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Texas oil lease

Producing

CANDLESTICK 212

Candlestick 212 is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Wolfbone (Trend Area) field.

1 well

5,789bbl oil, last 12 months−24% vs prior year
RRC lease
08-47092

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
13,893 mcf
Oil in Jul 2026
453 bbl

Production by month

Oil output fell 24% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for CANDLESTICK 212, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 5,789 bbl in the 12 months through Jul 2026, against 7,595 bbl in the 12 months before.Last 12 months: 5,789 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for CANDLESTICK 212, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 5,789 bbl in the 12 months through Jul 2026, against 7,595 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a transmission line in the last 12 months

Flaring peaked at 33.4% of the gas in Apr 2026.

  • Transmission line (2)
  • Flared (4)
95% of the gas went to a transmission line in the last 12 monthsShare of CANDLESTICK 212 gas by disposition code each month, Aug 2023 to Jul 2026. 95% of the gas went to a transmission line in the last 12 months. Flaring peaked at 33.4% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 33.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
95% of the gas went to a transmission line in the last 12 monthsShare of CANDLESTICK 212 gas by disposition code each month, Aug 2023 to Jul 2026. 95% of the gas went to a transmission line in the last 12 months. Flaring peaked at 33.4% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Flared 33.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    95% · 13,206 mcf

  • Flared (4)

    4.9% · 687 mcf

4.9% of the gas flared in the last 12 months. 3 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Jan 2023

Operators of this lease over timePrimexx Operating Corporation, Jan 2020 to Aug 2020; Centennial Resource Prod, LLC, Sep 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262020202120222023202420252026Changed Sep 2020Changed Jan 2023Primexx Operating CorporationJan 2020 to Aug 2020Centennial Resource Prod, LLCSep 2020 to Dec 2022Permian Resources Operating,…Jan 2023 to now
Operators of this lease over timePrimexx Operating Corporation, Jan 2020 to Aug 2020; Centennial Resource Prod, LLC, Sep 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262020202120222023202420252026Changed Sep 2020Changed Jan 2023Primexx Operating CorporationJan 2020 to Aug 2020Centennial Resource Prod, LLCSep 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 CANDLESTICK 212
API numberWell no.Status
42-389-3474011HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Rio Energy International, Inc.OilGathers100Oct 7, 2020–
Energy Transfer CompanyCasinghead gasBuys100Sep 1, 2020–
Energy Transfer CompanyCasinghead gasGathers100Apr 1, 2018–
Pilot Travel Centers LLCOilGathers100Sep 1, 2020Oct 7, 2020
Etc Texas P/L, LTDCasinghead gasBuys100Apr 1, 2018Sep 1, 2020
Bridger Transportation, LLCOilGathers100Apr 1, 2018Sep 1, 2020

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

319.98 acres on the newest permit

Permits for Candlestick 212
API numberWell no.Acreson the permit
42-389-3474011H319.98

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 CANDLESTICK 212
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources4533071,2991,2990$80.46$2.89
Jun 2026Permian Resources4065611,2381,2380$84.81$3.15
May 2026Permian Resources4815721,3601,3600$102.13$2.94
Apr 2026Permian Resources4643621,061707354$100.32$2.77
Mar 2026Permian Resources41936987679977$91.38$3.04
Feb 2026Permian Resources4753891,014758256$64.51$3.62
Jan 2026Permian Resources4895751,0191,0190$60.04$7.72
Dec 2025Permian Resources4743831,0021,0020$57.97$4.26
Nov 2025Permian Resources4875641,1031,1030$60.06$3.79
Oct 2025Permian Resources5315671,2381,2380$60.89$3.19
Sep 2025Permian Resources5215901,2991,2990$63.96$2.97
Aug 2025Permian Resources5895671,3841,3840$64.86$2.91
Jul 2025Permian Resources5313651,0571,0570$68.39$3.20
Jun 2025Permian Resources5265439429420$68.17$3.02
May 2025Permian Resources5195491,1631,1630$62.17$3.12
Apr 2025Permian Resources5675511,1861,1860$63.54$3.42
Mar 2025Permian Resources6645531,0331,0330$68.24$4.12
Feb 2025Permian Resources6237039979970$71.53$4.19
Jan 2025Permian Resources6617281,0291,0290$75.74$4.13
Dec 2024Permian Resources7278761,0901,0900$70.12$3.01
Nov 2024Permian Resources5507017557550$69.95$2.12
Oct 2024Permian Resources6745455965960$71.99$2.20
Sep 2024Permian Resources7968768318310$70.24$2.28
Aug 2024Permian Resources7578877967960$76.68$1.99
Jul 2024Permian Resources8581,0566206200$81.80$2.07
Jun 2024Permian Resources9095598708700$79.77$2.54
May 2024Permian Resources1,0341,0529289280$80.02$2.12
Apr 2024Permian Resources1,6851,6251,7111,7110$85.35$1.60
Mar 2024Permian Resources3833758348340$81.28$1.49
Feb 2024Permian Resources5906811,2371,2370$77.25$1.72
Jan 2024Permian Resources6215691,3741,3740$74.15$3.18
Dec 2023Permian Resources6385631,4551,4550$71.90$2.52
Nov 2023Permian Resources6797541,4911,4910$77.69$2.71
Oct 2023Permian Resources6077391,4371,4370$85.64$2.98
Sep 2023Permian Resources7335621,6851,6850$89.43$2.64
Aug 2023Permian Resources6545491,6811,6810$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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