Permian Resources Operator Activity: TX/NM Permits And Spuds (2026)
Permian Resources operator activity review with TX/NM permits, reported spuds, county concentration, wells, production-month context, and facility records.
By Johnathan · Reviewed by EnergyNetWatch Research · Last updated 2026-06-04
Key Takeaways
- EnergyNetWatch reviewed Permian Resources-linked TX/NM records on June 4, 2026: 172 permits in 90D, 515 permits in 12M, and 8 reported spuds in 90D across current labels.
- The reviewed NM labels carried 146 of 172 trailing-90-day permits; Eddy and Lea held the largest county rows.
- Rows without trailing-12-month permit or reported-spud activity are excluded from public current-activity tables.
Permian Resources reported Q1 2026 total average production of 412.9 MBoe/d, including 192.3 MBbls/d of oil, and raised the midpoint of full-year 2026 oil production guidance to 192.5 MBbls/d.
EnergyNetWatch reviewed Permian Resources-linked Texas and New Mexico state-source records on June 4, 2026. The public current-activity tables below include source labels with trailing-12-month permit or reported-spud activity. Stale or zero-current rows are excluded from those tables.

EnergyNetWatch reviewed Permian Resources-linked TX/NM state-source records, pulled June 4, 2026.
Permian Resources Operator Activity: Executive Read
- Company signal: Permian Resources reported Q1 2026 production of 412.9 MBoe/d, oil production of 192.3 MBbls/d, and adjusted free cash flow of $513 million.
- Guidance signal: The company raised the midpoint of full-year 2026 oil production guidance to 192.5 MBbls/d while keeping total production guidance at 400,000 to 430,000 Boe/d.
- State-source signal: EnergyNetWatch reviewed current labels carried 172 permits in the trailing 90 days and 515 permits in the trailing 12 months across Texas and New Mexico.
- Spud signal: Reported spuds in the 90-day window totaled 8, all under
Permian Resources Operating, LLCin New Mexico in this pull. - County signal: Eddy and Lea, New Mexico carried the largest reviewed permit rows.
Company-Reported Context
Permian Resources announced Q1 2026 results on May 6, 2026. The company reported total average production of 412.9 MBoe/d, oil production of 192.3 MBbls/d, cash capital expenditures of $466 million, cash provided by operating activities of $815 million, and adjusted free cash flow of $513 million.
The company raised the midpoint of full-year 2026 oil production guidance by 3.5 MBbls/d to 192.5 MBbls/d. Full-year total production guidance remained 400,000 to 430,000 Boe/d, and the total cash capital expenditure program remained $1.75 billion to $1.95 billion.
Permian Resources also reported approximately 40 bolt-on and ground-game transactions for $205 million, a new five-year revolving credit facility with $3.0 billion of elected commitments, and the April 15, 2026 redemption of $550 million principal amount of legacy Earthstone 8.00% senior notes due 2027.
The company's Q1 2026 presentation describes approximately 500,000 net acres in West Texas and Southeast New Mexico, with Delaware Basin exposure across Eddy, Lea, Culberson, Loving, Winkler, Ward, and Reeves.
Recent Company Events Reviewed
| Date | Source | Fact used |
|---|---|---|
| 2026-03-17 | Investment-grade ratings release / Q1 context | Company received investment-grade ratings from S&P and Moody's during 2026, after Fitch in 2025 |
| 2026-04-15 | Q1 2026 results release | Redeemed $550 million of legacy Earthstone 8.00% senior notes due 2027 |
| 2026-04-30 | Q1 2026 results release | Entered new five-year revolving credit facility with $3.0 billion elected commitments |
| 2026-05-06 | Q1 2026 results release | Reported Q1 2026 production, cash flow, capital, guidance, and transaction update |
| 2026-05-07 | Q1 2026 earnings call / investor relations event | Company hosted Q1 2026 earnings call |
EnergyNetWatch State-Source Review
EnergyNetWatch reviewed records on June 4, 2026. Permit windows use issue dates from May 5, 2026 for 30D, March 6, 2026 for 90D, and June 4, 2025 for 12M. Spud windows use the same date basis where reported spud dates are available.
