Quick answer: Ring Energy, Inc. has 856 Texas/Oklahoma drilling permits in the last ten years, 43 of them in the last 12 complete months (+13.2% year over year). Its most-permitted county is Crane (38.1% of permits) and leading target is Permian Basin (69.1%).
| Year | Permits | Median lateral (ft) |
|---|---|---|
| 2017 | 106 | 5,275 |
| 2018 | 108 | 5,200 |
| 2019 | 90 | 5,287 |
| 2020 | 44 | 1,199 |
| 2021 | 126 | 587 |
| 2022 | 148 | 146 |
| 2023 | 76 | 146 |
| 2024 | 84 | 1,393 |
| 2025 | 27 | 793 |
| 2026 | 42 | 6,624 |
| County | Permits | Share |
|---|---|---|
| Crane (TX) | 326 | 38.1% |
| Andrews (TX) | 212 | 24.8% |
| Yoakum (TX) | 171 | 20% |
| Ector (TX) | 80 | 9.3% |
| Gaines (TX) | 61 | 7.1% |
| Culberson (TX) | 6 | 0.7% |
| Formation / play | Permits | Share |
|---|---|---|
| Permian Basin | 564 | 69.1% |
| Thirty-One Carbonate-Chert | 230 | 28.2% |
| Morrow | 17 | 2.1% |
| Avalon-Bone Spring | 5 | 0.6% |
| Median permit → spud | 54 days |
| Median spud → first reported production | 35 days |
| Permits older than 12 months that were spudded | 85% |
| Spuds older than 12 months reporting production | 87.2% |
| Median lateral, last 24 months vs earlier | 4,480 ft vs 2,810 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.
Ring Energy, Inc. has 856 Texas/Oklahoma drilling permits in the last ten years, 43 of them in the last 12 complete months (+13.2% year over year). Its most-permitted county is Crane (38.1% of permits) and leading target is Permian Basin (69.1%).
Across its permits, the median time from permit to spud is 54 days and from spud to first reported production 35 days. 85% of its permits older than a year have been spudded.
Its median lateral on permits from the last 24 months is 4,480 ft, versus 2,810 ft on earlier permits (+59.4%).
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.