Enverus has released its annual list of the nation’s most prolific private E&Ps, and surprisingly the top two aren’t Texas-based. As a matter of fact, only one of the two operates in the Permian, and even those assets aren’t the biggest contributor to its total volumes. But they both share one thing in common.
Reese Energy Consulting today is following the latest from Enverus, which leverages its software-based analytical and mathematical wizardry to compile E&P intelligence. The new list ranks the leading 100 private U.S. producers based on 2022 production volumes.
Coming in at number one is Okla. City-based Continental Resources with a total output of 591.3 MBOED, primarily from the Bakken and Anadarko. Continental for the year produced 279.2 MBPD liquids and 1.87 BCFD gas, which also included its production in the Permian. The company entered the Permian in November 2021 when it acquired Pioneer’s Delaware assets for $3.25 billion and snapped up 55 MBOED across 92,000 net acres. This marks the first time Continental has appeared on the list since going private last December.
Taking a comfortable second place is yet another Okie (sorry, not sorry Texas) that’s now the largest natural gas producer in Ohio. That crown belongs to Okla. City-based Ascent Resources, which held the Enverus top spot last year. Ascent in 2022 produced 423.8 MBOED in the Utica, including 15.7 MBPD liquids and a whopping 2.4 BCFD gas. Nice job, home boys.