Petroplex Energy, Inc. is a Midland-based Permian Basin operator with 98 producing wells reported by ShaleXP, whose production coverage extends through September 2026. The supplied YTD drilling report identifies 14 wells with 2026 Activity Dates across five estimated pads in Borden and Reeves counties.
The sales opportunity was: Two distinct development areas are represented: an early-year Borden County Spraberry program and a larger Reeves County Wolfbone/Wolfcamp-area program active from July through October. A Banner Battery air-permit record provides a potential facility connection to the Borden program.
Pad development program
County / basin / play Pad Lease group Wells Recorded activity period Contractor / rig Borden / Midland Basin / Spraberry PAD-001 Banner B and D 2 Jan. 3–13, 2026 Lasso 103 Borden / Midland Basin / Spraberry PAD-002 Banner West A–C 3 Feb. 4–23, 2026 Lasso 103 Reeves / Delaware Basin / Wolfbone–Wolfcamp PAD-003 South Rockfish G; Viperfish Unit A 2 Sept. 20–Oct. 3, 2026 Lasso 103 Reeves / Delaware Basin / Wolfbone PAD-004 South Rockfish D–F and H 4 July 22–Sept. 6, 2026 Lasso 103 Reeves / Delaware Basin / Wolfbone PAD-005 South Rockfish A–C 3 July 26–Sept. 8, 2026 Lasso 104 Total 5 pads 14 Jan. 3–Oct. 3, 2026 2 unique rigs
Borden accounts for two pads and five wells; Reeves accounts for three pads and nine wells. Basin/play classifications use county geography and recorded fields.
Program cadence
Measure All records combined Sales interpretation Average gap between chronologically sorted licence dates 30.2 days Includes same-day licences and gaps between separate programs Average days between consecutive Activity Dates 21.0 days Includes the long interval between February and July activity Average first-to-last licence span per pad 22.6 days Three pads had all licences issued on the same day
The licence-date calculation includes 2025 licences for wells with 2026 activity. Activity gaps measure time between recorded well starts, not drilling duration.
Pad Average days between consecutive activities First-to-last activity span PAD-001 10.0 10 days PAD-002 9.5 19 days PAD-003 13.0 13 days PAD-004 15.3 46 days PAD-005 22.0 44 days
For sales planning, the individual programs show a more concentrated cadence than the overall average: roughly 10–22 days between recorded starts within each pad.
Contractors, rigs and substance
Contractor / rig Wells Share of YTD records Pads represented Lasso 103 11 78.6% 4 Lasso 104 3 21.4% 1 Total 14 100% 5 Substance — as recorded Wells Share Oil or Gas Well 11 78.6% Oil Well 1 7.1% Not reported 2 14.3%
All 14 wells indicate horizontal drilling. Projected depths range from 9,000 to 11,000, totaling 143,300 in aggregate projected depth; this is not verified footage drilled.
Stacked reservoir or full-section development?
Reeves is a candidate for stacked, multi-pad development. All nine Reeves wells share Block 13, Abstract 5274, Section 296, while field labels and well-number suffixes suggest potential interval differentiation. Bone Spring and Wolfcamp are regionally stacked formations, making this interpretation geologically plausible.
However, the supplied records do not establish landing zones, completion intervals or lateral coverage. The sales description should therefore be “concentrated section-level development with potential stacked targets”; neither confirmed stacked development nor full-section drainage is demonstrated. Borden shows two separate multi-well Spraberry groups, with insufficient evidence of multiple target benches.
Air permits and facility connections
Facility County TCEQ details Candidate pad connection Wells potentially associated Banner Battery Borden RN112443478; STDPMT; received May 6, 2026; “OGS New Project Notification for New Registration” PAD-001 and PAD-002, through Banner/Banner West lease-name matches 5
The air-permit report contains eight 2026 records, of which Banner Battery is the only first-word facility-name match to the supplied well report. The remaining seven records do not match these five pads. PP TCEQ Accounts Report – by Da…
Banner is the strongest location for a production-facility sales follow-up: its January–February well activity precedes the May facility notification. This supports a potential transition toward production infrastructure, but the air-permit record alone does not confirm well completion, facility construction or startup, and it does not establish whether the battery serves one or both pads.
For account planning, prioritize Banner for facility-status verification and production-equipment discussions, and South Rockfish/Viperfish for drilling, completion and facility follow-up. No pad can be classified as confirmed completed from the supplied drilling and air-permit records alone.
Author: phinds