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Texas oil lease

Producing

BALMORHEA STATE I

Balmorhea State I is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Phantom (Wolfcamp) field.

1 well

2,136bbl oil, last 12 months−61% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-50601

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
9,007 mcf
Oil in Jul 2026
2 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: KINETIK HOLDINGS LP replaced EAGLECLAW MIDSTREAM VENTURES,LLC as the buyer of this lease's gas from oil wells on May 1, 2026.

  • Sales

    No sales reported for the last 2 months of state data (through Jul 2026).

  • Sales

    Sales over the last 3 months fell to 0% of the 9 months before.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 61% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 61% over the last 12 monthsMonthly oil production and gas for BALMORHEA STATE I, Aug 2023 to Jul 2026. Oil output fell 61% over the last 12 months. 2,136 bbl in the 12 months through Jul 2026, against 5,447 bbl in the 12 months before.Last 12 months: 2,136 bblbbl per monthmcf per month002505,00050010k75015k1,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 61% over the last 12 monthsMonthly oil production and gas for BALMORHEA STATE I, Aug 2023 to Jul 2026. Oil output fell 61% over the last 12 months. 2,136 bbl in the 12 months through Jul 2026, against 5,447 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2026 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 4.6% of the gas in Jan 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Apr 2026 the lease's gas goes to a transmission line instead of lease fuelShare of BALMORHEA STATE I gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 4.6% of the gas in Jan 2026.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2026: fuel to lineFlared 4.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2026 the lease's gas goes to a transmission line instead of lease fuelShare of BALMORHEA STATE I gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 4.6% of the gas in Jan 2026.Share of gas by disposition code0%50%100%Apr 26: fuel to lineFlared 4.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    69% · 18,189 mcf

  • Transmission line (2)

    31% · 8,286 mcf

  • Flared (4)

    0.2% · 54 mcf

0.2% of the gas flared in the last 12 months. One month above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2023

Operators of this lease over timeCentennial Resource Prod, LLC, Jan 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262020202120222023202420252026Changed Jan 2023Centennial Resource Prod, LLCJan 2020 to Dec 2022Permian Resources Operating,…Jan 2023 to now
Operators of this lease over timeCentennial Resource Prod, LLC, Jan 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262020202120222023202420252026Changed Jan 2023Centennial Resource Prod, LLCJan 2020 to Dec 2022Permian Resources Operating, LLCJan 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on BALMORHEA STATE I
API numberWell no.Status
42-389-3644310HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers49May 1, 2026–
Plains Pipeline L.p.OilGathers49May 1, 2026–
Enterprise Crude Oil LLCOilGathers2May 1, 2026–
Kinetik Holdings LPCasinghead gasBuys100May 1, 2026–
Kinetik Holdings LPCasinghead gasGathers100May 1, 2026–
Eagleclaw Midstream Ventures,llcCasinghead gasGathers100Jun 1, 2018May 1, 2026
Eagleclaw Midstream Ventures,llcCasinghead gasBuys100Jun 1, 2018May 1, 2026
Oryx Delaware Oil Transport LLCOilGathers100Jan 1, 2020May 1, 2026
Oryx So. Delaware Ogt LLCOilGathers100Jun 1, 2018Jan 1, 2020

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

874.48 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A production sharing agreement well is on this lease

    A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Balmorhea State I
API numberWell no.Acreson the permit
42-389-3644310H874.48

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

What Permian Resources Corporation told investors it received

Permian Resources Operating, LLC is linked to Permian Resources Corporation (PR).
Realized prices reported by Permian Resources Corporation
QuarterOil$ per bblFiling
Q2 2026$97.81SEC filing
Q1 2026$70.91SEC filing
Q4 2025$58.78SEC filing
Q3 2025$64.77SEC filing
Q2 2025$62.71SEC filing
Q1 2025$70.48SEC filing

SourcePermian Resources Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for BALMORHEA STATE I
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources20000$80.46$2.89
Jun 2026Permian Resources10000$84.81$3.15
May 2026Permian Resources51000$102.13$2.94
Apr 2026Permian Resources51330$100.32$2.77
Mar 2026Permian Resources236000$91.38$3.04
Feb 2026Permian Resources3223671,5064650$64.51$3.62
Jan 2026Permian Resources2321291,18313754$60.04$7.72
Dec 2025Permian Resources3954391,2383880$57.97$4.26
Nov 2025Permian Resources2922261,2967270$60.06$3.79
Oct 2025Permian Resources92200461690$60.89$3.19
Sep 2025Permian Resources4063251,9208730$63.96$2.97
Aug 2025Permian Resources3823691,4003520$64.86$2.91
Jul 2025Permian Resources5185591,4665300$68.39$3.20
Jun 2025Permian Resources3913971,6085220$68.17$3.02
May 2025Permian Resources3955121,4944460$62.17$3.12
Apr 2025Permian Resources32229412,9543,7740$63.54$3.42
Mar 2025Permian Resources35321910,1627270$68.24$4.12
Feb 2025Permian Resources3893568,7534400$71.53$4.19
Jan 2025Permian Resources37351510,2657790$75.74$4.13
Dec 2024Permian Resources4424039,8648620$70.12$3.01
Nov 2024Permian Resources4543039,4541,3320$69.95$2.12
Oct 2024Permian Resources61965810,1636770$71.99$2.20
Sep 2024Permian Resources6997398,6553930$70.24$2.28
Aug 2024Permian Resources4924948,5115550$76.68$1.99
Jul 2024Permian Resources5625938,4071450$81.80$2.07
Jun 2024Permian Resources7246248,9653970$79.77$2.54
May 2024Permian Resources8791,0109,6624820$80.02$2.12
Apr 2024Permian Resources7695825,4145180$85.35$1.60
Mar 2024Permian Resources2993497,1522410$81.28$1.49
Feb 2024Permian Resources3424178,7925300$77.25$1.72
Jan 2024Permian Resources7036179,2937250$74.15$3.18
Dec 2023Permian Resources3153487,0473150$71.90$2.52
Nov 2023Permian Resources9201,11310,9601,7800$77.69$2.71
Oct 2023Permian Resources95178611,4902,3100$85.64$2.98
Sep 2023Permian Resources83473710,6201,7460$89.43$2.64
Aug 2023Permian Resources6707568898890$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorPermian Resources Operating, LLCFieldPhantom (Wolfcamp)CountyReeves County

Permian Resources Operating, LLC in Reeves County

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Phantom (Wolfcamp) field

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