Martin County ranks #3 in the state for BOE produced in the most recent month (Jul 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 11,347 wells that have been drilled from Jan 1993 to Jul 2022.
Martin County, TX ranks #2 in the Mid Continent (TX, OK,NM,LA) for wells drilled in 2022 with 749 wells drilled up to Oct 2022.
Martin County, TX ranks #3 in the Mid Continent (TX, OK,NM,LA) for average drilling rigs operating per month in 2022 with 35 rigs.
Midland County, TX is located in the Midland Basin which encompasses a 13,000 square mile area of West Texas. Martin County is a county in the U.S. state of Texas. As of the 2010 census, its population was 5,237. Its county seat is Stanton. The county was created in 1876 and organized in 1884. It is named for Wylie Martin, an early settler. Until November 2018, Martin County was one of six entirely dry counties in Texas.
The Midland Basin is located in the Permian Basin, which spans western Texas and eastern New Mexico, represents the most prolific hydrocarbon production region in the United States. They accounted for about 30% of U.S. crude oil production and 14% of U.S. natural gas production (measured as gross withdrawals) in 2020. Technology innovations, such as longer lateral wells and multi-well pad drilling, has helped reduce costs and increase productivity in developing oil and natural gas resources in the Permian Basin.