Mewbourne Oil Company

What Mewbourne Oil Company does

Mewbourne Oil Company is a privately held oil and gas exploration and production (E&P) company headquartered in Tyler, Texas, founded in 1965 by Curtis W. Mewbourne. The company operates in the Permian Basin, one of the most prolific onshore hydrocarbon plays in the United States, and focuses on upstream drilling, completion, and production operations across its acreage position. Its revenue model is the standard upstream commodity model: Mewbourne produces crude oil, natural gas, and natural gas liquids from operated wells and sells them at prevailing market prices into U.S. midstream gathering systems, pipelines, and downstream buyers. The company does not publicly disclose production volumes, reserves, realized pricing, or financial results.

In 2024, Mewbourne climbed from fourth to second place in Enverus Intelligence Research's annual Top 100 Private Operators ranking — which weights gross operated production, well count, and rig movements — positioning it behind only Continental Resources and ahead of Aethon Energy among U.S. private peers. The firm employs 501–1,000 people and is led by a founder-led executive team including President & CEO Ken Waits, CFO Roe Buckley, and CIO Gregory Andersen. The company has no publicly disclosed parent, institutional investors, or M&A activity in the available data, and its capital structure is opaque given private status; a single $25.14M funding round is recorded in May 2019. Mewbourne has no disclosed AI, proprietary technology platform, or differentiated product offering beyond conventional E&P operations.

Name

Mewbourne Oil Company

Legal name

Mewbourne Oil Company

Website

https://mewbourne.net

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mewbourne Oil Company is a private, founder-led oil and gas exploration and production company founded in 1965, operating in the Permian Basin. Ranked #2 on Enverus's 2024 Top 100 U.S. Private Operators list, it sells crude oil, natural gas, and NGLs into U.S. commodity markets.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Crude Petroleum Extraction (21112), Drilling Oil and Gas Wells (213111), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

akta.pro secondary industry

Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)

Keywords

• Oil and gas exploration
• Upstream oil production
• Natural gas extraction
• Permian Basin operations
• Hydrocarbon exploration

Headquarters

HQ city

Tyler

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Others

Core offering

Mewbourne Oil Company is a privately held oil and gas exploration and production (E&P) company that operates primarily in the Permian Basin. The company drills, operates, and produces crude oil and natural gas from operated wells across the basin, with activity ranked by gross operated production, well count, and rig movements.

Product overview

Mewbourne Oil Company is a private oil and gas exploration and production company. According to Enverus Intelligence Research's 2024 Top 100 Private Operators report, Mewbourne Oil climbed from fourth to second place among U.S. private oil and gas producers based on gross operated production, well count, and rig movements. The company's specific product and service offerings are not detailed in the available sources.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Devon Energy: Large-cap U.S. independent with significant Delaware Basin (Permian) footprint. Comparable as a public Permian operator against which Mewbourne's private operational and economic performance is benchmarked by industry analysts.
• Diamondback Energy: Large-cap public Permian pure-play that completed the transformative acquisition of Endeavor Energy. Comparable as a Permian-focused operator competing for the same acreage, services, and capital; provides a public-market proxy for asset values in Mewbourne's core basin.
• Apache Corporation: Independent U.S. E&P with Permian Basin operations, historically active in mid-continent and Delaware sub-basin plays. Comparable as a public independent with overlapping operational profile and risk exposure.
• Hilcorp Energy: One of the largest privately held U.S. E&Ps with a track record of acquiring mature producing assets. Comparable as a large private operator competing for similar upstream opportunities and capital allocation discipline.
• EOG Resources: Major U.S. independent E&P with material Permian presence and a long track record of organic production growth. Comparable as a high-quality, capital-efficient U.S. unconventional operator and benchmark for what scaled, disciplined Permain producers look like.
• Cimarex Energy (now part of Coterra): Permian-focused operator that combined with Cabot and Cimarex in 2021. Comparable as a Permian-focused player; serves as a public reference point for basin economics and capital return profiles relevant to Mewbourne.

Direct peers

• Continental Resources: Held the #1 position on Enverus's 2024 Top 100 Private Operators ranking, directly ahead of Mewbourne at #2. Comparable as a major U.S. private upstream operator with significant horizontal drilling activity and Permian/Bakken exposure.
• Endeavor Energy Resources: Premier Permian-focused private operator acquired by Diamondback Energy for ~$26B in 2024. Comparable as a scaled private Permian pure-play with similar drilling intensity and asset base, representing a recent valuation benchmark for top-tier private Permian producers.
• Aethon Energy: Held the #3 position on the same Enverus 2024 ranking. Closely comparable as a top-tier U.S. private E&P operator active in the Permian Basin with similar production, well count, and rig-movement ranking methodology.

Others

• Parsley Energy (acquired by Pioneer, now ExxonMobil): Former independent Permian pure-play acquired by Pioneer Natural Resources in 2021, now under ExxonMobil following the 2024 Pioneer acquisition. Comparable as a Permian-focused operator whose acquisition history provides transaction-multiple reference points.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mewbourne Oil Company