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Texas oil lease

Producing

BLACKSTONE

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

4 wells

33,016bbl oil, last 12 months−7% vs prior year
RRC lease
08-49337

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
59,364 mcf
Oil in Jul 2026
2,178 bbl

Production by month

Oil output fell 7% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 7% over the last 12 monthsMonthly oil production and gas for BLACKSTONE, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 33,016 bbl in the 12 months through Jul 2026, against 35,421 bbl in the 12 months before.Last 12 months: 33,016 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 7% over the last 12 monthsMonthly oil production and gas for BLACKSTONE, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 33,016 bbl in the 12 months through Jul 2026, against 35,421 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 100.0% of the gas in Feb 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plantShare of BLACKSTONE gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 100.0% of the gas in Feb 2026.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2025: plant to lineFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plantShare of BLACKSTONE gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 100.0% of the gas in Feb 2026.Share of gas by disposition code0%50%100%Nov 25: plant to lineFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    43% · 25,785 mcf

  • Flared (4)

    36% · 21,107 mcf

  • Processing plant (3)

    21% · 12,472 mcf

35.6% of the gas flared in the last 12 months. 4 months above 3%.

Who has run this lease

The operator changed once, most recently in Nov 2024

Operators of this lease over timeOXY USA Inc., Jan 2020 to Oct 2024; Permian Resources Operating, LLC, Nov 2024 to Jul 20262020202120222023202420252026Changed Nov 2024OXY USA Inc.Jan 2020 to Oct 2024Permian Resources Operating,…Nov 2024 to now
Operators of this lease over timeOXY USA Inc., Jan 2020 to Oct 2024; Permian Resources Operating, LLC, Nov 2024 to Jul 20262020202120222023202420252026Changed Nov 2024OXY USA Inc.Jan 2020 to Oct 2024Permian Resources Operating, LLCNov 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on BLACKSTONE
API numberWell no.Status
42-389-347311HActive
42-389-352872HActive
42-389-36603U 32HActive
42-389-36604U 38HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCOilGathers100Jan 1, 2020–
Energy Transfer CompanyCasinghead gasBuys100Dec 16, 2019–
Energy Transfer CompanyCasinghead gasGathers100Dec 16, 2019–
Oryx So. Delaware Ogt LLCOilGathers100May 11, 2017Jan 1, 2020
Eagleclaw Midstream Ventures,llcCasinghead gasGathers100May 11, 2017Dec 16, 2019
Eagleclaw Midstream Ventures,llcCasinghead gasBuys100May 11, 2017Dec 16, 2019

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

320 acres on the newest permit

Permits for Blackstone
API numberWell no.Acreson the permit
42-389-36603U 32H320
42-389-36604U 38H320
42-389-347311H320
42-389-352872H320

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

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 BLACKSTONE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources2,1781,9964,0074,0070$80.46$2.89
Jun 2026Permian Resources2,4592,8593,9813,9810$84.81$3.15
May 2026Permian Resources2,7462,4895,7555,7550$102.13$2.94
Apr 2026Permian Resources2,4362,21210,772010,772$100.32$2.77
Mar 2026Permian Resources2,8812,8454,1661,5922,574$91.38$3.04
Feb 2026Permian Resources2,6812,5877,61907,619$64.51$3.62
Jan 2026Permian Resources2,8962,9354,1564,1560$60.04$7.72
Dec 2025Permian Resources2,9893,3174,8554,8550$57.97$4.26
Nov 2025Permian Resources3,0032,7791,5161,43977$60.06$3.79
Oct 2025Permian Resources3,4963,5694,9674,90265$60.89$3.19
Sep 2025Permian Resources2,5092,4163,3373,3370$63.96$2.97
Aug 2025Permian Resources2,7422,6534,2334,2330$64.86$2.91
Jul 2025Permian Resources3,4463,8006,6006,6000$68.39$3.20
Jun 2025Permian Resources2,5182,2843,7143,7140$68.17$3.02
May 2025Permian Resources2,7742,8864,1234,1230$62.17$3.12
Apr 2025Permian Resources3,1232,9724,8934,8930$63.54$3.42
Mar 2025Permian Resources2,8752,8775,1125,1120$68.24$4.12
Feb 2025Permian Resources8587783,6983,6980$71.53$4.19
Jan 2025Permian Resources3,3593,8226,2746,2740$75.74$4.13
Dec 2024Permian Resources3,8173,7028,9218,9210$70.12$3.01
Nov 2024Permian Resources3,3814,8197,6307,6300$69.95$2.12
Oct 2024OXY USA5,0745,27210,44610,43313$71.99$2.20
Sep 2024OXY USA2,2991,9617,2587,16296$70.24$2.28
Aug 2024OXY USA1,8972,4175,2855,2850$76.68$1.99
Jul 2024OXY USA4,0143,86312,06612,04719$81.80$2.07
Jun 2024OXY USA4,7285,70324,29824,2980$79.77$2.54
May 2024OXY USA5,2775,09215,47915,4790$80.02$2.12
Apr 2024OXY USA2,5232,5995,5465,52224$85.35$1.60
Mar 2024OXY USA2,3272,1505,0445,0440$81.28$1.49
Feb 2024OXY USA2,9052,1642,4182,4144$77.25$1.72
Jan 2024OXY USA3,1663,4838,6258,6250$74.15$3.18
Dec 2023OXY USA3,9082,76410,03410,0340$71.90$2.52
Nov 2023OXY USA1,8421,4296,9396,9390$77.69$2.71
Oct 2023OXY USA4,1314,40910,02410,0240$85.64$2.98
Sep 2023OXY USA3,2873,05810,25510,2505$89.43$2.64
Aug 2023OXY USA3,4013,58811,37811,3780$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Permian Resources Operating, LLC in Reeves County

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