Permian Basin

Permian Basin Exclusives

Pricing appears to have bottomed for well stimulation services in the traditional dry gas shales, including the Barnett, Haynesville and dry Woodford.

Analyst downgrades EOG, Pioneer Natural Resources and Cimarex despite strong management, liquidity and resources because they appear near the high end of their trading ranges.

Sand use per well rises, but fewer wells result in lower proppant demand. Sand pricing is down as much as 50% versus peak ceramics rapidly losing marketshare.

Permian - Texas Drilling Permits Trends

7 Day Trend103 (-26)
30 Day Trend448 (+25)
1 Year Trend10252 (+1445)
View Permits

Permian Basin Service Companies

Permian Basin Gross Acreage

Company Net Acreage
Occidental 1,935,000
Apache 1,700,000
Chevron 1,319,000
Devon/Sumitomo 1,280,000
All Top Acreage Holders