647 wells across 38 recorded operators, with 0 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 Las Vegas - Raton Basin formation in New Mexico has 647 wells on record across 38 recorded operators, with 0 drilling permits filed in the 24-month window at source refresh. Its operators with the most wells on record are High River Resources Operating LLC, Ep Energy E And P Company, Pennzenergy Exp & Production, Wapiti Operating and Odessa Natural. 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 Las Vegas - Raton Basin formation in New Mexico:
| # | Operator | Wells in Las Vegas - Raton Basin |
|---|---|---|
| 1 | High River Resources Operating LLC | 535 |
| 2 | Ep Energy E And P Company | 20 |
| 3 | Pennzenergy Exp & Production | 10 |
| 4 | Wapiti Operating | 9 |
| 5 | Odessa Natural | 8 |
| 6 | Bpx Operating Company | 7 |
| 7 | Bennett Petroleum | 6 |
| 8 | Hng Fossil Fuel Company | 5 |
| 9 | W E Bakke Jr | 4 |
| 10 | Kelly Bell | 3 |
The New Mexico counties with the most Las Vegas - Raton Basin activity:
Colfax, Mora
The Las Vegas - Raton Basin 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 Las Vegas - Raton Basin is a formation/play group recorded in New Mexico, with 647 wells on file across 38 distinct operators of record. Operators have filed 0 drilling permits targeting the Las Vegas - Raton Basin 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.
647 wells target the Las Vegas - Raton Basin in New Mexico, worked by 38 recorded operators, per Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-11-01.
The Las Vegas - Raton Basin operators with the most wells on record in New Mexico are High River Resources Operating LLC, Ep Energy E And P Company, Pennzenergy Exp & Production, Wapiti Operating and Odessa Natural. The full ranking is in the table on this page. Formation summary date: 2026-11-01.
Operators filed 0 drilling permits targeting the Las Vegas - Raton Basin 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 0 new drilling permits targeting the Las Vegas - Raton Basin 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.
Las Vegas - Raton Basin activity in New Mexico includes 647 wells on record and 38 recorded operators, with 0 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 Las Vegas - Raton Basin in New Mexico are Colfax, Mora. 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: Las Vegas - Raton Basin
State: New Mexico
Total wells: 647
Recorded operators: 38
Permits 24mo: 0
Summary date: 2026-11-01
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