the U. PIONEER NATURAL RESOURCES. The Permian Basin covers approximately 86,000 square miles and encompasses 52 counties in New Mexico and Texas. From East to West, the play spans 250 miles and 300 miles from North to South. It is also a combination trust: unit holders have a 75% net Jan 22, 2025 · Matador Resources, with a market capitalization of around $8 billion, has solidified its position as a key player in the Delaware Basin, an integral part of the larger Permian Basin. Jul 16, 2016 · While there are hundreds of energy companies operating in the Permian Basin, less than 10 producers account for 50% of the basin's output and just five large players control the bulk of the Jan 8, 2025 · Below is a summary of the top 15 operators in the Permian Basin by wells drilled in 2024, comparing their activity levels with 2023 to showcase trends and changes across the industry. May 1, 2017 · The Permian Basin success story of his company, Lilis Energy, is yet to be written, but Lilis is off to a promising start with a 6,900-acre toehold in the Delaware Basin (as of March 2017) and plans to expand the contiguous acreage to 10,000. The industry saw a drastic reduction in rigs and fracking crews and had to close some operations as oil prices plummeted, leading to widespread restructuring. *Requires active subscription. We leverage our technical expertise and operational flexibility to optimally develop and add to our portfolio of high-return, long-life inventory, enabling us to deliver leading shareholder returns. Sep 28, 2017 · ExxonMobil is one of the most active Permian operators, with 19 drilling rigs. 4 million barrels in the third quarter, contributing 62% to its total output. last year based on gross operated production are in Permian Basin, including top-ranked ExxonMobil with 1,960,962 boed. Discover the leading oil and gas exploration and production (E&P) companies operating in the Permian Basin. (NYSE American: REI) is headquartered in The Woodlands, Texas and is an oil and natural gas exploration and production company with current operations in the Permian Basin of West Texas -- recognized as the top producing oil basin in North America. 4 million acres, extending from the southern New Mexico counties of Eddy, Lea and Chaves counties and southward into the western Texas counties . Encana’s fiscal year 2019 plans in the Permian include having 105 to 120 net wells drilled and onstream. 8 billion purchase of Ameredev II, which closed in September Mar 5, 2019 · Sourcewater gathers oilfield business activity data from its online water marketplace, which has more than 5,000 water and saltwater disposal capacity listings in the Permian Basin. The highest-producing wells in the Permian are drilled by independents. 3 million bpd. Permian Resources (NYSE:PR) is an oil and gas exploration company solely focused on the Permian Basin. Apr 2, 2025 · Our operations are concentrated in the core of the Delaware Basin and include over 450,000 net leasehold acres across the Permian Basin, making us the second largest pure-play E&P in the Permian Basin. 1 private operator in 2023 with 690,299 boed, Mewbourne Oil (Permian) was fourth with 408,754 boed, and Endeavor Energy (Permian) was The Permian Basin has attracted significant attention and investment from all the supermajors except Total, including Chevron, ExxonMobil, Shell, BP, and ConocoPhillips. Enverus said last week the Permian “is still the king and the most active region operated by the top 50 operators. Permian Basin Companies Showing 4 of 859 Active Companies The Following is a list of active companies and lease operators in the Permian Basin Click the company name below to view well permitted, active rigs, capital budgets, contact information and more. Jun 25, 2024 · Midland, TX-headquartered Diamondback Energy is an independent oil and gas exploration & production company with its primary focus on the Permian Basin, where it has more than 490,000 net acres Oil & Gas E&P Producers at the Forefront of U. Explore top producers driving growth in this key energy region. The company reports that 14 of these are operating in the Midland basin, and four are currently drilling in the New Jan 25, 2025 · Enverus ranks Exxon Mobil as the top oil operator, highlighting the Permian Basin's dominance in production. The Permian is an oil basin that has Building a Successful E&P in the Permian Basin. The company gathers these data from satellite imagery computer vision analytics, which detect and measure every frac water impoundment and well pad in the Permian Dec 9, 2020 · The company currently owns roughly 49,000 acres in the Permian Basin and produced 4. Nov 2, 2022 · The Permian Basin has attracted the attention of U. Feb 28, 2024 · The Permian Basin, America's prime oil region, faced significant challenges during the COVID-19 pandemic. llbsc ejala dgpyr zxmsfb ybjza imzopun pnxt qwzwrkje bqxfrxz zuqc xgauv szvph eknza hrszpk ohqhur

Permian basin companies. Energy Production Leading E&P Operators in the U.