Respectfully, you are missing the point. The PBR process is a regulatory, clerical, and administrative permitting system.
It simplifies and streamlines the issuance of trivial regulatory and revenue permits. The competence of TCEQ staff is irrelevant, and I made (or make) no claim about that aspect of the agency.
The PBR was obtained in four days, from desk to desk. It is trivial, and essentially is rubber-stamped if the forms are correctly filled out and the application appears complete.
This is topical about MMEX - Conoco-Phillips and Exxon-Mobil are not relevant. Any entity that produces emissions has to comply with TCEQ. Some are PBR, some are more complex permits and applications.
Given I made no claims about the competence of TCEQ staff, and that other companies and their permits are not relevant to MMEX, and that I made no claim that any company's PBR is "fake," there is no relevance to MMEX - I stated the PBR is a trivial, administrative permit, of little value to consider in a financing or valuation discussion.