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Texas oil lease

Producing

BUZZARD ON THE RAIL

Buzzard on the Rail is an oil lease in Reeves County, Texas, operated by Noble Energy Inc in the Wolfbone (Trend Area) field.

2 wells

23,739bbl oil, last 12 months+60% vs prior year
Operator
Noble Energy Inc
County
Reeves County
Field
Wolfbone (Trend Area)
RRC lease
08-51388

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
10,510 mcf
Oil in Jul 2026
2,271 bbl

Production by month

Oil output rose 60% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 60% over the last 12 monthsMonthly oil production and gas for BUZZARD ON THE RAIL, Aug 2023 to Jul 2026. Oil output rose 60% over the last 12 months. 23,739 bbl in the 12 months through Jul 2026, against 14,833 bbl in the 12 months before.Last 12 months: 23,739 bblbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 60% over the last 12 monthsMonthly oil production and gas for BUZZARD ON THE RAIL, Aug 2023 to Jul 2026. Oil output rose 60% over the last 12 months. 23,739 bbl in the 12 months through Jul 2026, against 14,833 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

92% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.6% of the gas in Aug 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
92% of the gas went to a processing plant in the last 12 monthsShare of BUZZARD ON THE RAIL gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.6% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
92% of the gas went to a processing plant in the last 12 monthsShare of BUZZARD ON THE RAIL gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.6% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 3.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    92% · 11,438 mcf

  • Lease fuel (1)

    4.4% · 541 mcf

  • Transmission line (2)

    2.0% · 253 mcf

  • Flared (4)

    1.3% · 167 mcf

1.3% of the gas flared in the last 12 months. 2 months above 3%.

2 wells on this lease

Wells on BUZZARD ON THE RAIL
API numberWell no.Status
42-389-368272307HActive
42-389-368282308HLActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers20Oct 1, 2024–
Etp Crude LLCOilGathers20Oct 1, 2024–
Noble Energy INCOilGathers20Oct 1, 2024–
Oryx Delaware Oil Transport LLCOilGathers20Oct 1, 2024–
Plains Marketing, L.p.OilGathers20Oct 1, 2024–
Energy Transfer CompanyCasinghead gasBuys100Jan 1, 2023–
Noble Energy INCCasinghead gasGathers100Jan 1, 2023–
Noble Energy INCOilGathers50Jan 1, 2023Oct 1, 2024
Plains Marketing, L.p.OilGathers50Jan 1, 2023Oct 1, 2024
Energy Transfer CompanyCasinghead gasGathers50Oct 12, 2018Jan 1, 2023
Noble Midstream Services, LLCCasinghead gasGathers50Oct 12, 2018Jan 1, 2023
Etc Texas P/L, LTDCasinghead gasBuys100Oct 12, 2018Jan 1, 2023
Noble Midstream Services, LLCOilGathers100Oct 12, 2018Jan 1, 2023

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

Who buys my oilOil price check

7,545.20 acres on the newest permit

Check your decimal on this lease
Permits for Buzzard on the Rail
API numberWell no.Acreson the permit
42-389-368272307H7,545.20
42-389-368282308HL7,545.20

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

Unit decimal checker

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 BUZZARD ON THE RAIL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,2712,271000$80.46$2.89
Jun 20261,8961,896000$84.81$3.15
May 20261,9511,9512,3522,25110$102.13$2.94
Apr 20262,5662,566000$100.32$2.77
Mar 20261,5101,510000$91.38$3.04
Feb 2026833833000$64.51$3.62
Jan 20261,1591,159000$60.04$7.72
Dec 20252,0542,0541,6381,54222$57.97$4.26
Nov 20252,4442,4442,0561,94630$60.06$3.79
Oct 20252,6342,6342,7082,56239$60.89$3.19
Sep 20252,4632,4631,7561,65436$63.96$2.97
Aug 20251,9581,958000$64.86$2.91
Jul 20251,0361,036550$68.39$3.20
Jun 2025770770000$68.17$3.02
May 20251,1991,199770$62.17$3.12
Apr 20251,1471,147220$63.54$3.42
Mar 20251,8911,8912962821$68.24$4.12
Feb 20251,6531,65377072014$71.53$4.19
Jan 20251,1791,179000$75.74$4.13
Dec 20241,0771,0772202044$70.12$3.01
Nov 20241,2991,29958951611$69.95$2.12
Oct 20241,1471,14775466215$71.99$2.20
Sep 202451451428251$70.24$2.28
Aug 20241,9211,9212,3172,09447$76.68$1.99
Jul 20242,4842,4842,1011,93841$81.80$2.07
Jun 20241,7301,73098991019$79.77$2.54
May 20244,1604,1605,8015,30964$80.02$2.12
Apr 20244,4664,4663,3183,26620$85.35$1.60
Mar 20244,5344,53411,07710,435252$81.28$1.49
Feb 20244,5874,5875,5595,28770$77.25$1.72
Jan 20243,6373,6373,4173,28214$74.15$3.18
Dec 20234,8354,8354,7264,50650$71.90$2.52
Nov 20235,1105,1105,2134,99534$77.69$2.71
Oct 20235,1075,1075,9075,65442$85.64$2.98
Sep 20233,7323,7323,9163,71960$89.43$2.64
Aug 20234,1774,1774,5264,207163$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

OperatorNoble Energy IncFieldWolfbone (Trend Area)CountyReeves County

Noble Energy Inc in Reeves County

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Wolfbone (Trend Area) field

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