Enverus Releases Its Annual Ranking of Top 100 Private Operators for 2024

Enverus Unveils 2024 Top 100 Private Operators



Enverus, renowned as the leading energy-focused SaaS company leveraging generative AI, has unveiled its much-anticipated list of the Top 100 Private Operators in the U.S. for 2024. This annual ranking, which assesses operators based on gross operated production, well count, and drilling activity, reflects remarkable shifts in the industry as it adapts to consolidation and fluctuating energy markets.

A Year of Change and New Faces


The latest list highlights the dynamic nature of the oil and gas sector, featuring eight new operators who have made notable entries. Continental Resources remains at the forefront, retaining the top position for another year. However, Mewbourne Oil has impressively climbed from fourth to second place, underscoring the rapid changes in operator standings. Aethon Energy, continuing its strong performance, holds the third spot this year.

Shawn Stuart, principal analyst at Enverus, commented on the transformative landscape. He noted, "This year's Top 100 list is indicative of a private operator ecosystem reshaped drastically over the past two years. The remaining players are more diverse geographically, and new entrants are methodically pursuing acquisitions as core assets consolidate."

Shifts Towards Gas and Innovation


Stuart emphasized the growing focus on gas-rich regions and innovation in production techniques. He pointed out a resurgence in older basins like the Permian, along with a renewed interest in less popular areas such as the SCOOP and STACK plays. Operators are innovating with techniques such as longer lateral drilling and refracs, which aim to optimize yield and enhance productivity.

Despite the current challenges posed by market fluctuations, Stuart remains optimistic about the future. He stated, "While the macro environment presents challenges for private companies to scale, there is a considerable amount of private capital that has been raised, ready to explore new ventures once stability returns. This could involve acquiring high-production assets or shifting focus towards underappreciated gas sectors."

The list utilizes comprehensive data sourced from Enverus Foundations and Activity Analytics, providing an in-depth overview of production types, company well counts, and rig programs not only for 2024 but in comparison to previous years. The complete insights are documented in Upstream Pulse, a bi-monthly report dedicated to trends in exploration and production within the North American and global oil and gas markets.

Enverus: Pioneering Energy Solutions


Enverus has firmly established itself as a leader in the energy sector through innovative technology and analytics. With a platform that integrates generative AI, it provides vital insights and benchmarking data derived from over 95% of U.S. energy producers and more than 40,000 suppliers.

By enabling improved production and distribution efficiencies, along with better capital allocation and renewable energy development, Enverus aids over 8,000 customers across 50 countries, marking its significant impact on the energy ecosystem.

As private operators continue to evolve alongside industry maturity, the 2024 Top 100 list serves as a crucial guide for understanding where the energy sector is headed. With many challenges and opportunities ahead, the resilience and adaptability of private operators will play a pivotal role in shaping the future of energy production.

Topics Energy)

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