Quick answer: Bpx Operating Company has 1,671 Texas/Oklahoma drilling permits in the last ten years, 139 of them in the last 12 complete months (-40.9% year over year). Its most-permitted county is Reeves (34.9% of permits) and leading target is Permian Basin (25%).
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 | 126 | 5,602 |
| 2018 | 135 | 6,354 |
| 2019 | 204 | 5,804 |
| 2020 | 250 | 6,752 |
| 2021 | 119 | 7,391 |
| 2022 | 144 | 7,954 |
| 2023 | 162 | 8,450 |
| 2024 | 176 | 9,923 |
| 2025 | 227 | 8,293 |
| 2026 | 117 | 6,549 |
| County | Permits | Share |
|---|---|---|
| Reeves (TX) | 583 | 34.9% |
| De Witt (TX) | 383 | 22.9% |
| Mcmullen (TX) | 215 | 12.9% |
| Karnes (TX) | 193 | 11.5% |
| La Salle (TX) | 93 | 5.6% |
| Angelina (TX) | 50 | 3% |
| Loving (TX) | 42 | 2.5% |
| San Augustine (TX) | 40 | 2.4% |
| Culberson (TX) | 33 | 2% |
| Nacogdoches (TX) | 24 | 1.4% |
| All other counties | 15 | — |
| Formation / play | Permits | Share |
|---|---|---|
| Permian Basin | 384 | 25% |
| Gulf Coast Basin (La - Tx) | 338 | 22% |
| Austin Chalk | 328 | 21.4% |
| Avalon-Bone Spring | 212 | 13.8% |
| Olmos | 155 | 10.1% |
| Stuart City-Edwards | 78 | 5.1% |
| All other / unclassified | 40 | — |
| Median permit → spud | 90 days |
| Median spud → first reported production | 184 days |
| Permits older than 12 months that were spudded | 87.1% |
| Spuds older than 12 months reporting production | 87.5% |
| Median lateral, last 24 months vs earlier | 8,280 ft vs 7,468 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.
Bpx Operating Company has 1,671 Texas/Oklahoma drilling permits in the last ten years, 139 of them in the last 12 complete months (-40.9% year over year). Its most-permitted county is Reeves (34.9% of permits) and leading target is Permian Basin (25%).
Across its permits, the median time from permit to spud is 90 days and from spud to first reported production 184 days. 87.1% of its permits older than a year have been spudded.
Its median lateral on permits from the last 24 months is 8,280 ft, versus 7,468 ft on earlier permits (+10.9%).
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.