Company: WBI
Filing Date: 2025-04-18
Form Type: DRS
Source: 0000950123-25-003575
Chunk: 147

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-04-18
Form: DRS
Chunk 147
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, the basin has averaged 293 active rigs in total.

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For the last three years, more than 5,000 Permian wells per year have been TIL with the basin averaging more than 4,500 TILs per year since 2014. Over the last decade, the number of TILs per average rig running has increased significantly largely due to drilling efficiency gains driven by pad development, allowing for multiple wells to be drilled from the same pad, and other technological and logistical advancements.

Source: Enverus, data and analytics derived from Enverus PRISM® March 2025.

Delaware Basin

Relative production growth in the Delaware Basin has been even more pronounced compared to the overall Permian Basin over the same period. Total oil production in the Delaware Basin has increased more than eight-fold since 2014 from 0.4 million bpd to more than 3.2 million bpd in 2024, representing a CAGR of approximately 21%. Over the same time period, total water production in the Delaware Basin has increased nearly seven-fold from 1.7 million bpd to more than 11.8 million bpd in 2024, representing a CAGR of approximately 19%.

Source: Enverus, data and analytics derived from Enverus PRISM® March 2025.

There were 163 rigs running in the Delaware Basin as of March 31, 2025, representing 33% of all rigs running in the United States and 62% of all rigs running in the Permian Basin.

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In the last three years, there have been more than 2,800 TILs per year in the Delaware Basin with the basin averaging more than 2,100 TILs per year since 2014. Similar to the Permian Basin, the number of Delaware Basin TILs per average rig running has increased significantly over the last decade as drilling efficiency has improved.

Source: Enverus, data and analytics derived from Enverus PRISM® March 2025; Average active rigs and TILs based on the Delaware Basin boundary as defined by Enverus

The Delaware Basin has some of the highest quality and most economic drilling inventory in the United States. As a result, basin-wide rig counts tend to be less affected by commodity price dislocations than other basins. Since 2014, the Delaware Basin has accounted for an average of 26