Data, Stats, News & Info

Midland Basin Data, History & Stats

This guide provides information about the Midland Basin, oil and gas data, history, top operators, and other facts.

Counties

Overview

Midland Basin Oil and Gas

The Midland Basin is part of the larger Permian Basin, the most prolific oil-producing region in the United States.

The Midland Basin played a pivotal role in revolutionizing the oil and gas industry through the widespread adoption of horizontal drilling and hydraulic fracturing.

Midland Basin: Subbasin of the largest oil-producing region in the US.

The region has been producing for nearly a century and still contains massive resources of oil and gas. In April of 2022, The Permian Basin accounted for 43.6% of oil production within the U.S. and nearly 15% of gas production. 

What is the Midland Basin?

The Midland Basin, the eastern sub-basin of the Permian Basin, is a major oil and natural gas producing region located in West Texas, USA.

Spanning an extensive area of approximately 20,000 square miles (52,000 square kilometers), the Midland Basin is bounded by the Central Basin Platform to the west. Its geological richness and significant hydrocarbon resources have made it a focal point of exploration and production activities.

Horizontal Rig Count

Midland Basin Rig Count - Source: Baker Hughes

The Midland Basin: History, Data and Facts

The Midland Basin, nestled within the vast expanse of the Permian Basin, boasts a geological heritage that spans millions of years. Shaped by ancient seas, tectonic forces, and sedimentary processes, the basin is a testament to the Earth’s dynamic history.

This region in West Texas and southeastern New Mexico has emerged as a powerhouse in the United States energy landscape. With abundant reserves of oil and natural gas, the Midland Basin has become a focal point of exploration and production activities, fostering economic growth and securing the nation’s energy future.

When and how did it start?

The Midland Basin has a notable history of oil exploration and production, dating back to the early 1900s. However, it was the application of horizontal drilling and hydraulic fracturing in the 21st century that transformed the subbasin’s oil industry.

The discovery and development of the Wolfcamp Formation, part of the Permian-aged rocks, unleashed an oil boom of unprecedented proportions. The Wolfcamp’s vast oil reserves, estimated to hold billions of barrels, have made the Midland Basin a leading oil-producing region in the United States. As a result, the basin has consistently contributed a significant portion of the nation’s daily oil production, bolstering the country’s energy security and fostering economic growth.

ghows-TX-86fb37ac-9002-47d8-aae5-adf6d9ae8ca8-05e8f4aa
Horizontal Well Daily Oil Production [bo/d]
Number of horizontal wells in the Midland Basin

Top 20 counties [March 2013 - March 2023]

Horizontal Well Daily Oil Production [bo/d] of the Top 20 Counties
Ranking County Horizontal Well Count - March 2023 Daily Production (bo/d) - March 2023
1 Midland (TX) 4.683 605.447
2 Martin (TX) 3.616 538.365
3 Howard (TX) 2.584 354.811
4 Upton 2.066 251.283
5 Glasscock 1.522 158.222
6 Reagan 2.108 135.052
7 Andrews 535 101.396
8 Borden 183 26.746
9 Irion 915 23.417
10 Ector 152 16.739
11 Crockett (TX) 649 7.053
12 Dawson (TX) 53 5.367
13 Gaines 16 267
14 Sterling 11 201
15 Schleicher 32 72
16 Terry 11 72
17 Tom Green 5 71
18 Garza 9 34
19 Yoakum 1 31
20 Lynn 3 11

Top 50 oil operators [March 2013 - March 2023]

