ExxonMobil is the only one of the top seven U.S. operators to report an increase in active drilling rigs in the past year, according to Enverus’ latest Drill Down Report. ExxonMobil is the leading operator in both U.S. and Permian Basin.
In the U.S., ExxonMobil reported 39 working rigs as of July 4 (weekly average of 36.9 for an increase of 1 rig from 35.9 this time last year). Also in the U.S., Occidental Petroleum reported 28 rigs (weekly average of 27.0 for a decline from 30.9 this time a year ago). Other leaders as of July 4 include ConocoPhillips with 27 rigs (weekly average of 26.4 for a decline from 38.3 this time a year ago), EOG Resources with 24 rigs (weekly average of 23.9 for a decline from 24.9 this time a year ago), Mewbourne Oil with 21 rigs (weekly average of 20.3 for a decline from 23.1 this time a year ago), Devon Energy with 20 rigs (weekly average of 18.6 for a decline from 28.4 this time a year ago) and Continental Resources with 17 rigs (weekly average of 16.6 for a decline from 21.3 this time a year ago).
In the Permian Basin as of July 4, ExxonMobil led with a weekly average of 35.9 rigs followed by Occidental with 22.0, EOG with 15.9, Mewbourne with 14.3, ConocoPhillips with 14.0, Devon Energy with 13.0, Permian Resources with 11.6 and Diamondback Energy with 11.0.
Permian reported a decline in permits from a year ago. As of June 20, the trailing 30-day permit total was 714 (down from 816 a year ago). Permian also leads in frac crews (100 as of June 20 compared to 91 the previous week and 93 the previous year). Nationally, the number of crews is down to 169 from 186 a year ago. And Permian leads in DUC wells (drilled but uncompleted) with 2,192 as of June 20 compared to 2,143 the previous week and 2,645 the previous year).
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