EOG Resources Sees Fresh Permitting and Spudding Activity in New Mexico and Texas, Signaling Capital Deployment

EOG Resources continues its upstream momentum with a surge of new drilling permits and recent well spudding activity, highlighting renewed capital deployment in key growth regions.

Active Permitting in New Mexico’s Lea County

On September 3, 2026, EOG Resources filed at least six new horizontal well permits in Lea County, New Mexico, including the LOOSE STONES 18 FEDERAL COM #582H, #102H, #601H, #602H, #222H, and #551H, all designated for oil production. These filings underscore renewed activity in the prolific Permian Basin region. In total, EOG holds 2,666 drilling permits in New Mexico, of which 2,549 are horizontal wells—reflecting the company’s continued expansion in horizontal drilling opportunities. The majority of the permits are concentrated in Lea County, with 1,899, followed by 623 in Eddy County. 

These statistics are based on data from the New Mexico Oil Conservation Division through September 3, 2026. 

Spudding Resumes Across Key Permian and Gulf Regions

In parallel, recent well spud records show that EOG started drilling several wells within the past 90 days across multiple formations. Notably, on September 11, 2026, activity began on wells including Shiprock 5 Fed Com #712h in Lea County (Permian Basin), Kerr H 8h in La Salle County, Texas (Gulf Coast Basin), Fiesta G 7h in Karnes County, Texas, and Howitzer 0214‑39h in Campbell County, Wyoming. These spudding operations demonstrate the company’s geographic reach and operational pace in both Permian and Gulf Coast plays. 

Why This Matters for Investors

Fresh permitting and spudding activity signals EOG’s intent to sustain growth and production momentum. These upstream moves often precede production increases and can strengthen investor confidence in the company’s capital execution strategy.

Next Steps to Watch

Investors should monitor subsequent filings and reports that indicate completion rates or production commencement. Specifically, updates on first production dates or new volume contributions from these wells will be key to understanding the investment’s tangible returns.

While these upstream developments are meaningful, it’s important to note that they do not directly imply immediate changes in stock performance or cash flow—those outcomes will become clearer as spudding progresses into production.

As of September 23, 2026, EOG Resources shares are trading at 141.84, reflecting a 0.5% increase compared with the prior trading day, according to the most recent verified trading data.

Investors should continue tracking EOG’s investor communications and state filing updates to gauge how these drilling activities translate into operational results.