Occidental Q1 2026 Permian Signals: TX/NM Permits, Spuds & Labels
Review Occidental Q1 2026 Permian source records across Texas and New Mexico permits, reported spuds, production context, and OXY-family labels.
By Johnathan · Reviewed by EnergyNetWatch Research · Last updated 2026-06-23
Quarterly/event snapshot
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
- Occidental reported 1,426 Mboe/d of Q1 2026 production and said it had repaid $7.1B of principal debt through May 5.
- Reviewed OXY-family TX/NM labels show 167 combined trailing 90-day permits and 6 trailing 90-day reported spuds.
- The main signal is operator identity plus permit-to-spud timing across OXY, Occidental, Anadarko-linked, and OXYROCK labels.
EnergyNetWatch reviewed OXY-family Texas and New Mexico source records after Occidental's Q1 2026 update. The current record set shows 167 combined trailing-90-day permits, 572 combined trailing-12-month permits, and 6 combined trailing-90-day reported spuds across reviewed OXY-family labels.
OXY, Occidental, Anadarko-linked, and OXYROCK labels should stay visible before ranking counties, permits, spuds, or account follow-up.
Operator Signal
| Field | Current signal |
|---|---|
| Operator | Occidental |
| Source-record focus | OXY-family Texas and New Mexico permit labels |
| Company-reported Q1 production | 1,426 Mboe/d |
| Combined TX/NM 90D permits | 167 |
| Combined TX/NM 12M permits | 572 |
| Combined TX/NM 90D reported spuds | 6 |
| Latest reviewed permit | May 21, 2026 |
| Watchlist signal | Active Permian permit layer; identity review is required before ranking OXY-family activity |
The main signal is operator identity plus permit-to-spud timing. Occidental reports at the parent-company level. State records may preserve OXY, Occidental, Anadarko, OXYROCK, and other source-specific labels.
At A Glance
| Field | Current signal |
|---|---|
| Q1 2026 production | 1,426 Mboe/d |
| Net income attributable to common stockholders | $3.2B |
| Adjusted income from continuing operations | $1.1B |
| Operating cash flow from continuing operations | $1.4B |
| Free cash flow before working capital from continuing operations | $1.7B |
| Principal debt repaid through May 5 | $7.1B |
| Principal debt after repayment | $13.3B |
Occidental's company report was a production-beat and debt-reduction story. EnergyNetWatch adds the public-record follow-up: which OXY-family labels are active in Texas and New Mexico records, and where permit rows still need reported-spud follow-through.
EnergyNetWatch OXY-family state-source snapshot reviewed from May 2026 Texas and New Mexico permit records.
What Changed Recently
| Signal | Current signal |
|---|---|
| Production | Occidental exceeded the high end of Q1 guidance at 1,426 Mboe/d. |
| Balance sheet | Principal debt was reduced to $13.3B after $7.1B of repayment through May 5. |
| Texas permits | Reviewed OXY-family labels show 143 trailing 90D permits. |
| New Mexico permits | Reviewed OXY-family labels show 24 trailing 90D permits and 255 trailing 12M permits. |
| Reported spuds | Reviewed OXY-family labels show 6 combined trailing 90D reported spuds. |
| Identity issue | Anadarko-linked and OXYROCK labels remain relevant when source records support the match. |
The working artifact is not one OXY total. It is the reviewed label table with state, county, issue date, reported-spud follow-through, and source-date caveats.
State-Source Snapshot
| Field | Current signal |
|---|---|
| Texas permits 30D | 30 |
| Texas permits 90D | 143 |
| Texas permits 12M | 317 |
| Texas reported spuds 90D | 6 |
| Texas latest permit | May 21, 2026 |
| Texas latest spud | Mar. 26, 2026 |
| New Mexico permits 90D | 24 |
| New Mexico permits 12M | 255 |
| New Mexico latest permit | Apr. 24, 2026 |
| New Mexico latest spud | Jan. 12, 2026 |
Texas is the broader current activity layer in this pull. New Mexico is simpler: the active current OXY-family layer is carried by OXY USA INC, while older inactive labels remain useful for historical identity review.
Reviewed Label Set
| Field | Current signal |
|---|---|
| Texas active labels | OXY USA INC.; ANADARKO E&P ONSHORE LLC; OXYROCK OPERATING, LLC; OCCIDENTAL PERMIAN LTD.; OXY USA WTP LP |
| New Mexico active label | OXY USA INC |
| New Mexico legacy labels | OCCIDENTAL PERMIAN LTD; ANADARKO PETROLEUM CORP; OXY USA WTP LIMITED PARTNERSHIP |
| Label risk | A one-label search can miss current or historically relevant activity. |
This is why operator identity work matters. A parent-company brief should not collapse every acquired or legacy label automatically, but it also should not ignore supported source labels tied to owned or acquired operating history.
