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Colorado Oil & Gas Activity Snapshot

Twelve-month drilling permits, spuds and first production, the DUC-proxy backlog, permit-to-spud cycle times and Colorado counties ranked by activity momentum. Each figure is a count, percentile or index Buckhead Energy computes from grouped records; no individual well is listed.

Last computed: 2026-11-01

Quick answer: Over the last 12 months Colorado recorded at least 722 drilling permits, 668 spuds and 523 wells reaching first production, by Buckhead Energy’s count; 745 wells sit in the DUC proxy with a median of 197 days since spud. Arapahoe County ranks first by activity momentum score (828). Monthly counts under 3 are withheld, so totals are floors.

Frequently Asked Questions

How much drilling activity is there in Colorado?

In the last 12 complete months: at least 722 drilling permits, 668 spuds and 523 wells reaching first production. Each total adds published monthly counts, so it is a floor.

How many Colorado wells are drilled but not producing?

745 wells were spudded in the last three years with no first production reported yet. This DUC proxy includes dry holes, injection wells and reporting lag, so it is not a completion queue.

How long do Colorado wells take from permit to spud?

The median permit 6 to 36 months old reached spud in 106 days, and the median spud 12 to 36 months old reached first production in 218 days.

What is the activity momentum score?

It multiplies the change in a county’s permits by the change in its oil and gas production, comparing the last 12 months with the 12 before, and scales the result so 100 means both held level. It describes activity trends, not value.

Permits, last 12 months
722
Spuds, last 12 months
668
First production, last 12 months
523
Wells in the DUC proxy
745
DUC-proxy median age
197 days
DUC backlog change
-25.6%
Median permit to spud
106 days
Median spud to first production
218 days

Colorado counties by activity momentum (top 10)

Ranked by momentum score: the change in drilling permits times the change in county oil and gas production, last 12 months against the 12 before. 100 means both held level. Counties without enough published data in both windows are not scored.

CountyMomentumPermits changeProduction change
Arapahoe828+1200%-36%
Rio Blanco134+28%+4%
Larimer115-33%+73%
Weld102+5%-3%
Las Animas18-80%-9%

Colorado cycle times (percentiles, days)

Permit to spud uses permits 6–36 months old; spud to first production uses spuds 12–36 months old. Percentiles resting on fewer than 5 wells show n<5.

StageWells25th pctMedian75th pct
Permit to spud1,40842106204
Spud to first production1,259148218318

Top 10 Colorado operators by wells operated

Ranked by wells operated on record, not production or value. See the full leaderboard.

OperatorWells operatedTop formation
Noble Energy 10,484 Muddy J Sand
Kerr-McGee 9,796 Muddy J Sand
Tep Rocky Mountain 9,046 Mesaverde
PDC Energy 8,542 Muddy J Sand
Qb Energy Operating LLC 6,121 Mesaverde
Own Resources Operating 3,446 Niobrara East
Evergreen Natural Resources LLC 2,505 Pierre -Niobrara
Crestone Peak Resources Operating 2,429 Muddy J Sand
Laramie Energy 2,260 Mesaverde
Simcoe LLC 1,702 Dakota

Top 10 Colorado counties by wells on record

Ranked by total wells on record in the county summary.

CountyWells on record
Weld46,642
Garfield17,406
Rio Blanco7,549
Yuma6,240
Washington5,807
La Plata5,336
Adams5,132
Las Animas4,055
Logan3,926
Morgan3,040

Top 10 Colorado formations and plays by wells on record

Formation or playWells on recordOperators
Muddy J Sand 52,469 1,352
D Sand 14,078 1,344
Niobrara East 6,709 229
Piceance Basin 4,432 394
Pierre -Niobrara 4,208 125
Denver Basin 3,797 335
Las Animas Arch 3,452 435
Dakota 2,350 92
Mancos-Dakota 2,118 155
San Juan Basin 1,831 248

How these figures are computed

Buckhead Energy computes every figure on this page from grouped records in public oil and gas data. The page shows counts, sums, percentiles and indexes only; it does not list individual wells, leases or permits.

Counts under 3 wells and percentiles under 5 wells are withheld; totals are floors.

12-month totals add only the monthly figures that were published, so they are floors, not exact counts.

DUC here is a proxy: a well spudded in the last three years with no first production reported yet. It includes dry holes, injection wells and reporting lag, and does not establish completion status.

Cycle-time cohorts: permit-to-spud uses permits 6–36 months old; spud-to-first-production uses spuds 12–36 months old.

Momentum = 100 × (permits, last 12 months ÷ prior 12 months) × (county oil-and-gas production, last 12 months ÷ prior 12 months). 100 means both held level.

Last computed: 2026-11-01. These figures are informational only and are not a valuation of any mineral or royalty interest.

Own Colorado Mineral Rights?

Statewide activity does not establish anything about a specific tract. Compare these figures with your own lease and statements when considering your mineral rights.

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