Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a list of the “100 Most Prolific Private Oil and Gas Producers in the US.”
According to the list, which the company noted is based on gross production operated last year, Continental Resources was the top company, followed by Ascent Resources, Mewbourne Oil, Aethon Energy and Endeavor Energy.
Continental Resources had a production rate of 591,315 barrels of oil equivalent per day, while Ascent Resources had a production rate of 423,817 barrels of oil equivalent per day, and Mewbourne Oil had a production rate of 340,058 barrels of oil equivalent per day , displays the list. Aethon Energy and Endeavor Energy had production rates of 335,840 barrels of oil equivalent per day and 279,764 barrels of oil equivalent per day, respectively, according to the listing.
Enverus noted that the list was compiled using data from the Enverus Foundations and was part of Enverus’ most recent Upstream Pulse, which it describes as a bimonthly report covering exploration and production, bids and capital markets for North America. and the global oil and gas sector.
Continental was a new addition to Enverus’ list and as such had no ranking for 2021. The company went private last year after announcing in June 2022 that its board administration had received a non-binding proposal letter from Harold G. Hamm. , in its own name, the Harold G. Hamm Trust, and certain trusts established for the benefit of members of the Hamm family to acquire for cash all of the outstanding shares of Continental common stock, other than the shares of common stock owned by the Hamm family. and shares of common stock underlying unvested equity awards issued pursuant to Continental’s long-term incentive plans.
Ascent took first place on Enverus’ previous list, while Mewbourne was fifth, Aethon was third, and Endeavor was sixth.
“Enverus is uniquely positioned to provide a list of private companies that investors and operators should be paying attention to,” Gibson Scott, EIR’s Head of Intelligence, said in a company statement.
“Public companies disclose capital plans and production volumes in regular financial filings, but private operators can fly under the radar. Private companies provide a large proportion of national production and keeping a finger on the pulse can help to anticipate regional imbalances between supply and demand,” he added.
“Information about private companies can be limited, but not for Enverus. We’ve spent more than two decades innovating and developing solutions to become the leading specialty technology partner in energy with unmatched networking and analytics applications distributed across the energy ecosystem,” said Scott.
When asked to comment on the ranking, Continental CEO Doug Lawler told Rigzone, “We’ve only been private for six months and it may have surprised some who weren’t familiar with Continental’s performance and size in the private sphere”.
“Our goal is the same as it always has been: to provide affordable, reliable and clean American energy,” he added.
Continental announced in December 2022 that its president and chief operating officer Lawler would assume the role of president and CEO. Lawler, who has spent more than three decades in the oil and gas industry and joined Continental in February 2022, moved into his latest role earlier this year following the retirement of William Berry.
“Doug is exactly the right person to inspire our employees and grow our company and our culture as we address the world’s energy challenges,” Hamm said in a company statement last December.
“Operating as a private company unlocks endless possibilities, and I look forward to working with Doug as we fiercely defend American energy for decades to come,” he added in the statement.
Rigzone also reached out to Ascent and Mewbourne for comment on the rankings. As of this writing, neither company has yet responded to Rigzone’s request.
To contact the author, please send an email andreas.exarcheas@rigzone.com
