Texas oil lease
ProducingBLACKSTONE
Blackstone is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Phantom (Wolfcamp) field.
4 wells
- Operator
- Permian Resources Operating, LLC
- County
- Reeves County
- Field
- Phantom (Wolfcamp)
- RRC lease
- 08-49337
Is your check right?
Where it sits
This 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
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)
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
- Permian Resources Operating, LLC Nov 2024 to now
- OXY USA Inc. Jan 2020 to Oct 2024
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
4 wells on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-389-34731 | 1H | Active |
| 42-389-35287 | 2H | Active |
| 42-389-36603 | U 32H | Active |
| 42-389-36604 | U 38H | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Oryx Delaware Oil Transport LLC | Oil | Gathers | 100 | Jan 1, 2020 | – |
| Energy Transfer Company | Casinghead gas | Buys | 100 | Dec 16, 2019 | – |
| Energy Transfer Company | Casinghead gas | Gathers | 100 | Dec 16, 2019 | – |
| Oryx So. Delaware Ogt LLC | Oil | Gathers | 100 | May 11, 2017 | Jan 1, 2020 |
| Eagleclaw Midstream Ventures,llc | Casinghead gas | Gathers | 100 | May 11, 2017 | Dec 16, 2019 |
| Eagleclaw Midstream Ventures,llc | Casinghead gas | Buys | 100 | May 11, 2017 | Dec 16, 2019 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
320 acres on the newest permit
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-389-36603 | U 32H | Dec 7, 2017 | Apr 15, 2018 | 320 |
| 42-389-36604 | U 38H | Dec 7, 2017 | Apr 15, 2018 | 320 |
| 42-389-34731 | 1H | Jan 9, 2017 | May 11, 2017 | 320 |
| 42-389-35287 | 2H | Jul 26, 2016 | May 11, 2017 | 320 |
What Permian Resources Corporation told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $97.81 | −$2.40 | $23.28 | SEC filing |
| Q1 2026 | $70.91 | −$0.29 | $16.60 | SEC filing |
| Q4 2025 | $58.78 | −$0.23 | $15.44 | SEC filing |
| Q3 2025 | $64.77 | $0.52 | $17.50 | SEC filing |
| Q2 2025 | $62.71 | $0.50 | $17.75 | SEC filing |
| Q1 2025 | $70.48 | $1.35 | $23.90 | SEC filing |
SourcePermian Resources Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Permian Resources | 2,178 | 1,996 | 4,007 | 4,007 | 0 | $80.46 | $2.89 |
| Jun 2026Permian Resources | 2,459 | 2,859 | 3,981 | 3,981 | 0 | $84.81 | $3.15 |
| May 2026Permian Resources | 2,746 | 2,489 | 5,755 | 5,755 | 0 | $102.13 | $2.94 |
| Apr 2026Permian Resources | 2,436 | 2,212 | 10,772 | 0 | 10,772 | $100.32 | $2.77 |
| Mar 2026Permian Resources | 2,881 | 2,845 | 4,166 | 1,592 | 2,574 | $91.38 | $3.04 |
| Feb 2026Permian Resources | 2,681 | 2,587 | 7,619 | 0 | 7,619 | $64.51 | $3.62 |
| Jan 2026Permian Resources | 2,896 | 2,935 | 4,156 | 4,156 | 0 | $60.04 | $7.72 |
| Dec 2025Permian Resources | 2,989 | 3,317 | 4,855 | 4,855 | 0 | $57.97 | $4.26 |
| Nov 2025Permian Resources | 3,003 | 2,779 | 1,516 | 1,439 | 77 | $60.06 | $3.79 |
| Oct 2025Permian Resources | 3,496 | 3,569 | 4,967 | 4,902 | 65 | $60.89 | $3.19 |
| Sep 2025Permian Resources | 2,509 | 2,416 | 3,337 | 3,337 | 0 | $63.96 | $2.97 |
| Aug 2025Permian Resources | 2,742 | 2,653 | 4,233 | 4,233 | 0 | $64.86 | $2.91 |
| Jul 2025Permian Resources | 3,446 | 3,800 | 6,600 | 6,600 | 0 | $68.39 | $3.20 |
| Jun 2025Permian Resources | 2,518 | 2,284 | 3,714 | 3,714 | 0 | $68.17 | $3.02 |
| May 2025Permian Resources | 2,774 | 2,886 | 4,123 | 4,123 | 0 | $62.17 | $3.12 |
| Apr 2025Permian Resources | 3,123 | 2,972 | 4,893 | 4,893 | 0 | $63.54 | $3.42 |