Horizontal Well Daily Oil Production [bo/d] of the Top 50 operators
Ranking Operator Horizontal Well Count - March 2023 Daily Production (Bo/d) - March 2023
1 Pioneer Natural Resources 3,713 499,377
2 Diamondback 2,082 248,351
3 Endeavor Energy 1,085 209,548
4 Ovintiv 995 134,197
5 ConocoPhillips 1,069 131,780
6 Exxon Mobil 1,085 124,813
7 Birch Resources 359 97,061
8 Crownquest 635 86,076
9 SM Energy 557 65,738
10 Chevron 441 65,499
11 Vital Energy 790 61,971
12 Surge Energy 587 48,554
13 Occidental 454 46,472
14 Highpeak Energy 189 43,902
15 Apache 726 42,053
16 Civitas Resources 129 40,191
17 Earthstone Energy 947 29,001
18 Summit Petroleum 134 21,411
19 Callon 268 19,427
20 Vencer Energy 282 19,048
21 Fasken Oil 88 18,477
22 Henry Resources 102 16,356
23 Sequitur Energy Resources 425 14,424
24 TRP Energy 48 14,154
25 Bayswater 70 13,406
26 Discovery Operating 65 12,979
27 Triple Crown Resources 169 11,723
28 Permian Deep Rock 68 10,966
29 Double Eagle Energy IV 16 10,924
30 RP Operating 37 9,010
31 Discovery Natural Resources 185 7,319
32 Revenir Energy 78 6,227
33 Murchison Oil & Gas 49 4,733
34 MCM 6 4,278
35 RRP Operating 390 4,083
36 BTA Oil 33 3,639
37 Element Petroleum III 30 3,497
38 Sinclair Oil & Gas 10 3,179
39 Maverick Natural Resources 10 3,171
40 Zarvona Energy 274 2,921
41 Cutbow Operating 6 2,699
42 Reliance 13 2,094
43 Hannathon Petroleum II 156 1,834
44 Mewbourne Oil 10 1,158
45 Circle-S Energy 13 1,035
46 Oxbow Petroleum 3 683
47 Slant Operating 10 577
48 Pinon Resources 7 496
49 Winn Operating 30 344
50 Spirit O&G 18 324

Looking for the latest Midland Basin oil & gas data?

We provide the most accurate, timely, and complete upstream data, driven by Novi’s industry-leading data science expertise.

The Midland Gas Production

When and how did it start?

While the Midland Basin is renowned for its oil production, it also boasts substantial reserves of natural gas.

The exploitation of natural gas resources gained momentum alongside the advancements in horizontal drilling and hydraulic fracturing, as associated gas is produced alongisde the oil. As a result, the basin has witnessed a significant increase in natural gas production, contributing to the country’s natural gas supply. 

Gas production over the last 10 years

Horizontal Well Daily Gas Production [Mcf/d]

Top 20 counties [March 2013 - March 2023]

Horizontal Well Daily Gas Production [Mcf/d] of the Top 20 Counties
Ranking County Horizontal Well Count - March 2023 Daily Production (Mcf/d) - March 2023
1 Midland (TX) 4,688 2.148,969
2 Martin (TX) 3,611 1.365,106
3 Upton 2,063 995,381
4 Reagan 2,108 949,809
5 Howard (TX) 2,586 870,887
6 Glasscock 1,523 666,114
7 Tom Green 5 516
8 Irion 914 347,031
9 Andrews 534 178,085
10 Sterling 11 165
11 Crockett (TX) 652 123,033
12 Mitchell (TX) 2 70
13 Gaines 16 53
14 Ector 151 29,142
15 Borden 182 23,711
16 Dawson (TX) 53 3,679
17 Schleicher 32 2,632
18 Terry 11 2
19 Garza 9 1
20 Lynn 3 0

Top 50 natural gas operators [March 2013 - March 2023]

Horizontal Well Daily Gas Production [Mcf/d] of the Top 50 Operators
Ranking Operator Horizontal Well Count - March 2023 Daily Production (Mcf/d) - March 2023
1 Pioneer Natural Resources 3,713 1.771,076
2 Diamondback 2,082 694,200
3 Exxon Mobil 1,085 628,803
4 Endeavor Energy 1,085 603,042
5 ConocoPhillips 1,069 404,076
6 Ovintiv 995 355,916
7 Crownquest 635 345,425
8 Vital Energy 790 336,525
9 Earthstone Energy 947 296,277
10 SM Energy 557 230,130
11 Birch Resources 359 226,092
12 Apache 726 224,316
13 Chevron 441 172,003
14 Sequitur Energy Resources 425 145,275
15 Occidental 454 141,823
16 Surge Energy 587 129,690
17 Vencer Energy 282 124,651
18 Civitas Resources 129 107,833
19 Discovery Natural Resources 185 77,165
20 RRP Operating 390 77,015
21 Triple Crown Resources 169 71,611
22 Summit Petroleum 134 66,930
23 Callon 268 55,422
24 Henry Resources 102 49,802
25 Hannathon Petroleum II 156 42,571
26 Highpeak Energy 189 41,294
27 Zarvona Energy 274 38,879
28 Permian Deep Rock 68 28,132
29 Fasken Oil 88 27,051
30 TRP Energy 48 26,754
31 Discovery Operating 65 23,500
32 Bayswater 70 23,033
33 Revenir Energy 78 17,724
34 Double Eagle Energy IV 16 13,794
35 BTA Oil 33 12,741
36 Circle-S Energy 13 10,834
37 RP Operating 37 10,537
38 Murchison Oil & Gas 49 6,124
39 Maverick Natural Resources 10 5,886
40 Cutbow Operating 6 4,977
41 MCM 6 4,349
42 United Production Partners 37 2,753
43 Mewbourne Oil 10 2,415
44 Sinclair Oil & Gas 10 2,144
45 Burk Royalty 15 1,910
46 FDL 3 1,865
47 Prime Operating 6 1,807
48 Element Petroleum III 30 1,692
49 Spirit O&G 18 1,299
50 Winn Operating 30 1,148

