Quick answer: Petroplex Energy Inc. has 56 Texas/Oklahoma drilling permits in the last ten years, 22 of them in the last 12 complete months (+46.7% year over year). Its most-permitted county is Reeves (33.9% of permits) and leading target is Permian Basin (98.2%).
| Year | Permits | Median lateral (ft) |
|---|---|---|
| 2023 | 4 | 5,223 |
| 2024 | 11 | 8,306 |
| 2025 | 21 | 8,717 |
| 2026 | 16 | 6,812 |
| 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 |
|---|---|---|
| Reeves (TX) | 19 | 33.9% |
| Midland (TX) | 17 | 30.4% |
| Borden (TX) | 14 | 25% |
| Martin (TX) | 4 | 7.1% |
| All other counties | 2 | — |
| Formation / play | Permits | Share |
|---|---|---|
| Permian Basin | 55 | 98.2% |
| All other / unclassified | 1 | — |
| Median permit → spud | 39 days |
| Median spud → first reported production | 217 days |
| Permits older than 12 months that were spudded | 91.2% |
| Spuds older than 12 months reporting production | 92.3% |
| Median lateral, last 24 months vs earlier | 7,928 ft vs 8,301 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.
Petroplex Energy Inc. has 56 Texas/Oklahoma drilling permits in the last ten years, 22 of them in the last 12 complete months (+46.7% year over year). Its most-permitted county is Reeves (33.9% of permits) and leading target is Permian Basin (98.2%).
Across its permits, the median time from permit to spud is 39 days and from spud to first reported production 217 days. 91.2% of its permits older than a year have been spudded.
Its median lateral on permits from the last 24 months is 7,928 ft, versus 8,301 ft on earlier permits (-4.5%).
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.