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Texas oil lease

Producing

CHALLENGER STATE B

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

1 well

23,986bbl oil, last 12 months−40% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-58610

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
59,882 mcf
Oil in Jul 2026
1,603 bbl

Production by month

Oil output fell 40% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 40% over the last 12 monthsMonthly oil production and gas for CHALLENGER STATE B, Aug 2023 to Jul 2026. Oil output fell 40% over the last 12 months. 23,986 bbl in the 12 months through Jul 2026, against 40,087 bbl in the 12 months before.Last 12 months: 23,986 bblbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,0005,00010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 40% over the last 12 monthsMonthly oil production and gas for CHALLENGER STATE B, Aug 2023 to Jul 2026. Oil output fell 40% over the last 12 months. 23,986 bbl in the 12 months through Jul 2026, against 40,087 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,0005,00010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a transmission line in the last 12 months

Flaring peaked at 16.7% of the gas in Jan 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
98% of the gas went to a transmission line in the last 12 monthsShare of CHALLENGER STATE B gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 16.7% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 16.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a transmission line in the last 12 monthsShare of CHALLENGER STATE B gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 16.7% of the gas in Jan 2025.Share of gas by disposition code0%50%100%Flared 16.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    98% · 66,016 mcf

  • Lease fuel (1)

    1.9% · 1,289 mcf

  • Flared (4)

    0.3% · 208 mcf

0.3% of the gas flared in the last 12 months. One month above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2023

Operators of this lease over timeCentennial Resource Prod, LLC, May 2022 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262023202420252026Changed Jan 2023Centennial Resource Prod, LLCMay 2022 to Dec 2022Permian Resources Operating,…Jan 2023 to now
Operators of this lease over timeCentennial Resource Prod, LLC, May 2022 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262023202420252026Changed Jan 2023Centennial Resource Prod, LLCMay 2022 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 B
API numberWell no.Status
42-389-39850T 49HActive

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 gasGathers100May 26, 2022May 1, 2026
Eagleclaw Midstream Ventures,llcCasinghead gasBuys100May 26, 2022May 1, 2026
Oryx Delaware Oil Transport LLCOilGathers100May 26, 2022May 1, 2026

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

Who buys my oilOil price check

640 acres on the newest permit

An allocation well is on this lease

Permits for Challenger State B
API numberWell no.Acreson the permit
42-389-39850T 49H640

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 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources1,6031,6083,5273,51413$80.46$2.89
Jun 2026Permian Resources1,3741,3582,9402,9400$84.81$3.15
May 2026Permian Resources7797721,5651,5632$102.13$2.94
Apr 2026Permian Resources160000$100.32$2.77
Mar 2026Permian Resources1,0319962,8812,8810$91.38$3.04
Feb 2026Permian Resources2,1442,1396,0695,9170$64.51$3.62
Jan 2026Permian Resources2,4882,4956,6156,4488$60.04$7.72
Dec 2025Permian Resources2,6722,6686,4566,2990$57.97$4.26
Nov 2025Permian Resources2,5632,5636,9436,7830$60.06$3.79
Oct 2025Permian Resources2,8542,8787,5087,30045$60.89$3.19
Sep 2025Permian Resources3,0793,0897,4577,27815$63.96$2.97
Aug 2025Permian Resources3,3983,3847,9217,7495$64.86$2.91
Jul 2025Permian Resources3,2653,2617,6317,344120$68.39$3.20
Jun 2025Permian Resources2,7382,7416,2816,1513$68.17$3.02
May 2025Permian Resources2,7002,6825,8675,69361$62.17$3.12
Apr 2025Permian Resources2,4452,4535,0594,850121$63.54$3.42
Mar 2025Permian Resources4,1864,2186,7716,7634$68.24$4.12
Feb 2025Permian Resources3,5723,6145,3665,3579$71.53$4.19
Jan 2025Permian Resources3,3013,4085,6274,686941$75.74$4.13
Dec 2024Permian Resources3,5003,4226,5766,5760$70.12$3.01
Nov 2024Permian Resources3,4783,5076,1126,1120$69.95$2.12
Oct 2024Permian Resources3,6963,7766,1796,1790$71.99$2.20
Sep 2024Permian Resources3,5433,4825,5575,5570$70.24$2.28
Aug 2024Permian Resources3,6633,6836,5986,5980$76.68$1.99
Jul 2024Permian Resources3,6763,8974,8774,8770$81.80$2.07
Jun 2024Permian Resources4,5054,3105,7305,7300$79.77$2.54
May 2024Permian Resources4,1904,2616,0676,0670$80.02$2.12
Apr 2024Permian Resources3,8443,7775,2285,2280$85.35$1.60
Mar 2024Permian Resources2,8612,7134,0644,0640$81.28$1.49
Feb 2024Permian Resources9899851,3861,3860$77.25$1.72
Jan 2024Permian Resources2,4972,5583,8973,8970$74.15$3.18
Dec 2023Permian Resources3,4053,3435,4295,4290$71.90$2.52
Nov 2023Permian Resources3,7273,8105,5135,5130$77.69$2.71
Oct 2023Permian Resources4,1154,0536,2726,2720$85.64$2.98
Sep 2023Permian Resources3,8643,8955,6615,6592$89.43$2.64
Aug 2023Permian Resources4,2024,2785,2615,2610$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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