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US Mineral Market Activity Index

An objective 0–100 score of how active oil & gas drilling is across the 11 top US mineral states right now — from permits, DUC inventory, spuds, and new producers. Refreshed daily, free to cite.

As of · CC BY 4.0

The Index in One Sentence

As of June 17, 2026, Texas leads the US Mineral Market Activity Index with a score of 100/100, ahead of New Mexico (46); the 11-state national reading is 19/100 — a relative measure of current drilling activity from state regulator records, compiled by Buckhead Energy.

Activity Score by State

#StateActivity ScorePermits 24moDUCsSpuds 90dNew Producers
1 Texas
100
2,823 885 668 813
2 New Mexico
46
1,316 350 264 472
3 North Dakota
16
258 201 145 76
4 Oklahoma
14
163 176 145 67
5 Wyoming
11
66 163 112 43
6 California
9
879 6 4 20
7 Utah
7
115 84 57 46
8 Colorado
6
16 46 24 117
9 Kansas
5
25 86 76 0
10 Mississippi
0
8 3 3 4
11 Illinois
0
0 0 0 0

Score = each metric scored 0–100 relative to the leading state, then averaged. Each state links to its dated drilling report. See also the US Mineral & Drilling Activity Index (raw national rollup).

Methodology

For each state we take four forward-looking activity signals from that state's oil & gas regulator records — drilling permits over the trailing 24 months, current drilled-but-uncompleted (DUC) inventory, wells spudded in the last 90 days, and wells brought onto first production in the last six months. Each metric is scored 0–100 relative to the most active state, then the four are equal-weight averaged into the state's composite. The national reading is the mean of the state scores. The underlying data refreshes daily; every figure carries the as-of date above. This is an objective measure of market activity — not a valuation, price, or recommendation to buy or sell.

Frequently Asked Questions

What is the US Mineral Market Activity Index?

An objective 0–100 score of how active oil & gas drilling is in each of the 11 top US mineral states right now — Texas, Oklahoma, New Mexico, North Dakota, Colorado, Wyoming, California, Kansas, Mississippi, Utah, and Illinois. Each state is scored from four forward-looking signals (drilling permits, DUC inventory, recent spuds, and newly producing wells) drawn from state regulator records and refreshed daily.

How is the score calculated?

Each of the four metrics is scored 0–100 relative to the most active state, then averaged (equal weight) into a state composite. 100 means a state leads on every measure. It is a relative, reproducible measure of current drilling activity — not a price, valuation, or recommendation.

Which state has the most oil & gas drilling activity?

As of June 17, 2026, Texas leads the index with a score of 100/100, followed by New Mexico (46). See the full ranking below; each state links to its dated drilling report.

Can I cite or reuse this index?

Yes. The index and its underlying datasets are published under CC BY 4.0 — free to quote, cite, and embed with attribution to Buckhead Energy. Per-state and historical figures are available at [email protected].

Does a high score mean it is a good time to sell?

Not by itself. The index measures market activity, not your personal timing. Whether to sell depends on your wells, decline, prices, and goals — see our per-state "is now a good time to sell" pages, and request a free written offer for your specific minerals.

Cite this index (CC BY 4.0): Buckhead Energy, "US Mineral Market Activity Index," June 17, 2026. Composite 0–100 drilling-activity score across 11 top mineral states, from state regulator records. https://www.buckheadenergy.com/us-mineral-market-activity-index

Machine-readable: /api/v1/us-drilling-activity-index · daily freshness feed: /data-updates.json

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