Texas Label Detail
| Field | Current signal |
|---|---|
| OXY USA INC. | 54 permits 90D; 77 permits 12M; latest permit May 21, 2026 |
| ANADARKO E&P ONSHORE LLC | 30 permits 90D; 99 permits 12M; 4 reported spuds 90D |
| OXYROCK OPERATING, LLC | 26 permits 90D; 60 permits 12M; latest permit May 7, 2026 |
| OCCIDENTAL PERMIAN LTD. | 24 permits 90D; 57 permits 12M; latest permit May 20, 2026 |
| OXY USA WTP LP | 9 permits 90D; 24 permits 12M; 2 reported spuds 90D |
The Texas rows concentrate around Permian-facing areas such as Gaines, Loving, Yoakum, Midland, Martin, Reeves, and related source localities. The label detail connects the company report to an operating-area follow-up list.
Why It Matters
| User | What to check |
|---|---|
| BD and service companies | Texas OXY-family permits create an account and county follow-up list. |
| Analysts | Parent-company production and source-label permit records should be kept separate. |
| Data and API buyers | Label matching, county filtering, source dates, maps, exports, alerts, and API delivery. |
| Infrastructure teams | OXY-family activity can be checked against facility and infrastructure records before outreach. |
The public-record layer does not replace Occidental's company report. It turns the company report into a traceable source workflow.
Infrastructure And Midstream Signals
| Layer | Public page treatment | App follow-up |
|---|---|---|
| Facility and infrastructure records | Included as a follow-up category, not a free OXY-family lead list. | Review OXY, Anadarko-linked, OXYROCK, and related labels against route, facility, county, map, and source-date rows. |
| Why limited here | The public page shows that EnergyNetWatch can connect operator identity to infrastructure evidence without publishing the current account-ready export. | Request the current OXY-family package with maps, exports, alerts, and API fields. |
What To Watch Next
| Watch item | Why it matters |
|---|---|
| Texas OXY-family permits after May 21 | Tests whether the recent Texas permit layer continues after Q1. |
| New Mexico OXY activity after Apr. 24 | Shows whether the Delaware Basin permit signal refreshes in the next source pull. |
| Anadarko-linked spud follow-through | Shows how acquired labels can remain operationally relevant in state records. |
| OXYROCK and CrownRock-related labels | Keeps acquisition-cycle source labels in the review set. |
| Rockies source signal | Adds state-source support for the company-reported Rockies outperformance comment. |
| Facility and infrastructure records | Adds surface context when activity moves beyond well permits. |
What To Request
Ask for the current OXY-family TX/NM activity table: labels reviewed, state, county, issue date, reported-spud follow-through, latest production month where available, maps, exports, alerts, and API options.
Frequently Asked Questions
What was Occidental's Q1 2026 production?
Occidental reported total production of 1,426 Mboe/d in Q1 2026, above the high end of company guidance.
What does EnergyNetWatch show for OXY Permian activity?
EnergyNetWatch reviewed current OXY-family Texas and New Mexico state-source permit records showing 167 combined trailing 90-day permits and 6 trailing 90-day reported spuds across the reviewed labels.
Why include Anadarko in an Occidental brief?
Occidental acquired Anadarko in 2019. State records can continue to preserve acquired-company or subsidiary operator labels, so Anadarko-linked rows are relevant when reviewing Occidental's current and historical public-record footprint.
Are permit counts the same as Occidental production?
No. Occidental production is a company-reported operating measure. EnergyNetWatch permit counts are public state-source activity records used to track labels, counties, issue dates, and follow-up timing.
Sources
- Occidental announces Q1 2026 results
- Occidental Q1 2026 earnings call transcript
- Occidental 2019 Form 10-K discussing the Anadarko merger
- Occidental closes CrownRock acquisition
- EnergyNetWatch Texas and New Mexico drilling permit records reviewed May 26, 2026.
Data notes
Company-reported figures are from Occidental first-quarter 2026 materials and earnings call transcript. EnergyNetWatch figures are reviewed May 2026 Texas and New Mexico public state-source permit records for OXY-family labels visible in the source layer. Permit counts are activity screens by operator label, state, county, and issue date; they are not company-reported production totals.
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