491 wells across 47 recorded operators, with 7 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 Thirty-One Carbonate-Chert formation in New Mexico has 491 wells on record across 47 recorded operators, with 7 drilling permits filed in the 24-month window at source refresh. Its operators with the most wells on record are Scout Energy Management, Ram Energy, Texaco Exploration And Production, Lh Operating LLC and Sirgo Operating. 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 Thirty-One Carbonate-Chert formation in New Mexico:
| # | Operator | Wells in Thirty-One Carbonate-Chert |
|---|---|---|
| 1 | Scout Energy Management | 104 |
| 2 | Ram Energy | 77 |
| 3 | Texaco Exploration And Production | 61 |
| 4 | Lh Operating LLC | 51 |
| 5 | Sirgo Operating | 31 |
| 6 | Oxy | 28 |
| 7 | Southwest Royalties | 17 |
| 8 | Legacy Reserves Operating | 16 |
| 9 | Chevron | 12 |
| 10 | Conocophillips Company | 10 |
The New Mexico counties with the most Thirty-One Carbonate-Chert activity:
Lea, Eddy
The Thirty-One Carbonate-Chert 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 Thirty-One Carbonate-Chert is a formation/play group recorded in New Mexico, with 491 wells on file across 47 distinct operators of record. Operators have filed 7 drilling permits targeting the Thirty-One Carbonate-Chert 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.
491 wells target the Thirty-One Carbonate-Chert in New Mexico, worked by 47 recorded operators, per Buckhead Energy analysis of public oil and gas data. Formation summary date: 2026-11-01.
The Thirty-One Carbonate-Chert operators with the most wells on record in New Mexico are Scout Energy Management, Ram Energy, Texaco Exploration And Production, Lh Operating LLC and Sirgo Operating. The full ranking is in the table on this page. Formation summary date: 2026-11-01.
Operators filed 7 drilling permits targeting the Thirty-One Carbonate-Chert 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 7 new drilling permits targeting the Thirty-One Carbonate-Chert 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.
Thirty-One Carbonate-Chert activity in New Mexico includes 491 wells on record and 47 recorded operators, with 7 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 Thirty-One Carbonate-Chert in New Mexico are Lea, Eddy. 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: Thirty-One Carbonate-Chert
State: New Mexico
Total wells: 491
Recorded operators: 47
Permits 24mo: 7
Summary date: 2026-11-01
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