#United States #Austin #Enverus #ExxonMobil #ConocoPhillips

Enverus' Top 50 Public E&P Operators for 2025

Enverus, a leading energy SaaS and analytics platform, has recently unveiled its annual list of the top public onshore exploration and production (E&P) companies in the United States for the year 2025. This list is based on the gross operated production of these companies over the past year, highlighting significant trends within the energy industry.

Key Highlights

ExxonMobil retains its top position in the rankings, reporting an impressive production rate of 1.95 million barrels of oil equivalent per day (MMboe/d). Following closely behind is Expand Energy, formerly known as Chesapeake Energy, with a production rate of 1.75 MMboe/d. ConocoPhillips has also made notable strides, moving up three slots to secure the third position with a production rate of 1.42 MMboe/d. These top three companies are strongly tied to the U.S. Permian Basin, which continues to assert its dominance in oil and gas production, with six out of the ten leading companies designating this region as their primary area of operation.

Shifts in Production Trends

Enverus indicates that current production trends illustrate a growing concentration within the U.S. energy supply landscape at the top tier. Factors such as a pronounced exposure to the Permian Basin, advantages of scale, ongoing consolidation in the energy sector, and improvements in drilling efficiencies contribute to why these major operators are expanding the gap between themselves and smaller counterparts. The movements observed in the Top 50 Operators list are indicative of deeper shifts within the industry, including mergers and acquisitions, regional performances, and optimization of portfolios.

Notable changes within the rankings highlight the impressive year-over-year performance of companies like ConocoPhillips, EQT, Crescent Energy, Range Resources, Chord Energy, and CNX Resources, all of which have gained significant ground over the previous year. New players entering the list include BKV Corporation, TXO Partners, Infinity Natural Resources, and Prairie Operating, illustrating continuous evolution in the Lower 48 energy landscape.

Defining Features of Top Operators

The ranking emphasizes that a key advantage for public operators lies in their capacity to effectively integrate assets, leverage advanced analytics, and refine multi-basin development strategies. This operational agility is becoming increasingly crucial in a market that commands flexibility and strategic foresight.

Methodology Behind the Rankings

Enverus compiled this year’s top public operators' rankings using the Foundations® energy data platform, which takes into account all gross operated production from assets acquired up until December 1, 2025, thus reflecting organic production changes among the listed companies. The rankings include breakdowns of oil, liquids, and gas production, the total number of wells operated, and insights from recent rig count trends. While figures regarding production and rig numbers are current as of mid-2025, the statistics are subject to modifications due to reporting delays.

Conclusion

This year's list not only celebrates the top performers in the E&P sector but also signals ongoing transformation in the landscape of U.S. oil and gas production. Industry stakeholders and analysts alike can glean valuable insights from Enverus' findings, as they navigate the complexities of the energy market in the months to come. As the industry adapts and evolves, companies are likely to continue pursuing innovative strategies to enhance their competitive positioning.