The Permian Basin is one of the most prolific oil and natural gas-producing regions in the world, located in the southwestern United States. It is a large sedimentary basin that spans parts of West Texas and southeastern New Mexico. The click the map below to find the rig you are looking to locate.
Permian Basin Rig Finder Map (click to access)
Summary of Contractor and Rig Activity in the Permin 2024
- Top Operators by Rigs:
- XTO Energy Inc.: 40 rigs
- Diamondback Energy: 29 rigs
- OXY USA Inc.: 25 rigs
- Mewbourne Oil Company: 20 rigs
- EOG Resources, Inc.: 20 rigs
- Likelihood Analysis:
- Working with the Same Account:
- On average, contractors and rigs are 73.44% likely to work with the same operator throughout the year.
- Operating in the Same County:
- The likelihood of a contractor and rig operating within the same county is 48.80%, indicating moderate movement across counties.
- Operating on the Same Lease:
- Contractors and rigs are 13.26% likely to remain on the same lease, showing significant mobility across leases.
- Working with the Same Account:
Conclusion
While some contractors and rigs show strong alignment with specific operators, they are often deployed across multiple counties and leases, reflecting the dynamic nature of oil and gas operations in 2024. This mobility allows operators to optimize resources, balancing the need for efficiency with strategic flexibility across regions.
