Quick answer: Parallel Petroleum LLC has 12 Texas/Oklahoma drilling permits in the last ten years, 0 of them in the last 12 complete months (— year over year). Its most-permitted county is Andrews (66.7% of permits) and leading target is Permian Basin (100%).
| Year | Permits | Median lateral (ft) |
|---|---|---|
| 2017 | 5 | 5,386 |
| 2018 | 5 | 4,734 |
| Formation / play | Permits | Share |
|---|---|---|
| Permian Basin | 12 | 100% |
| Median permit → spud | 28 days |
| Median spud → first reported production | 48 days |
| Permits older than 12 months that were spudded | 91.7% |
| Spuds older than 12 months reporting production | 81.8% |
| Median lateral, last 24 months vs earlier | — ft vs 5,145 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 2026-11-01.
Parallel Petroleum LLC has 12 Texas/Oklahoma drilling permits in the last ten years, 0 of them in the last 12 complete months (— year over year). Its most-permitted county is Andrews (66.7% of permits) and leading target is Permian Basin (100%).
Across its permits, the median time from permit to spud is 28 days and from spud to first reported production 48 days. 91.7% of its permits older than a year have been spudded.
There are not enough permits with a recorded lateral length to compute a trend.
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.