Enverus names top 50 U.S. public oil and gas operators of 2024

Enverus has released its list of the most prolific 50 public oil and gas operators in the U.S. based on gross operated production last year. "Oilpatch mergers reshape rankings, but the Permian remains king," Enverus reported.

"Last year, the top 10 public operators represented 56% of production out of the Top 50 on a boe/d basis. Due to mergers, we see that same figure jump to 62% 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% of oil production and 40% of gas production from the Top 50 names comes from this one basin," said Nikhanj.

"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% increase in rig efficiency over this period is driving production growth, even at lower activity levels," Nikhanj said.

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 Enverus' bi-monthly Upstream Pulse report that covers exploration and production, deals and capital markets for the North American and global oil and gas sector.

To request the full list, click here.