Quick answer: Subsea Operating Co. has 17 Texas/Oklahoma drilling permits in the last ten years, 2 of them in the last 12 complete months (-60.0% year over year). Its most-permitted county is Throckmorton (88.2% of permits) and leading target is Bend Arch (75%).
| Year | Permits | Median lateral (ft) |
|---|---|---|
| 2025 | 7 | 114 |
| Other years combined (6 years) | 10 | — |
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 |
|---|---|---|
| Throckmorton (TX) | 15 | 88.2% |
| All other counties | 2 | — |
| Formation / play | Permits | Share |
|---|---|---|
| Bend Arch | 12 | 75% |
| Barnett | 4 | 25% |
| Median permit → spud | 29 days |
| Median spud → first reported production | 21 days |
| Permits older than 12 months that were spudded | 80% |
| Spuds older than 12 months reporting production | 91.7% |
| Median lateral, last 24 months vs earlier | 114 ft vs 450 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.
Subsea Operating Co. has 17 Texas/Oklahoma drilling permits in the last ten years, 2 of them in the last 12 complete months (-60.0% year over year). Its most-permitted county is Throckmorton (88.2% of permits) and leading target is Bend Arch (75%).
Across its permits, the median time from permit to spud is 29 days and from spud to first reported production 21 days. 80% of its permits older than a year have been spudded.
Its median lateral on permits from the last 24 months is 114 ft, versus 450 ft on earlier permits (-74.7%).
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.