| Mar 2025Permian Resources | 2,875 | 2,877 | 5,112 | 5,112 | 0 | $68.24 | $4.12 |
| Feb 2025Permian Resources | 858 | 778 | 3,698 | 3,698 | 0 | $71.53 | $4.19 |
| Jan 2025Permian Resources | 3,359 | 3,822 | 6,274 | 6,274 | 0 | $75.74 | $4.13 |
| Dec 2024Permian Resources | 3,817 | 3,702 | 8,921 | 8,921 | 0 | $70.12 | $3.01 |
| Nov 2024Permian Resources | 3,381 | 4,819 | 7,630 | 7,630 | 0 | $69.95 | $2.12 |
| Oct 2024OXY USA | 5,074 | 5,272 | 10,446 | 10,433 | 13 | $71.99 | $2.20 |
| Sep 2024OXY USA | 2,299 | 1,961 | 7,258 | 7,162 | 96 | $70.24 | $2.28 |
| Aug 2024OXY USA | 1,897 | 2,417 | 5,285 | 5,285 | 0 | $76.68 | $1.99 |
| Jul 2024OXY USA | 4,014 | 3,863 | 12,066 | 12,047 | 19 | $81.80 | $2.07 |
| Jun 2024OXY USA | 4,728 | 5,703 | 24,298 | 24,298 | 0 | $79.77 | $2.54 |
| May 2024OXY USA | 5,277 | 5,092 | 15,479 | 15,479 | 0 | $80.02 | $2.12 |
| Apr 2024OXY USA | 2,523 | 2,599 | 5,546 | 5,522 | 24 | $85.35 | $1.60 |
| Mar 2024OXY USA | 2,327 | 2,150 | 5,044 | 5,044 | 0 | $81.28 | $1.49 |
| Feb 2024OXY USA | 2,905 | 2,164 | 2,418 | 2,414 | 4 | $77.25 | $1.72 |
| Jan 2024OXY USA | 3,166 | 3,483 | 8,625 | 8,625 | 0 | $74.15 | $3.18 |
| Dec 2023OXY USA | 3,908 | 2,764 | 10,034 | 10,034 | 0 | $71.90 | $2.52 |
| Nov 2023OXY USA | 1,842 | 1,429 | 6,939 | 6,939 | 0 | $77.69 | $2.71 |
| Oct 2023OXY USA | 4,131 | 4,409 | 10,024 | 10,024 | 0 | $85.64 | $2.98 |
| Sep 2023OXY USA | 3,287 | 3,058 | 10,255 | 10,250 | 5 | $89.43 | $2.64 |
| Aug 2023OXY USA | 3,401 | 3,588 | 11,378 | 11,378 | 0 | $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.
How to check your stub against this leaseDo your checks match this lease?
Nearby
This lease belongs to
Permian Resources Operating, LLC in Reeves County
- CAPE BUFFALO 12-11 C
33,216 bbl
- CABRITO LONG STATE A
156,370 mcf
- POWDERED DONUT STATE C
299,633 mcf
- LONGWAY 16 UNIT
221,599 mcf
- HOUSER STATE 36-37-4S
32,892 bbl
- YOUNG 13-0-270-271 D
28,635 bbl
- DOC GARDNER C
234,164 mcf
- BECKER 6-30 UNIT B
216,840 mcf
- CAPE BUFFALO 12-11 A
30,733 bbl
- NICHOLAS F
22,367 bbl
Phantom (Wolfcamp) field
- CBR 9-4V-56-1
535,154 mcf
- YORKTOWN STATE 55-4-38 UNIT
136,977 mcf
- CBR 40-45A-56-1
120,292 mcf
- UTL 1427 7C
33,027 bbl
- BLACK STALLION 28-10
33,840 bbl
- HAWTHORN 55-1-23 UNIT
174,053 mcf
- SPACE COWBOY UNIT 3
617,829 mcf
- WYVERN STATE 57-3-27 UNIT
279,320 mcf
- P C HILL STATE B 1-12
32,450 bbl
- CAPPLETON EAST UNIT I
120,498 mcf
Leases within 10 km
- CHEVRON MINERALS 17
1,008 bbl · 0.6 km
- CHEVRON MINERALS 19
14,233 bbl · 0.9 km
- BLACKSTONE WEST
37,119 bbl · 0.9 km
- GORILLA 20
29,356 bbl · 1 km
- CHEVRON MINERALS 7
0 bbl · 1 km
- MARIINSKY STATE 8
0 bbl · 1.2 km
- JANEY STATE 24
409 bbl · 1.8 km
- MAJESTIC STATE 12
1,494 bbl · 1.8 km
- CHEVRON MINERALS 13
10,540 bbl · 1.9 km
- MAJESTIC STATE 51-13-12 C
70,473 bbl · 1.9 km
Drilling permits within 10 km
W STATE G #7TU
new drill · horizontal · U.S. Energy Development Corp · Reeves County · 7.1 km
Permit 0914499 · Sep 4, 2026
MUFASA STATE #4BU
new drill · horizontal · U.S. Energy Development Corp · Reeves County · 4.5 km
Permit 0918241 · Sep 3, 2026
MUFASA STATE #2BU
new drill · horizontal · U.S. Energy Development Corp · Reeves County · 4.5 km
Permit 0918233 · Sep 3, 2026
W STATE H #8SU
new drill · horizontal · U.S. Energy Development Corp · Reeves County · 7.1 km
Permit 0914500 · Aug 28, 2026
W STATE E #5SH
new drill · horizontal · U.S. Energy Development Corp · Reeves County · 6.9 km
Permit 0914498 · Aug 28, 2026