| State-source label | State | 30D permits | 90D permits | 12M permits | 90D spuds | 12M spuds | Latest permit | Latest spud |
|---|---|---|---|---|---|---|---|---|
Permian Resources Operating, LLC | NM | 26 | 129 | 442 | 8 | 115 | 2026-05-19 | 2026-03-29 |
Earthstone Operating, LLC | NM | 17 | 17 | 30 | 0 | 13 | 2026-05-28 | 2025-11-28 |
PERMIAN RESOURCES OPERATING, LLC | TX | 14 | 26 | 43 | 0 | 7 | 2026-05-27 | 2025-07-20 |
The read is New Mexico-led. New Mexico carried 146 of the 172 trailing-90-day permits in the reviewed current label set. New Mexico carried 472 of the 515 trailing-12-month permits.
PR Operating-only rows carried 155 trailing-90-day permits and 485 trailing-12-month permits across Texas and New Mexico.
Labels with no trailing-12-month permit or reported-spud activity are excluded from the public current-activity table. Historical source rows can still be useful for internal identity review, but they are not presented here as current activity signals.
Need the current Permian Resources record set? Request EnergyNetWatch access for current permits, reported spuds, wells, production histories, source dates, county tables, maps, exports, alerts, and API workflows behind this briefing.
County Concentration
New Mexico source county-code rows were normalized before public display. In this pull, 15 / 015 maps to Eddy and 25 / 025 maps to Lea.
| State-source label | State | County | 12M permits | Latest permit | 12M spuds | Latest spud |
|---|---|---|---|---|---|---|
Permian Resources Operating, LLC | NM | Eddy | 287 | 2026-05-19 | 48 | 2026-03-06 |
Permian Resources Operating, LLC | NM | Lea | 155 | 2026-04-03 | 67 | 2026-03-29 |
Earthstone Operating, LLC | NM | Lea | 30 | 2026-05-28 | 13 | 2025-11-28 |
PERMIAN RESOURCES OPERATING, LLC | TX | Ward | 14 | 2025-10-10 | 0 | - |
PERMIAN RESOURCES OPERATING, LLC | TX | Reagan | 11 | 2026-03-12 | 0 | - |
PERMIAN RESOURCES OPERATING, LLC | TX | Pecos | 10 | 2026-05-13 | 0 | - |
PERMIAN RESOURCES OPERATING, LLC | TX | Barnhart | 4 | 2026-05-27 | 0 | - |
PERMIAN RESOURCES OPERATING, LLC | TX | Barstow | 2 | 2026-04-23 | 0 | - |
PERMIAN RESOURCES OPERATING, LLC | TX | Reeves | 2 | 2026-02-23 | 1 | 2025-07-05 |
The read is Eddy and Lea first. The two New Mexico PR Operating county rows carried 442 trailing-12-month permits and 115 trailing-12-month reported spuds.
Well And Production-Month Context
The well table is source-label context. It is not a company-reported production reconciliation.
| State-source label | State | Well records | Latest production month | Wells with 2026 production month | Producing/active status rows |
|---|---|---|---|---|---|
PERMIAN RESOURCES OPERATING, LLC | TX | 2,263 | 2025-11-01 | 0 | 2,263 |
Permian Resources Operating, LLC | NM | 351 | 2026-03-01 | 349 | 340 |
Earthstone Operating, LLC | NM | 104 | 2026-03-01 | 103 | 102 |
The reviewed Texas PR Operating well records were deeper by count. The reviewed New Mexico PR Operating and Earthstone rows carried March 2026 production-month context.
