13,493 wells across 416 recorded operators, with 124 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 Nw Shelf Perm-Penn Carbonate formation in New Mexico has 13,493 wells on record across 416 recorded operators, with 124 drilling permits filed in the 24-month window at source refresh. Its operators with the most wells on record are Eqv Operating Nm LLC, EOG Resources, Maverick Permian LLC, Spur Energy Partners LLC and Conocophillips 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 Nw Shelf Perm-Penn Carbonate formation in New Mexico:
| # | Operator | Wells in Nw Shelf Perm-Penn Carbonate |
|---|---|---|
| 1 | Eqv Operating NM LLC | 1,418 |
| 2 | Eog Resources | 1,243 |
| 3 | Maverick Permian LLC | 752 |
| 4 | Spur Energy Partners LLC | 704 |
| 5 | Conocophillips Company | 545 |
| 6 | Morning Star Oil Company | 540 |
| 7 | Cog Operating | 463 |
| 8 | Lh Operating LLC | 462 |
| 9 | Mack Energy | 453 |
| 10 | Hilcorp Energy Company | 440 |
The New Mexico counties with the most Nw Shelf Perm-Penn Carbonate activity:
Eddy, Lea, Chaves, Lincoln
Drilling permits in New Mexico each year, the Nw Shelf Perm-Penn Carbonate count and share of them, and the median lateral length of those Nw Shelf Perm-Penn Carbonate permits.
| Year | State permits | This formation | Share | Median lateral |
|---|---|---|---|---|
| 2026 | 2,951 | <3 | — | n<5 |
| 2025 | 4,706 | 111 | 2.4% | 3,910 ft |
| 2024 | 5,467 | 184 | 3.4% | 4,048 ft |
| 2023 | 4,438 | 88 | 2% | 1,520 ft |
| 2022 | 4,190 | 772 | 18.4% | 3,451 ft |
| 2021 | 4,967 | 784 | 15.8% | 3,649 ft |
| 2020 | 7,102 | 182 | 2.6% | 1,584 ft |
| 2019 | 6,850 | 2,021 | 29.5% | 3,624 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 Nw Shelf Perm-Penn Carbonate is a formation/play group recorded in New Mexico, with 13,493 wells on file across 416 distinct operators of record. Operators have filed 124 drilling permits targeting the Nw Shelf Perm-Penn Carbonate 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.
13,493 wells target the Nw Shelf Perm-Penn Carbonate in New Mexico, worked by 416 recorded operators, per Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-10-24.
The Nw Shelf Perm-Penn Carbonate operators with the most wells on record in New Mexico are Eqv Operating Nm LLC, EOG Resources, Maverick Permian LLC, Spur Energy Partners LLC and Conocophillips Company. The full ranking is in the table on this page. Formation summary date: 2026-10-24.
Operators filed 124 drilling permits targeting the Nw Shelf Perm-Penn Carbonate 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 124 new drilling permits targeting the Nw Shelf Perm-Penn Carbonate 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.
Nw Shelf Perm-Penn Carbonate activity in New Mexico includes 13,493 wells on record and 416 recorded operators, with 124 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 Nw Shelf Perm-Penn Carbonate in New Mexico are Eddy, Lea, Chaves, Lincoln. 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: Nw Shelf Perm-Penn Carbonate
State: New Mexico
Total wells: 13,493
Recorded operators: 416
Permits 24mo: 124
Summary date: 2026-10-24
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