16,011 wells across 157 recorded operators, with 18 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 Pictured Clliffs formation in New Mexico has 16,011 wells on record across 157 recorded operators, with 18 drilling permits filed in the 24-month window at source refresh. Its operators with the most wells on record are Hilcorp Energy Company, Simcoe LLC, Burlington Resources Oil & Gas Company, Morning Star Oil Company 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 Pictured Clliffs formation in New Mexico:
| # | Operator | Wells in Pictured Clliffs |
|---|---|---|
| 1 | Hilcorp Energy Company | 7,984 |
| 2 | Simcoe LLC | 1,629 |
| 3 | Burlington Resources Oil & Gas Company | 968 |
| 4 | Morning Star Oil Company | 573 |
| 5 | Conocophillips Company | 496 |
| 6 | Enduring Resources | 469 |
| 7 | Bpx Operating Company | 447 |
| 8 | Logos Operating | 434 |
| 9 | High River Resources Operating LLC | 279 |
| 10 | Black Hills Gas Resources | 223 |
The New Mexico counties with the most Pictured Clliffs activity:
San Juan, Rio Arriba, Sandoval
Drilling permits in New Mexico each year, the Pictured Clliffs count and share of them, and the median lateral length of those Pictured Clliffs permits.
| Year | State permits | This formation | Share | Median lateral |
|---|---|---|---|---|
| 2026 | 2,951 | <3 | — | n<5 |
| 2025 | 4,706 | 9 | 0.2% | n<5 |
| 2024 | 5,467 | 47 | 0.9% | 1,264 ft |
| 2023 | 4,438 | 270 | 6.1% | 167 ft |
| 2022 | 4,190 | 36 | 0.9% | 192 ft |
| 2021 | 4,967 | 4 | 0.1% | n<5 |
| 2020 | 7,102 | 1,983 | 27.9% | 164 ft |
| 2019 | 6,850 | 150 | 2.2% | 191 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 Pictured Clliffs is a formation/play group recorded in New Mexico, with 16,011 wells on file across 157 distinct operators of record. Operators have filed 18 drilling permits targeting the Pictured Clliffs 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.
16,011 wells target the Pictured Clliffs in New Mexico, worked by 157 recorded operators, per Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-10-24.
The Pictured Clliffs operators with the most wells on record in New Mexico are Hilcorp Energy Company, Simcoe LLC, Burlington Resources Oil & Gas Company, Morning Star Oil Company and Conocophillips Company. The full ranking is in the table on this page. Formation summary date: 2026-10-24.
Operators filed 18 drilling permits targeting the Pictured Clliffs 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 18 new drilling permits targeting the Pictured Clliffs 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.
Pictured Clliffs activity in New Mexico includes 16,011 wells on record and 157 recorded operators, with 18 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 Pictured Clliffs in New Mexico are San Juan, Rio Arriba, Sandoval. 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: Pictured Clliffs
State: New Mexico
Total wells: 16,011
Recorded operators: 157
Permits 24mo: 18
Summary date: 2026-10-24
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