Mewbourne Oil Co.
About
Established in 1965, Mewbourne Oil Co. has grown into one of the more prominent independent oil and natural gas producers in the Anadarko and Permian Basins of Texas, Oklahoma and New Mexico. The company's success over the years can be attributed to a conservative approach to the business and a philosophy of managing all phases of operations from "prospect to pipeline."
From the Company's headquarters in Tyler, Texas, and with its three exploration offices located in Amarillo and Midland, Texas, and Oklahoma City along with four operation offices located in Perryton and Midland, Texas, Woodward, Okla., and Hobbs, N.M., Mewbourne Oil Co. develops oil and natural gas prospects, acquires leasehold interests, and serves as the operator in the drilling, completion and production of oil and natural gas wells. The company has focused its efforts on two of this country's most prolific producing regions, the Anadarko and Permian basins. The Anadarko and Permian basins have produced more than 42 billion barrels of oil and 220 trillion cubic feet of natural gas and contain many of the largest oil and natural gas fields in the U.S.
With over 50 years of experience operating in the Anadarko and Permian Basins, the company has developed an organization with extensive knowledge of the operations and opportunities which exist in these two producing areas. The long history of oil and natural gas drilling in these basins has provided an abundance of valuable historical data. Mewbourne's professionals are adept at utilizing this data to secure leasehold rights, evaluate potential drill sites and assess operations
Historically, the company has emphasized establishing long-life natural gas and oil reserves through the drilling of medium-depth vertical and horizontal wells between 3,000 and 20,000 feet deep. Prospective drill sites generally include field extensions, step-outs, trend plays and other anomalies that are believed to be contiguous to areas where the presence of oil and natural gas has already been established. The company currently operates over 2,100 wells.
Headquarters Address
P.O. Box 7698
Tyler, TX 75711
United States
Website
mewbourne.netMain Phone Number
News
Tom Ward: Mach Looks to Other Basins as Midcon Competition Heats Up
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Private Oil Producers Dwindle Amid Consolidation in New Top Operators List
According to a compilation by Enverus in an exclusive partnership with Oil and Gas Investor, the list of the top 20 private oil producers has been reshaped following a period of massive M&A.
Industry Consolidation Reshapes List of Top 100 Private Producers in the Lower 48
Public-private M&A brings new players to top slots in private operators list.
By the Horns: Matador Wrangles Ameredev Deal for Delaware Scale
Matador Resources expects its enterprise value to reach $11.5 billion after acquiring Ameredev II for $1.9 billion in cash—not bad for a brand launched in 1983 with friends-and-family financing.
Permian Pulse: Franklin Mountain Stands Out Among Delaware M&A Targets
Franklin Mountain was a relative nobody when the company bid for Delaware Basin acreage in a 2018 BLM auction. Today, it’s one of the largest private U.S. oil producers and a major target for acquisition.
Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out
As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.
Decoding the Delaware: How E&Ps Are Unlocking the Future
The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
After Record Year, Permian Basin Set for Even More M&A in 2024
The big have grown bigger and Tier 1 acreage is even pricier in America’s hottest oil basin.
Exclusive: Ken Waits on Balancing the Energy Transition
Ken Waits, CEO of Mewbourne Oil Co., says the energy transition is really an energy addition that will require renewables to power the world alongside other forms of energy, including oil and gas.
In Midland, Endeavor Is ‘The Clear Belle of the M&A Ball’
Who might be the winning buyer and what’s in the asset package? J.P. Morgan Securities analyst Arun Jayaram takes a deep dive.
The OGInterview: Mewbourne Oil CEO Ken Waits [WATCH]
Hart Energy's Jordan Blum spoke to Mewbourne Oil CEO Ken Waits about the company's unique approach during the pandemic, how it's aiding in global oil and gas supply and the evolving world of energy education.
The Biggest Little Producer in the Permian
Mewbourne Oil CEO Ken Waits shares the strategy that propelled the 58-year-old private company to the top of the nation’s most prolific play, the Permian Basin.
Ranked: The Top 100 Private E&Ps
Enverus ran the numbers and analyzed the most prolific private E&Ps in the Lower 48 and Gulf of Mexico.