Natural resources in the Midland Basin

The Midland Basin is known for its abundant hydrocarbon resources, but it also contains other valuable natural resources. Among them are salt and potash, which are found within the Permian Salado Formation.

The Midland Basin’s salt deposits have been significant, forming thick layers over millions of years. These salt deposits resulted from the evaporation of ancient seas that once covered the region. The Permian Salado Formation hosts extensive salt beds, making it a vital source of rock salt, also known as halite. Halite has been mined as a valuable resource and is used in various industries, including chemical production and de-icing applications.

In addition to halite, the Midland Basin’s Permian Salado Formation contains potash-rich deposits, such as Sylvite and Langbeinite. Potash is a crucial source of potassium, an essential nutrient for plant growth and agriculture. Sylvite was first discovered in the basin in the early 20th century, and its yields have been instrumental in the production of potassium salts, commonly referred to as potash. These potash-rich minerals were deposited as evaporites during periods of sea-level fluctuations in the ancient Permian seas.

The exploitation of these salt and potash resources in the Midland Basin has added further economic value to the region. While hydrocarbons remain the primary focus, the presence of these other natural resources has diversified the basin’s industrial potential and underscored its significance beyond the energy sector.

The Midland Basin formations

The Midland Basin, a prominent sub-basin of the vast Permian Basin, is a geological marvel with a history dating back millions of years. Its formation is rooted in the late Paleozoic and early Mesozoic eras, shaped by the interplay of tectonic forces and the gradual accumulation of sediment over time.

The basin’s origin can be attributed to the subsidence of the Earth’s crust due to complex tectonic processes in southwestern North America, creating a depression that served as a receptive basin for sediments.

The Midland Basin is a dynamic and intricate geological feature, marked by its unique sub-basins, structural complexities, and diverse stratigraphy.

Major formations:

Delaware Mountain Group

The Delaware Mountain Group is a series of sedimentary formations located within the Midland Basin. These formations are characterized by their geological diversity and the valuable resources they contain.

Spraberry Formation

The Spraberry Formation is a significant geological unit within the Midland Basin. It is known for its abundant hydrocarbon reserves and has played a crucial role in the basin’s reputation as a major oil-producing region. The formation is primarily composed of a mix of sandstone, siltstone, and shale layers.

Dean

The Dean Formation is another important geological unit found within the Midland Basin. While not as widely recognized as formations like the Wolfcamp or Spraberry, the Dean Formation has contributed to the basin’s hydrocarbon production.

Wolfcamp Formation

The Wolfcamp Formation is a prominent sedimentary unit within the Midland Basin, encompassing a vast area of West Texas and southeastern New Mexico. It has gained widespread attention due to its immense hydrocarbon potential, making it a key contributor to the United States’ oil and gas production.

Novi Labs Blog

Check our Latest Permian basin News and Updates​

Not sure how Novi's data best fits your needs?

Book your personalized demo with our team

We can walk through your requirements, answer questions, and review ways Novi Labs can help your organization.

Meet Novi Labs' knowledgeable experts.

Invite to Speak

Our team of experts is passionate about sharing valuable insights on US energy. Please provide us some information about your event, and we will get back to you as soon as we can

Date
This field is for validation purposes and should be left unchanged.