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Texas oil lease

Producing

CHICO EAST 2-28 ALLOC 02

Chico East 2-28 Alloc 02 is an oil lease in Reagan County, Texas, operated by Permian Resources Operating, LLC in the Spraberry (Trend Area) field.

1 well

17,282bbl oil, last 12 months−4% vs prior year
Operator
Permian Resources Operating, LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-19839

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
76,070 mcf
Oil in Jul 2026
1,151 bbl

Production by month

Oil output fell 4% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 4% over the last 12 monthsMonthly oil production and gas for CHICO EAST 2-28 ALLOC 02, Aug 2023 to Jul 2026. Oil output fell 4% over the last 12 months. 17,282 bbl in the 12 months through Jul 2026, against 18,086 bbl in the 12 months before.Last 12 months: 17,282 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 4% over the last 12 monthsMonthly oil production and gas for CHICO EAST 2-28 ALLOC 02, Aug 2023 to Jul 2026. Oil output fell 4% over the last 12 months. 17,282 bbl in the 12 months through Jul 2026, against 18,086 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 57.9% of the gas in Aug 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of CHICO EAST 2-28 ALLOC 02 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 57.9% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: plant to lineFlared 57.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of CHICO EAST 2-28 ALLOC 02 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 57.9% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Apr 24: plant to lineFlared 57.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 73,711 mcf

  • Flared (4)

    3.1% · 2,359 mcf

3.1% of the gas flared in the last 12 months. 18 months above 3%.

Who has run this lease

The operator changed 3 times, most recently in Nov 2023

Operators of this lease over timeSable Permian Resources, LLC, Jan 2020 to Jan 2021; FDL Operating, LLC, Feb 2021 to Apr 2022; Earthstone Operating, LLC, May 2022 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCJan 2020 to Jan 2021FDL Operating, LLCFeb 2021 to Apr 2022Earthstone Operating, LLCMay 2022 to Oct 2023Permian Resources Operating,…Nov 2023 to now
Operators of this lease over timeSable Permian Resources, LLC, Jan 2020 to Jan 2021; FDL Operating, LLC, Feb 2021 to Apr 2022; Earthstone Operating, LLC, May 2022 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Feb 2021Changed May 2022Changed Nov 2023Sable Permian Resources, LLCJan 2020 to Jan 2021FDL Operating, LLCFeb 2021 to Apr 2022Earthstone Operating, LLCMay 2022 to Oct 2023Permian Resources Operating, LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on CHICO EAST 2-28 ALLOC 02
API numberWell no.Status
42-383-40164206HSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Feb 19, 2018–
Canes Midstream Logistics LLCCasinghead gasBuys100Nov 1, 2023–
Canes Midstream Logistics LLCCasinghead gasGathers100Nov 1, 2023–
Cogent Midstream Logistics, LLCCasinghead gasGathers100Jan 1, 2019Nov 1, 2023
Cogent Midstream Logistics, LLCCasinghead gasBuys100Jan 1, 2019Nov 1, 2023

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

Who buys my oilOil price check

1,838.82 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.

Check your decimal on this lease
Permits for Chico East 2-28 Alloc 02
API numberWell no.Acreson the permit
42-383-40164206HS1,838.82

SourceRailroad Commission drilling permits, Oct 3, 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 CHICO EAST 2-28 ALLOC 02
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources1,1511,2764,9724,9720$80.46$2.89
Jun 2026Permian Resources1,4261,4656,2766,100176$84.81$3.15
May 2026Permian Resources1,3121,2106,0565,930126$102.13$2.94
Apr 2026Permian Resources1,3261,4086,1094,6021,507$100.32$2.77
Mar 2026Permian Resources1,4121,3736,4966,46828$91.38$3.04
Feb 2026Permian Resources1,4521,3165,9505,9500$64.51$3.62
Jan 2026Permian Resources1,4971,5376,6086,6035$60.04$7.72
Dec 2025Permian Resources1,6731,6917,1417,1410$57.97$4.26
Nov 2025Permian Resources1,5371,4666,8186,609209$60.06$3.79
Oct 2025Permian Resources1,4901,5346,5066,362144$60.89$3.19
Sep 2025Permian Resources1,5061,6036,7036,539164$63.96$2.97
Aug 2025Permian Resources1,5001,3806,4356,4350$64.86$2.91
Jul 2025Permian Resources1,4681,4254,6964,358338$68.39$3.20
Jun 2025Permian Resources8968834,3163,574742$68.17$3.02
May 2025Permian Resources9851,0956,2373,6162,621$62.17$3.12
Apr 2025Permian Resources1,7781,6806,3896,125264$63.54$3.42
Mar 2025Permian Resources1,8882,1216,7686,70761$68.24$4.12
Feb 2025Permian Resources1,7621,7135,4825,42359$71.53$4.19
Jan 2025Permian Resources1,8991,8863,4513,4510$75.74$4.13
Dec 2024Permian Resources1,7281,6996,3565,1921,164$70.12$3.01
Nov 2024Permian Resources1,6791,6635,7435,7403$69.95$2.12
Oct 2024Permian Resources1,7121,6867,0176,413604$71.99$2.20
Sep 2024Permian Resources1,4301,4292,3362,179157$70.24$2.28
Aug 2024Permian Resources8616692,7342,418316$76.68$1.99
Jul 2024Permian Resources6457493,4063,38917$81.80$2.07
Jun 2024Permian Resources9088346,8786,374504$79.77$2.54
May 2024Permian Resources1,0371,0745,3295,075254$80.02$2.12
Apr 2024Permian Resources8679506,2576,109148$85.35$1.60
Mar 2024Permian Resources8588466,3506,165185$81.28$1.49
Feb 2024Permian Resources8187874,1952,2951,900$77.25$1.72
Jan 2024Permian Resources8889044,7583,1091,649$74.15$3.18
Dec 2023Permian Resources8428603,7972,868929$71.90$2.52
Nov 2023Permian Resources8608422,6342,53896$77.69$2.71
Oct 2023Earthstone Operating,9248932,9902,97812$85.64$2.98
Sep 2023Earthstone Operating,8046644,0702,7571,313$89.43$2.64
Aug 2023Earthstone Operating,801929591249342$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

OperatorPermian Resources Operating, LLCFieldSpraberry (Trend Area)CountyReagan County

Permian Resources Operating, LLC in Reagan County

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Spraberry (Trend Area) field

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