Enverus, an energy-dedicated SaaS company that leverages generative AI across its solutions, released on Jan. 8 its list of the most prolific 50 public oil and gas operators in the United States, based on gross operated production last year. “Last year, the top 10 public operators represented 56 percent of production out of the Top 50 on a boe/d basis. Due to mergers, we see that same figure jump to 62 percent of production, in part due to Pioneer Natural Resources joining ExxonMobil, and Chesapeake and Southwestern rolling together into the newly formed Expand Energy,” said Manuj Nikhanj, CEO of Enverus. “It’s clear that the Permian is still the king, and the most active region operated by the Top 50 operators. Seven of the top 10 have the Permian as their most active region. Volume-wise, the Permian also dominates the rankings—81 percent of oil production and 40 percent of gas production from the Top 50 names comes from this one basin. A snapshot of rig counts provide some color on operator sentiment, too. The Top 50 names were running a total of 298 rigs at the time of list compilation, compared to 322 from the prior year at a similar point in time. Notwithstanding the pull back, the approximately 10 percent increase in rig efficiency over this period is driving production growth, even at lower activity levels.”
This Top Public Operators list, compiled utilizing Enverus data, factors in last year’s mergers and features well breakdown by oil, liquids, and gas production, total company well counts, and recent rig count changes. The list was featured in Upstream Pulse from Enverus, a bi-monthly report that covers exploration and production, deals and capital markets for the North American and global oil and gas sector.
