Quick answer: R2q Operating LLC has 151 Texas/Oklahoma drilling permits in the last ten years, 4 of them in the last 12 complete months (-20.0% year over year). Its most-permitted county is Wichita (59.6% of permits) and leading target is Palo Duro Basin (53.8%).
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 | 36 | 200 |
| 2018 | 25 | 277 |
| 2019 | 31 | 215 |
| 2020 | 22 | 326 |
| 2021 | 8 | 475 |
| 2022 | 7 | 9,872 |
| 2023 | 5 | — |
| 2025 | 5 | 108 |
| Other years combined (2 years) | 5 | — |
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 |
|---|---|---|
| Wichita (TX) | 90 | 59.6% |
| Archer (TX) | 27 | 17.9% |
| Nolan (TX) | 21 | 13.9% |
| Fisher (TX) | 5 | 3.3% |
| All other counties | 8 | — |
| Formation / play | Permits | Share |
|---|---|---|
| Palo Duro Basin | 77 | 53.8% |
| Barnett | 29 | 20.3% |
| Permian Basin | 29 | 20.3% |
| Bend Arch | 3 | 2.1% |
| All other / unclassified | 5 | — |
| Median permit → spud | 17 days |
| Median spud → first reported production | 62 days |
| Permits older than 12 months that were spudded | 91.1% |
| Spuds older than 12 months reporting production | 82.7% |
| Median lateral, last 24 months vs earlier | 108 ft vs 277 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.
R2q Operating LLC has 151 Texas/Oklahoma drilling permits in the last ten years, 4 of them in the last 12 complete months (-20.0% year over year). Its most-permitted county is Wichita (59.6% of permits) and leading target is Palo Duro Basin (53.8%).
Across its permits, the median time from permit to spud is 17 days and from spud to first reported production 62 days. 91.1% of its permits older than a year have been spudded.
Its median lateral on permits from the last 24 months is 108 ft, versus 277 ft on earlier permits (-61.0%).
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.