Permian Plays to Probe: AGYP, RTLR, WTI, BSM, MDMP

The Permian Basin, located in the southwestern U.S. is the largest producing oil basin in the entire country.  Naturally, it was affected by the COVID-19 pandemic.   However, every setback is the opportunity for a great comeback.


According to leading analytics company GlobalData, the Permian Basin is “producing about 4.6 million barrels of oil per day (mmbd) at present and is projected to reach over 4.9 mmbd of crude oil production by mid-2022, which surpasses pre-pandemic production of 4.8 mmbd in February 2020.”

Oil and gas companies in this region are beginning to gain steam, and their stock prices are sure to follow.  Here are a few small to micro-cap plays with interest in the Permian you should research to benefit from this rally in the region:

Allied Energy Corp. (OTCMKTS:AGYP) is a prolific Permian producer turning heads this year by successfully bringing 5 proven wells back online.  The company’s strategy of reworking abandoned wells has been fruitful.  Investors may be overlooking the company’s potential for revenue in 2022, and with oil prices rising above $80 the company’s reported reserves continue to grow in value.    

Rattler Midstream LP (NASDAQ:RTLR) stock has seen solid buying interest over the past few months with a gain of over 9% so far this year and leading the top spot in the oil & gas sector. Moreover, the stock has soared 21% over the past year. On Wednesday, RTLR stock was up 1.73% to $12.38 with more than 186k shares exchanged hands, above its average volume of 226k million shares. 

W&T Offshore Inc. (NASDAQ:WTI) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 25% over the past one month. Moreover, the stock has jumped 30% so far this year. The stock is trading above 92% from its 52-week low and 18% away  from its 52-week high.  

Black Stone Minerals L.P. (NASDAQ:BSM) stock continued to trend higher in Wednesday’s trading session. BSM stock ended higher by 2.57% to $11.97 with more than 527k shares exchanged hands, below its average volume of 366k shares. The stock is trading above 56% from its 52-week low and 6% away from its 52-week high.   

MDM Permian Inc. (OTCMKTS:MDMP) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 30% over the past one year. Moreover, the stock has jumped 3% so far this year. MDM Permian, Inc. engages in the drilling and production of oil and gas properties. It primarily focuses on the oil and gas drilling prospects in the Midland Basin of West Texas.