Top Well Counties
| State-source label | State | County | Well records | Latest production month |
|---|---|---|---|---|
PERMIAN RESOURCES OPERATING, LLC | TX | Reeves | 1,097 | 2025-07-01 |
PERMIAN RESOURCES OPERATING, LLC | TX | Reagan | 434 | 2025-11-01 |
PERMIAN RESOURCES OPERATING, LLC | TX | Irion | 283 | 2025-11-01 |
Permian Resources Operating, LLC | NM | Lea | 271 | 2026-03-01 |
Earthstone Operating, LLC | NM | Lea | 93 | 2026-03-01 |
PERMIAN RESOURCES OPERATING, LLC | TX | Midland | 93 | 2025-07-01 |
PERMIAN RESOURCES OPERATING, LLC | TX | Ward | 86 | 2025-07-01 |
Permian Resources Operating, LLC | NM | Eddy | 80 | 2026-03-01 |
PERMIAN RESOURCES OPERATING, LLC | TX | Crockett | 72 | 2025-11-01 |
PERMIAN RESOURCES OPERATING, LLC | TX | Ector | 63 | 2025-07-01 |
Production-Month Rollup Pointers
The rows below are source-label rollup rows. Some New Mexico labels have multiple operator-number rows, so this table should not be treated as a single consolidated company-production total.
| State-source label | State | Operator number | Latest month | 12M oil | 12M gas | Approx. 12M BOE | Producing wells |
|---|---|---|---|---|---|---|---|
Permian Resources Operating, LLC | NM | 372165 | 2026-03-01 | 25,416,419 bbl | 80,844,938 mcf | 38,890,575 boe | 338 |
Permian Resources Operating, LLC | NM | 371449 | 2026-02-01 | 262,731 bbl | 1,519,211 mcf | 515,933 boe | 338 |
PERMIAN RESOURCES OPERATING, LLC | TX | 100852 | 2026-02-01 | 19,975,338 bbl | 69,786,674 mcf | 31,606,450 boe | 2,263 |
PERMIAN RESOURCES OPERATING, LLC | TX | - | 2026-02-01 | 2,066,787 bbl | 2,121,890 mcf | 2,420,436 boe | 2,263 |
Earthstone Operating, LLC | NM | 331165 | 2026-03-01 | 5,797,839 bbl | 15,122,020 mcf | 8,318,176 boe | 100 |
Earthstone Operating, LLC | NM | 373986 | 2026-03-01 | 1,434,307 bbl | 2,479,478 mcf | 1,847,553 boe | 100 |
Earthstone Operating, LLC | NM | 372137 | 2026-03-01 | 4,030 bbl | 49,810 mcf | 12,332 boe | 100 |
Texas Facility Records
EnergyNetWatch records also show Texas facility-permit rows under PERMIAN RESOURCES OPERATING LLC.
| State-source label | County | Permit type | Facility type | Records | Latest effective date | Latest first-seen date |
|---|---|---|---|---|---|---|
PERMIAN RESOURCES OPERATING LLC | REEVES | STANDARD_PERMIT_OG | OTHER | 191 | 2026-03-18 | 2026-04-22 |
PERMIAN RESOURCES OPERATING LLC | REEVES | STANDARD_PERMIT_OG | TANK_BATTERY | 68 | 2024-11-01 | 2026-04-22 |
PERMIAN RESOURCES OPERATING LLC | REAGAN | STANDARD_PERMIT_OG | OTHER | 26 | 2026-03-19 | 2026-04-22 |
PERMIAN RESOURCES OPERATING LLC | WARD | STANDARD_PERMIT_OG | OTHER | 22 | 2023-08-30 | 2026-04-22 |
PERMIAN RESOURCES OPERATING LLC | UPTON | STANDARD_PERMIT_OG | OTHER | 9 | 2025-04-25 | 2026-04-22 |
This is a source-record table. It is not a capacity, construction-status, or in-service claim.
For related infrastructure context, see the EnergyNetWatch midstream infrastructure data hub.
