Quick answer: Petex has 29 Texas/Oklahoma drilling permits in the last ten years, 0 of them in the last 12 complete months (-100.0% year over year). Its most-permitted county is Stephens (34.5% of permits) and leading target is Barnett (51.7%).
| Year | Permits | Median lateral (ft) |
|---|---|---|
| 2017 | 11 | 115 |
| 2018 | 4 | 114 |
| 2019 | 5 | — |
| 2024 | 3 | — |
| 2025 | 3 | 114 |
| Other years combined (2 years) | 3 | — |
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 |
|---|---|---|
| Stephens (TX) | 10 | 34.5% |
| Callahan (TX) | 5 | 17.2% |
| Throckmorton (TX) | 4 | 13.8% |
| All other counties | 10 | — |
| Formation / play | Permits | Share |
|---|---|---|
| Barnett | 15 | 51.7% |
| Bend Arch | 6 | 20.7% |
| Permian Basin | 6 | 20.7% |
| All other / unclassified | 2 | — |
| Median permit → spud | 33 days |
| Median spud → first reported production | 32 days |
| Permits older than 12 months that were spudded | 62.1% |
| Spuds older than 12 months reporting production | 88.9% |
| Median lateral, last 24 months vs earlier | 114 ft vs 115 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 2026-10-18.
Petex has 29 Texas/Oklahoma drilling permits in the last ten years, 0 of them in the last 12 complete months (-100.0% year over year). Its most-permitted county is Stephens (34.5% of permits) and leading target is Barnett (51.7%).
Across its permits, the median time from permit to spud is 33 days and from spud to first reported production 32 days. 62.1% of its permits older than a year have been spudded.
Its median lateral on permits from the last 24 months is 114 ft, versus 115 ft on earlier permits (-0.9%).
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.