Permian & Marcellus leaders dominate public producer rankings

byErin Faulkner

Permian powerhouses and Appalachian gas juggernauts dominated the top 50 publicly traded oil and gas producers in the onshore Lower 48 market during 1H23, according to an analysis using Enverus Foundations data presented in the most recent issue of Upstream Pulse. Climbing one spot compared to 2022, ExxonMobil led the pack with gross operated production of 1.17 MMboe/d (43% oil). While Exxon is a multi-basin operator, the Permian accounted for 52% of its onshore Lower 48 output. Exxon’s acquisition target—and the largest producer specifically from the Permian—Pioneer Natural Resources delivered 801,198 boe/d in 1H23. With the transaction expected to close in 1H24, it seems Exxon will further solidify its top position in the 2024 ranks with nearly 2 MMboe/d.


Slipping one spot compared to 2022 to second place, but leading gas-focused producers, Chesapeake Energy produced 1.13 MMboe/d from the Marcellus and Haynesville in 1H23. Being only 2% oil, the total is better understood in gas-equivalent units of 6.78 Bcfe/d. Appalachian peer EQT Corp. came in fourth on the list at 990,448 boe/d (99% gas), or 5.94 Bcfe/d.
Currently the most active driller in the U.S. at 27 rigs, also based on Enverus Foundations data, EOG Resources had the third-highest gross production at 1.1 MMboe/d (57% oil). Of that total, 61% was extracted from the Permian.


Rounding out the top five was Occidental Petroleum at 977,228 boe/d (58% oil). Oxy is the second-largest producer in the Permian, with that basin accounting for 78% of its onshore Lower 48 total. Oxy is further boosting its production in the basin with its acquisition of CrownRock LP. Closing is expected this quarter, and the additional gross volumes will push Oxy’s total above 1 MMboe/d. The pending merger of No. 8 and No. 30 on the Top 50 list will create another 1 MMboe/d-plus Lower 48 producer when Chevron closes its acquisition of Hess Corp.

To see the full public producer leaderboard, check out the latest issue of Upstream Pulse.

About Enverus Intelligence Publications 
Enverus Intelligence Publications presents the news as it happens with impactful, concise articles, cutting through the clutter to deliver timely perspectives and insights on various topics from writers who provide deep context to the energy sector. 

Erin Faulkner

Erin Faulkner

Erin Faulkner is a senior editor at Enverus and has been covering the U.S. upstream industry for more than 10 years. She is a graduate of Creighton University.

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content

Energy Transition
ByJeffery Jen

There has been a battle for CO2 in the Midwest with two major CO2 pipeline projects, Navigator Heartland Greenway and Summit Carbon Solutions, looking to capitalize on the 45Q PTC by targeting the low capture cost CO2 emissions from the...

Enverus Press Release - Blue hydrogen: Greening the bottom line
Energy Transition
ByCarson Kearl

In a world where energy value can make up a small portion of the revenue stream from emerging business models, what else is at play? Enverus Intelligence Research® views effective energy transition business as taking advantage of two key additive...

Intelligence Oilfield Services
ByErin Faulkner

Permitting information for oil and gas wells is one of the most readily available and least lagged pieces of data on industry activity, but it is often seen as a poor indicator of future drilling activity.

Enverus Press Release - Exploring falling rigs and rising production
Energy Analytics Minerals

While horizontal drilling and hydraulic fracturing significantly enhance well productivity, they have had the opposite effect on the land department.

ByJoseph Gyure, Editor, Enverus Intelligence

All seven regions covered by the Enverus Day Rate Survey saw rates rise sequentially for the second time in three months in January as confidence started to strengthen among U.S. land drilling contractors.

Energy Transition Intelligence
ByJoseph Gyure, Editor, Enverus Intelligence

Ørsted took a blade to its project pipeline, reducing its ambition to 35-38 GW of installed capacity by 2030 from the previous 50 GW.

ByJoseph Gyure, Editor, Enverus Intelligence

SLB has reaffirmed its 2024 financial guidance, part of an effort by international oilfield services companies to reassure investors after the Saudi Ministry of Energy called off plans to increase its maximum sustainable capacity by 1 MMbo/d to 13 MMbo/d...

Analyst Takes Energy Transition

Despite the relatively scant incentives for buying an EV in the U.S. compared to other countries, the U.S. Environmental Protection Agency (EPA) presented its plan in 2023 to tighten tailpipe emissions regulations.

Enverus Blog - Increase visibility and efficiency with OpenTicket Mobile digital field ticketing software
Trading and Risk

Amid significant volatility in global energy markets, U.S. President Joe Biden’s decision to temporarily halt approvals for pending liquefied natural gas (LNG) projects seems to defy conventional trading wisdom. This audacious move has given rise to a variety of viewpoints...

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Register Today

Get Energy Transition Research updates straight to your inbox by filling out the form below.

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert