July 3, 2025 – Midland, Texas
Perimeter Resource Company has formally acquired an air permit from JM Cox Resources LP for the ODC Facility, located west of Seagraves in Gaines County, Texas. The change of ownership was approved and issued on June 24, 2025, under Permit #143348, marking a key regulatory milestone in the company’s operational expansion across the Permian Basin.
Permian Basin Account Directory – $10
Includes: Account, Location, Phone, Website, Wells Drilled
đź“Ť Location Overview: Permian Basin Development Footprint
The ODC Facility sits in the heart of the Permian Basin’s western flank—approximately 5.8 miles west of Seagraves on TX 83 and 1.7 miles south along County Road 203. This strategic location provides access to vital upstream infrastructure and plays a critical role in supporting Perimeter’s drilling and production operations.
With several air permits tied to both Crane and Gaines counties, Perimeter is positioning itself as a growing mid-sized player in the West Texas oil patch. These sites likely support field compression, produced gas handling, tank batteries, or saltwater disposal—each requiring state-issued air permits for compliance under TCEQ (Texas Commission on Environmental Quality) standards.
đź“‘ Permit Transfer Details
The permit transfer involved a New Source Review (NSR) and was categorized as a “Change of Ownership” (OWNCHANGE) for the ODC Facility. This regulatory action ensures continued environmental compliance under the new operator and reflects Perimeter’s ongoing strategy of acquiring and optimizing legacy assets from other independent producers.
🗂️ Summary of Perimeter Resource Company Air Permits
| Account Name | Regulated Entity | County | Near City | Project Type | Received Date | Previous Owner |
|---|---|---|---|---|---|---|
| JERRY COWDEN | RN111688065 | CRANE | CRANE | INITIAL | 03/11/2023 | (Not Listed) |
| NELLIE HARRIS | RN111688826 | CRANE | CRANE | INITIAL | 03/11/2023 | (Not Listed) |
| QUASAR-COWDEN LEASE | RN111688149 | CRANE | CRANE | INITIAL | 03/11/2023 | (Not Listed) |
| ODANIEL LEASE | RN111546701 | GAINES | SEMINOLE | NOTIFYNEW | 08/14/2022 | (Not Listed) |
| ODC FACILITY | RN109444166 | GAINES | SEAGRAVES | OWNCHANGE | 06/24/2025 | JM COX RESOURCES LP |
🔍 What It Means for the Permian Market
As oil prices stabilize in the $70–75/bbl range and M&A activity continues across Texas, permit transfers such as this signal a renewed focus on buy-and-optimize strategies by smaller E&Ps. Rather than initiate new construction, Perimeter is tapping into existing infrastructure and permitting pathways—allowing for faster ramp-up times and lower environmental risk.
With a growing footprint in Crane and Gaines counties, the company is expected to remain active in both the development and acquisition of facilities that support oil and gas production in the Permian Basin.
