Quick answer: Basin Oil & Gas Inc has 158 Texas/Oklahoma drilling permits in the last ten years, 53 of them in the last 12 complete months (+96.3% year over year). Its most-permitted county is Winkler (58.9% of permits) and leading target is Permian Basin (77.3%).
The most recent permit month is the current, partial month, which the 12-month count does not include yet.
| Year | Permits | Median lateral (ft) |
|---|---|---|
| 2017 | 6 | 147 |
| 2018 | 5 | 200 |
| 2019 | 11 | 510 |
| 2022 | 9 | 638 |
| 2023 | 10 | 5,696 |
| 2024 | 24 | 471 |
| 2025 | 47 | 158 |
| 2026 | 38 | 178 |
| Other years combined (2 years) | 4 | — |
Years with fewer than three permits are combined with at least one other year, so no single year's count is published.
| County | Permits | Share |
|---|---|---|
| Winkler (TX) | 93 | 58.9% |
| Terry (TX) | 36 | 22.8% |
| Gaines (TX) | 11 | 7% |
| Hockley (TX) | 9 | 5.7% |
| Nueces (TX) | 5 | 3.2% |
| Ector (TX) | 3 | 1.9% |
| All other counties | 1 | — |
| Formation / play | Permits | Share |
|---|---|---|
| Permian Basin | 116 | 77.3% |
| Thirty-One Carbonate-Chert | 28 | 18.7% |
| Gulf Coast Basin (La - Tx) | 5 | 3.3% |
| All other / unclassified | 1 | — |
| Median permit → spud | 36 days |
| Median spud → first reported production | 43 days |
| Permits older than 12 months that were spudded | 94.5% |
| Spuds older than 12 months reporting production | 88.6% |
| Median lateral, last 24 months vs earlier | 186 ft vs 271 ft |
Groups with fewer than three permits are folded into "all other". Computed by Valor from public oil and gas data; refreshed weekly. Data as of 2026-09-29.
Basin Oil & Gas Inc has 158 Texas/Oklahoma drilling permits in the last ten years, 53 of them in the last 12 complete months (+96.3% year over year). Its most-permitted county is Winkler (58.9% of permits) and leading target is Permian Basin (77.3%).
Across its permits, the median time from permit to spud is 36 days and from spud to first reported production 43 days. 94.5% of its permits older than a year have been spudded.
Its median lateral on permits from the last 24 months is 186 ft, versus 271 ft on earlier permits (-31.4%).
No. Valor publishes permit activity as statistics — counts by year, county and formation groupings of three or more permits, lateral trends and cycle times — rather than individual permit records.
These statistics are computed by Valor from public oil and gas data. © Valor, all rights reserved.