29,827 wells across 657 recorded operators, with 277 drilling permits filed in the 24-month window at summary refresh.
Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-10-24.
Quick answer: The Avalon-Bone Spring formation in New Mexico has 29,827 wells on record across 657 recorded operators, with 277 drilling permits filed in the 24-month window at source refresh. Its operators with the most wells on record are EOG Resources, Devon Energy Production Company, Oxy, COG Operating and Mewbourne Oil Company. Source: Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-10-24.
The operators with the most well counts targeting the Avalon-Bone Spring formation in New Mexico:
| # | Operator | Wells in Avalon-Bone Spring |
|---|---|---|
| 1 | Eog Resources | 3,579 |
| 2 | Devon Energy Production Company | 2,549 |
| 3 | Oxy | 1,772 |
| 4 | Cog Operating | 1,758 |
| 5 | Mewbourne Oil Company | 1,563 |
| 6 | Xto Energy | 1,253 |
| 7 | Matador Production Company | 1,063 |
| 8 | Coterra Energy INC | 927 |
| 9 | Chevron | 696 |
| 10 | Riley Permian Operating | 602 |
The New Mexico counties with the most Avalon-Bone Spring activity:
Eddy, Lea, Chaves
Drilling permits in New Mexico each year, the Avalon-Bone Spring count and share of them, and the median lateral length of those Avalon-Bone Spring permits.
| Year | State permits | This formation | Share | Median lateral |
|---|---|---|---|---|
| 2026 | 2,951 | <3 | — | n<5 |
| 2025 | 4,706 | 244 | 5.2% | 7,360 ft |
| 2024 | 5,467 | 758 | 13.9% | 6,188 ft |
| 2023 | 4,438 | 537 | 12.1% | 7,344 ft |
| 2022 | 4,190 | 480 | 11.5% | 4,682 ft |
| 2021 | 4,967 | 1,796 | 36.2% | 7,902 ft |
| 2020 | 7,102 | 2,492 | 35.1% | 8,680 ft |
| 2019 | 6,850 | 2,254 | 32.9% | 7,489 ft |
Share of each year’s New Mexico drilling permits by target formation, for the formations with the most permits.
| Year | Permian Basin | Avalon-Bone Spring | Nw Shelf Perm-Penn Carbonate | Morrow | Pictured Clliffs | San Juan Basin |
|---|---|---|---|---|---|---|
| 2026 | 96.2% | — | — | — | — | 3.8% |
| 2025 | 78% | 5.2% | 2.4% | 8.7% | 0.2% | 3.5% |
| 2024 | 65.6% | 13.9% | 3.4% | 11.8% | 0.9% | 2.9% |
| 2023 | 65.1% | 12.1% | 2% | 9.8% | 6.1% | 2.7% |
| 2022 | 53.7% | 11.5% | 18.4% | 9.7% | 0.9% | 4.3% |
| 2021 | 19.3% | 36.2% | 15.8% | 24.3% | 0.1% | 2.2% |
| 2020 | 8.6% | 35.1% | 2.6% | 4.1% | 27.9% | 6.4% |
| 2019 | 11.6% | 32.9% | 29.5% | 5.7% | 2.2% | 3.1% |
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.
Share is the formation’s permits as a percent of the state’s permits that year. Median lateral length is published only when at least 5 permits stand behind it.
Last computed: 2026-10-24. These figures are informational only and are not a valuation of any mineral or royalty interest.
The Avalon-Bone Spring is a formation/play group recorded in New Mexico, with 29,827 wells on file across 657 distinct operators of record. Operators have filed 277 drilling permits targeting the Avalon-Bone Spring in the 24-month window at summary refresh. These are stored records, not a live measure of drilling.
Recorded formation activity provides regional context. It does not establish ownership, future production, royalty payments or a value for an individual tract. Consult qualified professionals about your specific interest.
29,827 wells target the Avalon-Bone Spring in New Mexico, worked by 657 recorded operators, per Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-10-24.
The Avalon-Bone Spring operators with the most wells on record in New Mexico are EOG Resources, Devon Energy Production Company, Oxy, COG Operating and Mewbourne Oil Company. The full ranking is in the table on this page. Formation summary date: 2026-10-24.
Operators filed 277 drilling permits targeting the Avalon-Bone Spring in the 24-month window at source refresh, per Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-10-24.
Operators filed 277 new drilling permits targeting the Avalon-Bone Spring in New Mexico in the 24-month window at source refresh. New permits and spuds record reported activity stages; they do not establish ongoing drilling, per Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-10-24.
Avalon-Bone Spring activity in New Mexico includes 29,827 wells on record and 657 recorded operators, with 277 drilling permits filed in the 24-month window at source refresh — from Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-10-24.
The primary counties recorded for Avalon-Bone Spring in New Mexico are Eddy, Lea, Chaves. Formation summary date: 2026-10-24.
Value depends on your net mineral acres or royalty decimal, the operator, the remaining drilling locations, and current oil and gas prices. This page is informational only, not a valuation. Formation summary date: 2026-10-24.
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Get Your Free Written OfferFormation: Avalon-Bone Spring
State: New Mexico
Total wells: 29,827
Recorded operators: 657
Permits 24mo: 277
Summary date: 2026-10-24
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