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Texas oil lease

Producing

BLACK COBRA 1-2 UNIT B

Black Cobra 1-2 Unit B is an oil lease in Reeves County, Texas, operated by Noble Energy Inc in the Hoefs T-K (Wolfcamp) field.

2 wells

19,422bbl oil, last 12 months+9% vs prior year
RRC lease
08-50993

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
79,344 mcf
Oil in Jul 2026
1,984 bbl

Production by month

Oil output rose 9% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 9% over the last 12 monthsMonthly oil production and gas for BLACK COBRA 1-2 UNIT B, Aug 2023 to Jul 2026. Oil output rose 9% over the last 12 months. 19,422 bbl in the 12 months through Jul 2026, against 17,771 bbl in the 12 months before.Last 12 months: 19,422 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 9% over the last 12 monthsMonthly oil production and gas for BLACK COBRA 1-2 UNIT B, Aug 2023 to Jul 2026. Oil output rose 9% over the last 12 months. 19,422 bbl in the 12 months through Jul 2026, against 17,771 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

91% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.2% of the gas in Apr 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
91% of the gas went to a processing plant in the last 12 monthsShare of BLACK COBRA 1-2 UNIT B gas by disposition code each month, Aug 2023 to Jul 2026. 91% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.2% of the gas in Apr 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
91% of the gas went to a processing plant in the last 12 monthsShare of BLACK COBRA 1-2 UNIT B gas by disposition code each month, Aug 2023 to Jul 2026. 91% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.2% of the gas in Apr 2024.Share of gas by disposition code0%50%100%Flared 3.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    91% · 79,978 mcf

  • Lease fuel (1)

    4.8% · 4,220 mcf

  • Transmission line (2)

    3.2% · 2,777 mcf

  • Flared (4)

    0.9% · 819 mcf

0.9% of the gas flared in the last 12 months. One month above 3%.

2 wells on this lease

Wells on BLACK COBRA 1-2 UNIT B
API numberWell no.Status
42-389-3630711HActive
42-389-3630866HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers25Oct 1, 2024–
Et Gathering & Processing LLCOilGathers25Oct 1, 2024–
Noble Energy INCOilGathers25Oct 1, 2024–
Plains Marketing, L.p.OilGathers25Oct 1, 2024–
Energy Transfer CompanyCasinghead gasBuys50Oct 1, 2024–
Et Gathering & Processing LLCCasinghead gasBuys50Oct 1, 2024–
Noble Energy INCCasinghead gasGathers100Oct 1, 2024–
Energy Transfer CompanyCasinghead gasGathers50Jul 27, 2018Oct 1, 2024
Noble Energy INCCasinghead gasGathers50Jan 1, 2023Oct 1, 2024
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023Oct 1, 2024
Noble Energy INCOilGathers50Jan 1, 2023Oct 1, 2024
Plains Marketing, L.p.OilGathers50Jan 1, 2023Oct 1, 2024
Etc Texas P/L, LTDCasinghead gasBuys100Jul 27, 2018Oct 1, 2023

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

693.10 acres on the newest permit

Permits for Black Cobra 1-2 Unit B
API numberWell no.Acreson the permit
42-389-3630711H693.10
42-389-3630866H693.10

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

What Chevron Corporation told investors it received

Noble Energy Inc is linked to Chevron Corporation (CVX).
Realized prices reported by Chevron Corporation
QuarterOil$ per bblFiling
Q2 2026$99.38SEC filing
Q2 2026$95.66SEC filing
Q1 2026$80.12SEC filing
Q1 2026$68.83SEC filing
Q4 2025–SEC filing
Q4 2025–SEC filing

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

Estimate your royalty

36 months, newest first

Ledger for BLACK COBRA 1-2 UNIT B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,9841,9849,1378,55070$80.46$2.89
Jun 20262,5722,5729,9839,39073$84.81$3.15
May 20262,2692,26913,60512,98568$102.13$2.94
Apr 20262,1412,14111,36310,79294$100.32$2.77
Mar 20262,4592,45910,0079,342147$91.38$3.04
Feb 20262,0372,0378,8848,50134$64.51$3.62
Jan 20261,6901,6907,1076,72244$60.04$7.72
Dec 20251,4791,4793,3483,17122$57.97$4.26
Nov 20251,7031,7034,0793,86428$60.06$3.79
Oct 202500000$60.89$3.19
Sep 2025191191000$63.96$2.97
Aug 20258978971,8311,67452$64.86$2.91
Jul 20254354353,0162,77462$68.39$3.20
Jun 20251,5561,5565,4344,990125$68.17$3.02
May 20256606603,8273,52899$62.17$3.12
Apr 20259379372,5642,36942$63.54$3.42
Mar 20252,5412,5419,5248,698216$68.24$4.12
Feb 20252,2702,2708,0057,319181$71.53$4.19
Jan 202568368380873916$75.74$4.13
Dec 20242,6422,6422,1741,99744$70.12$3.01
Nov 20241,2701,2701,1541,07426$69.95$2.12
Oct 20245965962,1161,96655$71.99$2.20
Sep 20242,0602,0609,6709,052167$70.24$2.28
Aug 20242,1212,1219,4668,730247$76.68$1.99
Jul 20242,8292,82911,45110,590248$81.80$2.07
Jun 20242,7182,7188,9338,228244$79.77$2.54
May 20242,7902,7908,5927,879247$80.02$2.12
Apr 20243,7083,70815,07413,773481$85.35$1.60
Mar 20244,0644,06417,47316,280406$81.28$1.49
Feb 20243,9223,92213,59312,858229$77.25$1.72
Jan 20244,1644,1649,4878,872212$74.15$3.18
Dec 20231,5121,5122,5072,37722$71.90$2.52
Nov 20231010770$77.69$2.71
Oct 20233,7913,79113,17012,385263$85.64$2.98
Sep 20234,8844,88411,06110,407239$89.43$2.64
Aug 20232,1392,1392,4072,26454$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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