3R Operating, LLC is a privately held oil and gas exploration and production (E&P) operator focused on the Permian Basin in West Texas and New Mexico. Below is a concise company summary. Oilgasleads ranks 3R Operating, LLC #24 for companies active in the Permian.
Total wells associated with the operator: ~390 wells in public oil & gas datasets.
3R Operating, LLC
Address:
303 W Wall St, Suite 400
Midland, TX 79701
United States
Main Phone:
(432) 614-3800
3R Operating, LLC — Drilling Activity Summary as of March 2026
| Metric | Value |
|---|---|
| OGL Permian Rank | #24 |
| Rig Count | 1 |
| Wells Drilled (2026 YTD) | 4 |
| Wells Drilled (2025) | 10 |
| Permits – Last 12 Months | 49 |
| Permits – Last 60 Days | 21 |
| Permits (CY + PY-1 + PY-2) | 69 |
Activity Interpretation
Active operator: Currently running 1 rig in the Permian Basin, indicating a steady development program.
Drilling pace: The company drilled 10 wells in 2025 and has drilled 4 wells so far in 2026, suggesting a consistent drilling cadence focused on maintaining production and developing existing acreage.
Permit inventory: 49 permits issued in the last 12 months and 69 permits issued over the last three years show a strong pipeline of drilling locations.
Near-term activity: 21 permits issued in the last 60 days indicate active planning and potential near-term drilling activity.
Wells Drilled Since 2025 — Contractor, Rig and County Summary
| Contractor & Rig | County | Wells Drilled |
|---|---|---|
| H&P 416 | Lea County, NM | 12 |
| H&P 416 | Eddy County, NM | 6 |
| H&P 416 | Winkler County, TX | 1 |
| Total | 19 |
Operational Insight
The dataset indicates that 3R Operating has primarily utilized Helmerich & Payne Rig 416 for its drilling program since 2025.
Most drilling activity has occurred in Lea County, New Mexico, which accounts for the majority of wells drilled during this period. Additional activity has taken place in Eddy County, New Mexico, with a smaller amount of drilling in Winkler County, Texas.
This pattern suggests the company’s core development focus is in the New Mexico portion of the Permian Basin, particularly in Lea County, where operators commonly target productive formations such as the Bone Spring and Wolfcamp intervals.
Short Operator Profile
3R Operating, LLC ranks #24 among Permian operators based on drilling activity. The company currently runs one rig and maintains a steady drilling program, with 10 wells drilled in 2025 and four wells drilled so far in 2026. Since 2025, the operator has drilled 19 wells using Helmerich & Payne Rig 416, primarily in Lea and Eddy counties in New Mexico. With 49 permits issued in the past 12 months and 21 issued in the last 60 days, the company continues to maintain a strong permit inventory that supports ongoing development of its Permian Basin acreage.
