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Texas oil lease

Producing

CHALLENGER STATE

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

1 well

4,655bbl oil, last 12 months−8% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-49195

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
10,993 mcf
Oil in Jul 2026
380 bbl

Production by month

Oil output fell 8% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for CHALLENGER STATE, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 4,655 bbl in the 12 months through Jul 2026, against 5,048 bbl in the 12 months before.Last 12 months: 4,655 bblbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for CHALLENGER STATE, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 4,655 bbl in the 12 months through Jul 2026, against 5,048 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Oct 2024 the lease's gas goes to lease fuel instead of a transmission line

Flaring peaked at 3.0% of the gas in Oct 2023.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Oct 2024 the lease's gas goes to lease fuel instead of a transmission lineShare of CHALLENGER STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2024 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 3.0% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Oct 2024: line to fuelFlared 3.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Oct 2024 the lease's gas goes to lease fuel instead of a transmission lineShare of CHALLENGER STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2024 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 3.0% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Oct 24: line to fuelFlared 3.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    94% · 10,340 mcf

  • Transmission line (2)

    5.9% · 653 mcf

Who has run this lease

The operator changed once, most recently in Jan 2023

Operators of this lease over timeCentennial Resource Prod, LLC, Jan 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262020202120222023202420252026Changed Jan 2023Centennial Resource Prod, LLCJan 2020 to Dec 2022Permian Resources Operating,…Jan 2023 to now
Operators of this lease over timeCentennial Resource Prod, LLC, Jan 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262020202120222023202420252026Changed Jan 2023Centennial Resource Prod, LLCJan 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 CHALLENGER STATE
API numberWell no.Status
42-389-344511HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers49May 1, 2026–
Plains Pipeline L.p.OilGathers49May 1, 2026–
Enterprise Crude Oil LLCOilGathers2May 1, 2026–
Kinetik Holdings LPCasinghead gasBuys100May 1, 2026–
Kinetik Holdings LPCasinghead gasGathers100May 1, 2026–
Eagleclaw Midstream Ventures,llcCasinghead gasGathers100Jan 1, 2016May 1, 2026
Eagleclaw Midstream Ventures,llcCasinghead gasBuys100Jan 1, 2016May 1, 2026
Oryx Delaware Oil Transport LLCOilGathers100Jan 1, 2020May 1, 2026
Oryx So. Delaware Ogt LLCOilGathers100Jan 1, 2016Jan 1, 2020

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

Who buys my oilOil price check

641.34 acres on the newest permit

Permits for Challenger State
API numberWell no.Acreson the permit
42-389-344511H641.34

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

Unit decimal checker

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 CHALLENGER STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources38031896200$80.46$2.89
Jun 2026Permian Resources2882631,1132300$84.81$3.15
May 2026Permian Resources1309755300$102.13$2.94
Apr 2026Permian Resources51083973480$100.32$2.77
Mar 2026Permian Resources28821094500$91.38$3.04
Feb 2026Permian Resources24826287500$64.51$3.62
Jan 2026Permian Resources42241697500$60.04$7.72
Dec 2025Permian Resources4384081,1511780$57.97$4.26
Nov 2025Permian Resources23514575300$60.06$3.79
Oct 2025Permian Resources6616201,029910$60.89$3.19
Sep 2025Permian Resources495559942770$63.96$2.97
Aug 2025Permian Resources560674961690$64.86$2.91
Jul 2025Permian Resources5253831,0401110$68.39$3.20
Jun 2025Permian Resources606603958150$68.17$3.02
May 2025Permian Resources49944397830$62.17$3.12
Apr 2025Permian Resources41846091200$63.54$3.42
Mar 2025Permian Resources46451293500$68.24$4.12
Feb 2025Permian Resources15953000$71.53$4.19
Jan 2025Permian Resources246299570160$75.74$4.13
Dec 2024Permian Resources281342925920$70.12$3.01
Nov 2024Permian Resources42338994300$69.95$2.12
Oct 2024Permian Resources4464461,0911160$71.99$2.20
Sep 2024Permian Resources4394562,4031,5540$70.24$2.28
Aug 2024Permian Resources5423392,2131,3640$76.68$1.99
Jul 2024Permian Resources6777301,0552190$81.80$2.07
Jun 2024Permian Resources590578953100$79.77$2.54
May 2024Permian Resources87286453530$80.02$2.12
Apr 2024Permian Resources88885751510$85.35$1.60
Mar 2024Permian Resources74766484840$81.28$1.49
Feb 2024Permian Resources80889751510$77.25$1.72
Jan 2024Permian Resources8908281291290$74.15$3.18
Dec 2023Permian Resources8779471,9041,9040$71.90$2.52
Nov 2023Permian Resources8388861,0671,0670$77.69$2.71
Oct 2023Permian Resources8176602982899$85.64$2.98
Sep 2023Permian Resources9511,0136016010$89.43$2.64
Aug 2023Permian Resources1,0511,0792,9832,9830$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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Nearby

This lease belongs to

OperatorPermian Resources Operating, LLCFieldPhantom (Wolfcamp)CountyReeves County

Permian Resources Operating, LLC in Reeves County

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Phantom (Wolfcamp) field

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