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Texas oil lease

Producing

CAROLINA REAPER STATE UNIT B-2

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

1 well

30,952bbl oil, last 12 months−20% vs prior year
Operator
Noble Energy Inc
County
Reeves County
Field
Hoefs T-K (Wolfcamp)
RRC lease
08-51343

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
17,729 mcf
Oil in Jul 2026
3,425 bbl

Production by month

Oil output fell 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for CAROLINA REAPER STATE UNIT B-2, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 30,952 bbl in the 12 months through Jul 2026, against 38,868 bbl in the 12 months before.Last 12 months: 30,952 bblbbl per monthmcf per month002,0002,0004,0004,0006,0006,0008,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for CAROLINA REAPER STATE UNIT B-2, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 30,952 bbl in the 12 months through Jul 2026, against 38,868 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,0004,0004,0006,0006,0008,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a processing plant in the last 12 months

Flaring peaked at 4.0% of the gas in Jun 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a processing plant in the last 12 monthsShare of CAROLINA REAPER STATE UNIT B-2 gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.0% of the gas in Jun 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a processing plant in the last 12 monthsShare of CAROLINA REAPER STATE UNIT B-2 gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.0% of the gas in Jun 2025.Share of gas by disposition code0%50%100%Flared 4.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    94% · 18,506 mcf

  • Lease fuel (1)

    3.9% · 770 mcf

  • Transmission line (2)

    1.8% · 354 mcf

  • Flared (4)

    0.6% · 114 mcf

0.6% of the gas flared in the last 12 months. 3 months above 3%.

1 well on this lease

Wells on CAROLINA REAPER STATE UNIT B-2
API numberWell no.Status
42-389-3728712HLActive

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 gasGathers50Aug 25, 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 gasBuys100Aug 25, 2018Oct 1, 2023

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

Who buys my oilOil price check

640 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A production sharing agreement well is on this lease

    A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Carolina Reaper State Unit B-2
API numberWell no.Acreson the permit
42-389-3728712HL640

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 CAROLINA REAPER STATE UNIT B-2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,4253,4252,7092,5243$80.46$2.89
Jun 20261521521411351$84.81$3.15
May 20262,7442,7443,0552,92413$102.13$2.94
Apr 20263,1763,1763,2443,1260$100.32$2.77
Mar 20262,4112,4112,6222,5540$91.38$3.04
Feb 20262,9032,9032,6582,5872$64.51$3.62
Jan 20262,3592,3597557201$60.04$7.72
Dec 20252,6382,6383373175$57.97$4.26
Nov 20252,8262,82679274912$60.06$3.79
Oct 20253,0273,0271351282$60.89$3.19
Sep 20253,3553,3551,2811,20726$63.96$2.97
Aug 20251,9361,936000$64.86$2.91
Jul 20253,4753,4752,0151,88949$68.39$3.20
Jun 20253,5453,5451,7721,64170$68.17$3.02
May 20253,8563,8563,1742,943105$62.17$3.12
Apr 20253,8703,8703,1182,89381$63.54$3.42
Mar 20253,9303,9301,7081,6277$68.24$4.12
Feb 20253,5783,5782,4792,31548$71.53$4.19
Jan 20253,6963,6962552385$75.74$4.13
Dec 20244,2544,2544,0783,76575$70.12$3.01
Nov 202423231611413$69.95$2.12
Oct 20242,0472,0472,6842,35455$71.99$2.20
Sep 20242,6972,6973,6543,28370$70.24$2.28
Aug 20243,8973,8976,4085,793129$76.68$1.99
Jul 20244,3164,3165,8745,421114$81.80$2.07
Jun 20244,4744,4746,3155,804125$79.77$2.54
May 20244,9514,9516,0695,55467$80.02$2.12
Apr 20245,3715,3714,4094,34027$85.35$1.60
Mar 20245,8025,8025,3145,006121$81.28$1.49
Feb 20243,6953,6952,8512,71136$77.25$1.72
Jan 202400000$74.15$3.18
Dec 20231,8041,8042,5292,41127$71.90$2.52
Nov 20234,8664,8667,1856,88448$77.69$2.71
Oct 20234,8194,8197,8767,53956$85.64$2.98
Sep 20234,5224,5225,2484,98480$89.43$2.64
Aug 20235,3985,3985,3895,010193$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 IncFieldHoefs T-K (Wolfcamp)CountyReeves County

Noble Energy Inc in Reeves County

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Hoefs T-K (Wolfcamp) field

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