Drilling permits
A permit is an operator telling the state — in public, with money attached — where it intends to drill. Permit velocity is the clearest leading indicator of development, and development is the part of your value a mailbox offer is least likely to pay for.
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How a seller reads this
- Trend over level. The 12-month average rising in your state means operators are accelerating — and buyers are mailing offers ahead of it.
- An offer plus a permit wave is not a coincidence. Buyers track filings at the county and survey level. If the letters started recently, check what was filed recently.
- Our underwriting goes a level deeper — county and tract-level activity around your specific interest, priced as its own line in the valuation. State trends tell you when to ask; we price what it’s worth.
Source: state regulator filings (e.g., TX RRC W-1 approved new-drill permits). Snapshot data; refreshed periodically.
Permits moving in your state? Find out what it means for your acres.
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