Devon & Coterra Q2 2026: New Mexico Permits, Spuds & Results
Devon Q2 2026 results alongside current Devon- and Coterra-linked New Mexico permits, reported spuds, counties, and source clocks.
By Johnathan · Reviewed by EnergyNetWatch Research · Historical report · Content updated 2026-08-09
Historical report
This page is a historical source-record snapshot tied to a specific company update or activity event. It links back into durable operator and state workflows.
Key Takeaways
- Devon reported 1.359 million Boe per day of Q2 production and 503,000 barrels of oil per day.
- The current New Mexico matched pull shows 51 90-day permits and 20 90-day reported-spud rows.
- Lea contains 30 of the 51 current permits, while Eddy contains 18 of the 20 current reported-spud rows; state rows are not treated as a company production reconciliation.
Devon Energy reported second-quarter 2026 results on August 4, 2026. EnergyNetWatch then reviewed Devon- and Coterra-linked New Mexico records through July 31 for permits and July 29 for reported spuds.
The two layers answer different questions. Devon's release describes company operations and capital. The EnergyNetWatch rows show activity in New Mexico public records under the reviewed source labels.
For the current operator view, use the durable Devon & Coterra operator intelligence page. This page preserves the Q2 event and the source-record comparison.
Q2 company update
| Reported item | Q2 2026 |
|---|---|
| Total production | 1.359 million Boe per day |
| Oil production | 503,000 barrels per day |
| Capital investment | $1.269 billion |
| Operated drilling rigs | 34 |
| Completion crews | 10 |
| Net operated wells online | 120 |
| Average lateral length | 10,800 feet |
Devon also reported a 16,300-net-acre New Mexico federal lease acquisition for approximately $2.6 billion. The company said the acquisition adds approximately 400 net locations normalized to two-mile laterals and that development is planned to begin in 2027. Those statements come from Devon's official releases; they are not inferred from the state-record counts below.
New Mexico source-record check
| EnergyNetWatch record layer | Current matched pull |
|---|---|
| 90-day permits | 51 |
| 12-month permits | 476 |
| 90-day reported spuds | 20 |
| 12-month reported spuds | 132 |
| Permit source clock | Through July 31, 2026 |
| Reported-spud source clock | Through July 29, 2026 |
The current county split is:
| County | 90-day permits | 90-day reported spuds |
|---|---|---|
| Lea | 30 | 2 |
| Eddy | 21 | 18 |
These are rows matched to Devon- and Coterra-linked source labels. They are not a pro forma company production total, a reserve estimate, or proof that every row belongs to acreage acquired in the quarter.
What the records show
Devon's Q2 results show company scale, operating activity, and capital deployment. The New Mexico record pull shows where public permit and drilling-start records are appearing under the reviewed labels.
The county split is different by record stage: Lea contains 30 of the 51 current permits, or 58.8%, while Eddy contains 18 of the 20 current reported-spud rows, or 90.0%. That is a difference in the current permit and reported-spud records, not a permit-to-spud conversion rate. It does not establish ownership of a specific lease, facility, contractor, or project.
Devon's Q2 materials also discuss Delaware Basin pricing and infrastructure constraints. That makes gathering, takeaway, and facility records useful context for a separate review, but this page does not match those categories to a specific EnergyNetWatch row.
How to read the comparison
The company figures and state records answer different questions. The company release reports Devon's consolidated operations and capital. The New Mexico rows show public records under the reviewed Devon- and Coterra-linked labels. Source labels, record dates, and the separate permit and reported-spud stages remain part of the result.
Sources
- Devon Energy Reports Second-Quarter 2026 Results
- Devon Q2 2026 earnings release PDF
- Devon Energy Enhances Permian Inventory in Federal Lease Sale
- Devon & Coterra operator intelligence
EnergyNetWatch New Mexico records were reviewed August 8, 2026. Permit rows and reported-spud rows use separate source clocks and are kept separate from company-reported results.
Data notes
Company-reported figures are from Devon Q2 2026 results published August 4, 2026. EnergyNetWatch New Mexico permit rows run through July 31, 2026 and reported-spud rows through July 29, 2026. Company results and state-source rows use different definitions and are kept separate.
Recommended next pages
Devon & Coterra Operator Intelligence: New Mexico Permits, Spuds & Lease Context
Devon and Coterra New Mexico permits and reported spuds, with Lea and Eddy County records, source labels, lease context, and dates.
Devon Q1 2026 Brief: Coterra Merger, New Mexico Lease, and State-Source Activity
Devon/Coterra operator intelligence brief covering New Mexico permit-spud follow-through, lease context, and merger label review.
New Mexico Drilling Activity Snapshot: Permits and Reported Spuds by Operator
New Mexico operators ranked by trailing 90-day permit records and independent reported spud records from EnergyNetWatch app data.
New Mexico Oil and Gas Production Data: OCD Records, Permits & Spuds
New Mexico OCD production data guide covering wells, operators, counties, permits, reported spuds, source dates, and current table access.
Related EnergyNetWatch pages
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