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Texas gas well

Producing

CHANCE STATE 4

Chance State 4 is a gas well in Reeves County, Texas, operated by Crescent Energy Operating, LLC in the Phantom (Wolfcamp) field.

Gas well dossier

636mcf gas, last 12 months−99% vs prior year
Operator
Crescent Energy Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-291851

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Oil, last 12 months
9,293 bbl
Gas in Jun 2026
0 mcf

Checks stopped on this lease?

  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Vital Energy, Inc. in Jan 2026.

  • Sales

    No sales reported for the last 12 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Gas output fell 99% over the last 12 months

Jul 2026 was not reported.

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 99% over the last 12 monthsMonthly gas production and oil for CHANCE STATE 4, Aug 2023 to Jul 2026. Gas output fell 99% over the last 12 months. 636 mcf in the 12 months through Jul 2026, against 93,664 mcf in the 12 months before.Last 12 months: 636 mcfmcf per monthbbl per month005,00050010k1,00015k1,50020k2,00025k2,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 99% over the last 12 monthsMonthly gas production and oil for CHANCE STATE 4, Aug 2023 to Jul 2026. Gas output fell 99% over the last 12 months. 636 mcf in the 12 months through Jul 2026, against 93,664 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month005,00050010k1,00015k1,50020k2,00025k2,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 100.0% of the gas in Jul 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plantShare of CHANCE STATE 4 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 100.0% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: plant to lineFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plantShare of CHANCE STATE 4 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 100.0% of the gas in Jul 2024.Share of gas by disposition code0%50%100%Nov 23: plant to lineFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 91,535 mcf

  • Flared (4)

    3.1% · 2,948 mcf

3.1% of the gas flared in the last 12 months. 10 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Jan 2026

Operators of this lease over timeTall City Operations III LLC, Jan 2020 to Jun 2023; Vital Energy, Inc., Jul 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Jul 2023Changed Jan 2026Tall City Operations III LLCJan 2020 to Jun 2023Vital Energy, Inc.Jul 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timeTall City Operations III LLC, Jan 2020 to Jun 2023; Vital Energy, Inc., Jul 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Jul 2023Changed Jan 2026Tall City Operations III LLCJan 2020 to Jun 2023Vital Energy, Inc.Jul 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Bml, Inc. BCondensateGathers20Mar 11, 2023–
Dk Trading & Supply, LLCCondensateGathers20Mar 11, 2023–
Energy Transfer CompanyCondensateGathers20Mar 11, 2023–
Gunvor USA LLCCondensateGathers20Mar 11, 2023–
Noble Energy INCCondensateGathers20Mar 11, 2023–
Energy Transfer CompanyGas-well gasBuys100Feb 1, 2023–
Noble Energy INCGas-well gasGathers100Feb 1, 2023–
Dk Trading & Supply, LLCCondensateGathers25Feb 1, 2023Mar 11, 2023
Energy Trans Crude Marketing LLCCondensateGathers25Feb 1, 2023Mar 11, 2023
Gunvor USA LLCCondensateGathers25Feb 1, 2023Mar 11, 2023
Noble Energy INCCondensateGathers25Feb 1, 2023Mar 11, 2023
Gunvor USA LLCCondensateGathers50Jun 1, 2022Feb 1, 2023
Noble Midstream Services, LLCCondensateGathers50Jun 1, 2022Feb 1, 2023

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

Who buys my oilOil price check

640 acres on the newest permit

Check your decimal on this lease
Permits for Chance State 4
API numberWell no.Acreson the permit
42-389-370901H640

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

Unit decimal checker

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for CHANCE STATE 4
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy469541000$84.81$3.15
May 2026Crescent Energy601493000$102.13$2.94
Apr 2026Crescent Energy431559000$100.32$2.77
Mar 2026Crescent Energy567567000$91.38$3.04
Feb 2026Crescent Energy625590000$64.51$3.62
Jan 2026Crescent Energy931814000$60.04$7.72
Dec 2025Vital Energy,1,2171,563000$57.97$4.26
Nov 2025Vital Energy,1,4321,123000$60.06$3.79
Oct 2025Vital Energy,1,3911,546000$60.89$3.19
Sep 2025Vital Energy,1,4741,194000$63.96$2.97
Aug 2025Vital Energy,01836360636$64.86$2.91
Jul 2025Vital Energy,1550000$68.39$3.20
Jun 2025Vital Energy,210000$68.17$3.02
May 2025Vital Energy,9611,246101$62.17$3.12
Apr 2025Vital Energy,9518427880788$63.54$3.42
Mar 2025Vital Energy,95041041$68.24$4.12
Feb 2025Vital Energy,5745138630863$71.53$4.19
Jan 2025Vital Energy,3288217,3307,32010$75.74$4.13
Dec 2024Vital Energy,78769418,99018,843147$70.12$3.01
Nov 2024Vital Energy,1,0811,22522,25721,992265$69.95$2.12
Oct 2024Vital Energy,1,4521,19022,92022,9191$71.99$2.20
Sep 2024Vital Energy,12707,0277,01413$70.24$2.28
Aug 2024Vital Energy,9451,06713,44713,4470$76.68$1.99
Jul 2024Vital Energy,1,3971,5191830183$81.80$2.07
Jun 2024Vital Energy,8711,0043,8073,78027$79.77$2.54
May 2024Vital Energy,95790422,31422,3131$80.02$2.12
Apr 2024Vital Energy,9611,09122,65522,61738$85.35$1.60
Mar 2024Vital Energy,1,2421,05823,68423,574110$81.28$1.49
Feb 2024Vital Energy,1,1011,27221,65319,9291,724$77.25$1.72
Jan 2024Vital Energy,1,2791,30416,68916,191498$74.15$3.18
Dec 2023Vital Energy,89237715,17113,5511,620$71.90$2.52
Nov 2023Vital Energy,1771818,1005,8602,240$77.69$2.71
Oct 2023Vital Energy,9631,03717,59715,4342,163$85.64$2.98
Sep 2023Vital Energy,1,2431,27817,67217,466206$89.43$2.64
Aug 2023Vital Energy,7141,06416,79816,7935$81.39$2.58

No report filed 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

OperatorCrescent Energy Operating, LLCFieldPhantom (Wolfcamp)CountyReeves County

Crescent Energy Operating, LLC in Reeves County

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Phantom (Wolfcamp) field

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New drilling permits in Reeves County

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