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Operator Briefs2026-06-048 min read

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.

Permian Resources TX/NM operator activity table card

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, LLC in 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

DateSourceFact used
2026-03-17Investment-grade ratings release / Q1 contextCompany received investment-grade ratings from S&P and Moody's during 2026, after Fitch in 2025
2026-04-15Q1 2026 results releaseRedeemed $550 million of legacy Earthstone 8.00% senior notes due 2027
2026-04-30Q1 2026 results releaseEntered new five-year revolving credit facility with $3.0 billion elected commitments
2026-05-06Q1 2026 results releaseReported Q1 2026 production, cash flow, capital, guidance, and transaction update
2026-05-07Q1 2026 earnings call / investor relations eventCompany 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 labelState30D permits90D permits12M permits90D spuds12M spudsLatest permitLatest spud
Permian Resources Operating, LLCNM2612944281152026-05-192026-03-29
Earthstone Operating, LLCNM1717300132026-05-282025-11-28
PERMIAN RESOURCES OPERATING, LLCTX142643072026-05-272025-07-20

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 labelStateCounty12M permitsLatest permit12M spudsLatest spud
Permian Resources Operating, LLCNMEddy2872026-05-19482026-03-06
Permian Resources Operating, LLCNMLea1552026-04-03672026-03-29
Earthstone Operating, LLCNMLea302026-05-28132025-11-28
PERMIAN RESOURCES OPERATING, LLCTXWard142025-10-100-
PERMIAN RESOURCES OPERATING, LLCTXReagan112026-03-120-
PERMIAN RESOURCES OPERATING, LLCTXPecos102026-05-130-
PERMIAN RESOURCES OPERATING, LLCTXBarnhart42026-05-270-
PERMIAN RESOURCES OPERATING, LLCTXBarstow22026-04-230-
PERMIAN RESOURCES OPERATING, LLCTXReeves22026-02-2312025-07-05

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 labelStateWell recordsLatest production monthWells with 2026 production monthProducing/active status rows
PERMIAN RESOURCES OPERATING, LLCTX2,2632025-11-0102,263
Permian Resources Operating, LLCNM3512026-03-01349340
Earthstone Operating, LLCNM1042026-03-01103102

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 labelStateCountyWell recordsLatest production month
PERMIAN RESOURCES OPERATING, LLCTXReeves1,0972025-07-01
PERMIAN RESOURCES OPERATING, LLCTXReagan4342025-11-01
PERMIAN RESOURCES OPERATING, LLCTXIrion2832025-11-01
Permian Resources Operating, LLCNMLea2712026-03-01
Earthstone Operating, LLCNMLea932026-03-01
PERMIAN RESOURCES OPERATING, LLCTXMidland932025-07-01
PERMIAN RESOURCES OPERATING, LLCTXWard862025-07-01
Permian Resources Operating, LLCNMEddy802026-03-01
PERMIAN RESOURCES OPERATING, LLCTXCrockett722025-11-01
PERMIAN RESOURCES OPERATING, LLCTXEctor632025-07-01

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 labelStateOperator numberLatest month12M oil12M gasApprox. 12M BOEProducing wells
Permian Resources Operating, LLCNM3721652026-03-0125,416,419 bbl80,844,938 mcf38,890,575 boe338
Permian Resources Operating, LLCNM3714492026-02-01262,731 bbl1,519,211 mcf515,933 boe338
PERMIAN RESOURCES OPERATING, LLCTX1008522026-02-0119,975,338 bbl69,786,674 mcf31,606,450 boe2,263
PERMIAN RESOURCES OPERATING, LLCTX-2026-02-012,066,787 bbl2,121,890 mcf2,420,436 boe2,263
Earthstone Operating, LLCNM3311652026-03-015,797,839 bbl15,122,020 mcf8,318,176 boe100
Earthstone Operating, LLCNM3739862026-03-011,434,307 bbl2,479,478 mcf1,847,553 boe100
Earthstone Operating, LLCNM3721372026-03-014,030 bbl49,810 mcf12,332 boe100

Texas Facility Records

EnergyNetWatch records also show Texas facility-permit rows under PERMIAN RESOURCES OPERATING LLC.

State-source labelCountyPermit typeFacility typeRecordsLatest effective dateLatest first-seen date
PERMIAN RESOURCES OPERATING LLCREEVESSTANDARD_PERMIT_OGOTHER1912026-03-182026-04-22
PERMIAN RESOURCES OPERATING LLCREEVESSTANDARD_PERMIT_OGTANK_BATTERY682024-11-012026-04-22
PERMIAN RESOURCES OPERATING LLCREAGANSTANDARD_PERMIT_OGOTHER262026-03-192026-04-22
PERMIAN RESOURCES OPERATING LLCWARDSTANDARD_PERMIT_OGOTHER222023-08-302026-04-22
PERMIAN RESOURCES OPERATING LLCUPTONSTANDARD_PERMIT_OGOTHER92025-04-252026-04-22

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 itemCurrent readFollow-up workflow
New Mexico permits146 trailing-90-day permits across reviewed NM current labelsTrack Eddy and Lea issue dates and reported spud follow-through
PR Operating rows155 trailing-90-day permits across TX/NM PR Operating labelsMonitor whether TX permit activity accelerates after the Q1 guidance update
Reported spuds8 trailing-90-day spuds, all under NM PR Operating in this pullWatch whether May permits convert into reported spuds
Earthstone NM30 trailing-12-month permits and 2026 production-month contextKeep as a separate current source label unless records support a cleaner grouping
Texas facilitiesReeves and Reagan facility-permit rows are visible under PR OperatingUse 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

Sources

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.

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Related EnergyNetWatch pages

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