Below is this week’s comparison of the Top 10 Operators by rig count across Texas, Oklahoma, Louisiana, and New Mexico. The report highlights week-over-week changes in operator activity, including notable gains by Devon Energy Corporation and the latest movement within the Top 10 rankings.
Exxon (XTO) maintained the top position overall, while Continental Resources entered the rankings this week. Several operators remained relatively steady, reflecting continued drilling activity across key basins in the region.
Operator Previous Week Rig Count Last Week Rig Count Change Exxon (XTO) 36 35 -1 Devon Energy Corporation 15 29 +14 Diamondback Energy, Inc. 23 22 -1 ConocoPhillips Company 22 22 0 OXY USA Inc. 20 20 0 EOG Resources, Inc. 16 16 0 Mewbourne Oil Company 17 16 -1 Permian Resources Corporation 11 10 -1 Apex Natural Gas, LLC (“APEX”) 10 9 -1 Coterra Energy (Devon) 14 Not in Top 10 — Continental Resources Not in Top 10 10 New Entry
Key Changes
- Devon Energy Corporation recorded the largest increase, rising from 15 to 29 rigs (+14) and moving into the #2 position.
- Exxon (XTO) remained the top operator despite a slight decline from 36 to 35 rigs.
- ConocoPhillips and OXY USA were unchanged week-over-week.
- Continental Resources entered the Top 10 with 10 rigs.
- Coterra Energy (Devon) dropped out of the Top 10 rankings this week.
- Most other operators saw minor decreases of 1 rig week-over-week.
Author: phinds
