Quick answer: Formentera Operations LLC has 439 Texas/Oklahoma drilling permits in the last ten years, 27 of them in the last 12 complete months (+58.8% year over year). Its most-permitted county is Crane (18.9% of permits) and leading target is Thirty-One Carbonate-Chert (26.9%).
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 | 83 | 4,922 |
| 2018 | 65 | 4,740 |
| 2019 | 67 | 6,976 |
| 2020 | 4 | 6,356 |
| 2021 | 14 | 5,706 |
| 2022 | 50 | 144 |
| 2023 | 53 | 1,017 |
| 2024 | 27 | 5,323 |
| 2025 | 21 | 9,387 |
| 2026 | 30 | 11,154 |
| County | Permits | Share |
|---|---|---|
| Crane (TX) | 83 | 18.9% |
| Frio (TX) | 76 | 17.3% |
| Winkler (TX) | 69 | 15.7% |
| Oklahoma (OK) | 65 | 14.8% |
| Canadian (OK) | 45 | 10.3% |
| Kingfisher (OK) | 31 | 7.1% |
| Garfield (OK) | 24 | 5.5% |
| Grady (OK) | 16 | 3.6% |
| Ector (TX) | 12 | 2.7% |
| Andrews (TX) | 5 | 1.1% |
| All other counties | 13 | — |
| Formation / play | Permits | Share |
|---|---|---|
| Thirty-One Carbonate-Chert | 117 | 26.9% |
| Anadarko Basin | 85 | 19.5% |
| Chautauqua Platform | 69 | 15.9% |
| Permian Basin | 50 | 11.5% |
| Gulf Coast Basin (La - Tx) | 49 | 11.3% |
| Woodford | 32 | 7.4% |
| All other / unclassified | 33 | — |
| Median permit → spud | 31 days |
| Median spud → first reported production | 72 days |
| Permits older than 12 months that were spudded | 94.8% |
| Spuds older than 12 months reporting production | 92.9% |
| Median lateral, last 24 months vs earlier | 10,815 ft vs 4,892 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.
Formentera Operations LLC has 439 Texas/Oklahoma drilling permits in the last ten years, 27 of them in the last 12 complete months (+58.8% year over year). Its most-permitted county is Crane (18.9% of permits) and leading target is Thirty-One Carbonate-Chert (26.9%).
Across its permits, the median time from permit to spud is 31 days and from spud to first reported production 72 days. 94.8% of its permits older than a year have been spudded.
Its median lateral on permits from the last 24 months is 10,815 ft, versus 4,892 ft on earlier permits (+121.1%).
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.