875 wells across 54 recorded operators, with 14 drilling permits filed in the 24-month window at summary refresh.
Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-11-01.
Quick answer: The Grayburg formation in New Mexico has 875 wells on record across 54 recorded operators, with 14 drilling permits filed in the 24-month window at source refresh. Its operators with the most wells on record are Oxy, Maverick Permian LLC, Morning Star Oil Company, Hilcorp Energy Company and Empire New Mexico LLC. Source: Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-11-01.
The operators with the most well counts targeting the Grayburg formation in New Mexico:
| # | Operator | Wells in Grayburg |
|---|---|---|
| 1 | Oxy | 554 |
| 2 | Maverick Permian LLC | 61 |
| 3 | Morning Star Oil Company | 31 |
| 4 | Hilcorp Energy Company | 31 |
| 5 | Empire New Mexico LLC | 29 |
| 6 | Apache | 28 |
| 7 | Southwest Royalties | 21 |
| 8 | Rover Operating | 15 |
| 9 | Conocophillips Company | 13 |
| 10 | Chevron | 12 |
The New Mexico counties with the most Grayburg activity:
Lea, Eddy, Chaves
The Grayburg is not among the New Mexico formations tracked separately in the yearly permit mix, so only statewide permit counts are shown.
| Year | State permits | This formation | Share | Median lateral |
|---|---|---|---|---|
| 2026 | 3,015 | — | — | — |
| 2025 | 4,706 | — | — | — |
| 2024 | 5,468 | — | — | — |
| 2023 | 4,438 | — | — | — |
| 2022 | 4,190 | — | — | — |
| 2021 | 4,966 | — | — | — |
| 2020 | 7,102 | — | — | — |
| 2019 | 6,850 | — | — | — |
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% | — | — | — | — | 4% |
| 2025 | 78% | 5.2% | 2.4% | 8.7% | 0.2% | 3.5% |
| 2024 | 65.6% | 13.9% | 3.4% | 11.9% | 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: 2026-11-01. These figures are informational only and are not a valuation of any mineral or royalty interest.
The Grayburg is a formation/play group recorded in New Mexico, with 875 wells on file across 54 distinct operators of record. Operators have filed 14 drilling permits targeting the Grayburg 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.
875 wells target the Grayburg in New Mexico, worked by 54 recorded operators, per Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-11-01.
The Grayburg operators with the most wells on record in New Mexico are Oxy, Maverick Permian LLC, Morning Star Oil Company, Hilcorp Energy Company and Empire New Mexico LLC. The full ranking is in the table on this page. Formation summary date: 2026-11-01.
Operators filed 14 drilling permits targeting the Grayburg in the 24-month window at source refresh, per Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-11-01.
Operators filed 14 new drilling permits targeting the Grayburg 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: 2026-11-01.
Grayburg activity in New Mexico includes 875 wells on record and 54 recorded operators, with 14 drilling permits filed in the 24-month window at source refresh — from Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-11-01.
The primary counties recorded for Grayburg in New Mexico are Lea, Eddy, Chaves. Formation summary date: 2026-11-01.
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: 2026-11-01.
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Get Your Free Written OfferFormation: Grayburg
State: New Mexico
Total wells: 875
Recorded operators: 54
Permits 24mo: 14
Summary date: 2026-11-01
