Quick answer: Valence Operating Company has 101 Texas/Oklahoma drilling permits in the last ten years, 5 of them in the last 12 complete months (-54.5% year over year). Its most-permitted county is Smith (20.8% of permits) and leading target is East Texas Basin (35.9%).
| Year | Permits | Median lateral (ft) |
|---|---|---|
| 2017 | 21 | 7,923 |
| 2018 | 11 | 8,638 |
| 2019 | 12 | 8,824 |
| 2020 | 10 | 9,977 |
| 2021 | 8 | 5,615 |
| 2022 | 7 | 5,314 |
| 2023 | 6 | 9,157 |
| 2024 | 7 | 9,728 |
| 2025 | 11 | 8,367 |
| 2026 | 4 | 12,975 |
| County | Permits | Share |
|---|---|---|
| Smith (TX) | 21 | 20.8% |
| Atascosa (TX) | 19 | 18.8% |
| Harrison (TX) | 17 | 16.8% |
| Wood (TX) | 15 | 14.9% |
| Cherokee (TX) | 9 | 8.9% |
| Panola (TX) | 4 | 4% |
| Rusk (TX) | 4 | 4% |
| Hopkins (TX) | 3 | 3% |
| Mcmullen (TX) | 3 | 3% |
| All other counties | 6 | — |
| Formation / play | Permits | Share |
|---|---|---|
| East Texas Basin | 33 | 35.9% |
| Cotton Valley | 22 | 23.9% |
| Travis Peak | 17 | 18.5% |
| Austin Chalk | 12 | 13% |
| Gulf Coast Basin (La - Tx) | 8 | 8.7% |
| Median permit → spud | 63 days |
| Median spud → first reported production | 99 days |
| Permits older than 12 months that were spudded | 86.6% |
| Spuds older than 12 months reporting production | 88.6% |
| Median lateral, last 24 months vs earlier | 9,664 ft vs 8,201 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.
Valence Operating Company has 101 Texas/Oklahoma drilling permits in the last ten years, 5 of them in the last 12 complete months (-54.5% year over year). Its most-permitted county is Smith (20.8% of permits) and leading target is East Texas Basin (35.9%).
Across its permits, the median time from permit to spud is 63 days and from spud to first reported production 99 days. 86.6% of its permits older than a year have been spudded.
Its median lateral on permits from the last 24 months is 9,664 ft, versus 8,201 ft on earlier permits (+17.8%).
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.