What To Watch Next
| Watch item | Current read | Follow-up workflow |
|---|---|---|
| New Mexico permits | 146 trailing-90-day permits across reviewed NM current labels | Track Eddy and Lea issue dates and reported spud follow-through |
| PR Operating rows | 155 trailing-90-day permits across TX/NM PR Operating labels | Monitor whether TX permit activity accelerates after the Q1 guidance update |
| Reported spuds | 8 trailing-90-day spuds, all under NM PR Operating in this pull | Watch whether May permits convert into reported spuds |
| Earthstone NM | 30 trailing-12-month permits and 2026 production-month context | Keep as a separate current source label unless records support a cleaner grouping |
| Texas facilities | Reeves and Reagan facility-permit rows are visible under PR Operating | Use facility records as a supporting source layer, not standalone activity proof |
The same source-date discipline applies across the platform. For methodology context, see how to track drilling permits by operator and Texas drilling permits by operator.
Data Notes
Company-reported figures and EnergyNetWatch state-source records answer different questions. Company-reported production describes the consolidated corporate result. This briefing reviews selected public state-source records visible in EnergyNetWatch as of June 4, 2026.
Permit, spud, facility, and production dates are different date bases. A permit issue date is not the same as a reported spud date, a facility first-seen date, or a production month.
Rows with no trailing-12-month permit or reported-spud activity are excluded from public current-activity tables.
The production rollup rows are source-label context, not pro forma company-production totals.
Frequently Asked Questions
Is this the same as Permian Resources' company-reported production?
No. The company-reported production figure gives the consolidated corporate reporting view. This briefing reviews selected TX/NM state-source records, including permits, reported spuds, wells, production-month context, and facility records visible in EnergyNetWatch.
Which operator labels are included in the public current-activity table?
The table includes Permian Resources Operating, LLC in New Mexico, PERMIAN RESOURCES OPERATING, LLC in Texas, and Earthstone Operating, LLC in New Mexico. Rows without trailing-12-month permit or reported-spud activity are excluded from the public current-activity table.
What is the strongest practical takeaway?
For this pull, start with New Mexico. The reviewed current labels carried 172 trailing-90-day permits across TX/NM, and 146 of those were in New Mexico. Eddy and Lea carried the largest reviewed county rows.
How should Texas facility rows be used?
Facility records should be used as a supporting source layer. They can point to locations and operational context for follow-up, but they are not standalone proof of capacity, construction status, or in-service timing.
Related EnergyNetWatch Pages
- Texas drilling permits by operator: May 2026 snapshot
- New Mexico drilling permits by operator: May 2026 snapshot
- Midstream infrastructure data hub
- How to track drilling permits by operator
- Request EnergyNetWatch access
Sources
- Permian Resources Q1 2026 results release
- Permian Resources Q1 2026 earnings presentation
- Permian Resources investor relations news and events page
- EnergyNetWatch reviewed state-source app records, pulled June 4, 2026.
Data notes
Company-reported figures are from Permian Resources Q1 2026 results and investor-presentation materials reviewed June 4, 2026. EnergyNetWatch figures are reviewed app records pulled June 4, 2026 for selected Permian Resources-linked TX/NM source labels. Permit, spud, facility, and production dates use different source bases and should not be read as one company-level production total.
Recommended next reads
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.
Texas Drilling Permits by Operator: May 2026 Permit and Spud Activity Snapshot
Texas operators ranked by trailing 90-day drilling permits, with recent reported spuds and source freshness notes from Energy-NetWatch.
How to Track Drilling Permits by Operator Before Production Shows Up (2026)
Learn how to track drilling permits by operator, connect permits to later production signals, and avoid common state-source mistakes.
Texas RRC T-4 Pipeline Permits: Map Context To GIS Route Evidence
See how Texas RRC T-4 pipeline permits connect to GIS route evidence, operator context, source dates, diameter, commodity, and review workflows.
Related EnergyNetWatch pages
Need current records behind this analysis?
Request access for current source refreshes, unmasked well histories, maps, exports, alerts, DCA, economics, and operator workflows.
Request current data access