Mewbourne Oil Company drilled a total of 76 wells this year, which is 13 fewer wells compared to the same period last year. Most drilling activity occurred in New Mexico (51 wells, down by 9 YoY), Oklahoma (13 wells, up by 2 YoY), and Texas (12 wells, down by 6 YoY). The company continues to rely heavily on Patterson rigs, with Patterson 594, 263, and 260 being the most used rigs, showing mixed performance changes compared to last year.

Total Wells Drilled

Mewbourne Oil Company has drilled a total of 76 wells so far this year, reinforcing its position as a key player in the oil and gas sector. This represents a decrease of 13 wells compared to the same period last year.

Wells Drilled by State

Drilling activity has been concentrated in several key States:

NM: 51 wells (-9 YoY)
OK: 13 wells (+2 YoY)
Texas: 12 wells (-6 YoY)

Wells Drilled by County

Breaking down the numbers further, Mewbourne Oil Company has focused its operations in the following counties:

EDDY – 31 wells (-15 YoY)
LEA – 20 wells (+6 YoY)
ELLIS – 8 wells (+1 YoY)
LOVING – 4 wells (-9 YoY)
REEVES – 4 wells (+2 YoY)
ROGER MILLS – 3 wells (+3 YoY)
CUSTER – 1 well (-1 YoY)
DEWEY – 1 well (-1 YoY)
LIPSCOMB – 1 well (0 YoY)
OCHILTREE – 1 well (0 YoY)
OCHILTREE (TX) – 1 well (+1 YoY)
WINKLER – 1 well (+1 YoY)
HEMPHILL – 0 wells (-1 YoY)

Wells Drilled by Drilling Provider and Contractor & Rig

Mewbourne Oil Company has partnered with various drilling contractors, employing different rigs across its projects. The top 10 rigs used include:

Patterson 594 – 6 wells (+4 YoY)
Patterson 263 – 5 wells (0 YoY)
Patterson 260 – 5 wells (0 YoY)
Patterson 558 – 4 wells (0 YoY)
Patterson 562 – 4 wells (+1 YoY)
Patterson 559 – 4 wells (+1 YoY)
Patterson 560 – 4 wells (-1 YoY)
Patterson 270 – 4 wells (+1 YoY)
Patterson 267 – 4 wells (+2 YoY)
Patterson 575 – 3 wells (-4 YoY)

Conclusion

Mewbourne Oil Company has shown steady drilling activity with a total of 76 wells drilled this year, despite a decrease of 13 wells compared to the same period last year. The company’s operations remain heavily focused on New Mexico, Oklahoma, and Texas, with varying performance across counties. Continued reliance on Patterson rigs demonstrates consistent partnerships with drilling contractors, while areas of decline highlight potential opportunities for strategic adjustments to enhance operational efficiency and output.