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Texas gas well

Producing

CONQUISTA STATE UNIT 54-1-8

Conquista State Unit 54-1-8 is a gas well in Reeves County, Texas, operated by Eqv Operating LLC in the Phantom (Wolfcamp) field.

1 well

415,397mcf gas, last 12 months−14% vs prior year
Operator
Eqv Operating LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-287184

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Oil, last 12 months
45,035 bbl
Gas in Jul 2026
36,219 mcf

Checks stopped on this lease?

  • Operator

    Operator changed: Eqv Operating LLC took over from Rio Oil and Gas (Permian) Ii,llc in Dec 2024.

  • P-5

    The previous operator's P-5 registration is listed as inactive since Jun 27, 2025 (last P-5 filed Oct 4, 2024).

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 14% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 14% over the last 12 monthsMonthly gas production and oil for CONQUISTA STATE UNIT 54-1-8, Aug 2023 to Jul 2026. Gas output fell 14% over the last 12 months. 415,397 mcf in the 12 months through Jul 2026, against 484,235 mcf in the 12 months before.Last 12 months: 415,397 mcfmcf per monthbbl per month0010k1,00020k2,00030k3,00040k4,00050k5,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 14% over the last 12 monthsMonthly gas production and oil for CONQUISTA STATE UNIT 54-1-8, Aug 2023 to Jul 2026. Gas output fell 14% over the last 12 months. 415,397 mcf in the 12 months through Jul 2026, against 484,235 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0010k1,00020k2,00030k3,00040k4,00050k5,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2026 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 3.1% of the gas in Dec 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Apr 2026 the lease's gas goes to a transmission line instead of a processing plantShare of CONQUISTA STATE UNIT 54-1-8 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 3.1% of the gas in Dec 2025.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2026: plant to lineFlared 3.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2026 the lease's gas goes to a transmission line instead of a processing plantShare of CONQUISTA STATE UNIT 54-1-8 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 3.1% of the gas in Dec 2025.Share of gas by disposition code0%50%100%Apr 26: plant to lineFlared 3.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    63% · 261,549 mcf

  • Transmission line (2)

    33% · 136,072 mcf

  • Lease fuel (1)

    3.5% · 14,501 mcf

  • Flared (4)

    0.8% · 3,275 mcf

0.8% 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 Dec 2024

Operators of this lease over timeRio Oil and Gas (Permian) Ii,llc, Jan 2020 to Nov 2024; Eqv Operating LLC, Dec 2024 to Jul 20262020202120222023202420252026Changed Dec 2024Rio Oil and Gas (Permian) Ii,…Jan 2020 to Nov 2024Eqv Operating LLCDec 2024 to now
Operators of this lease over timeRio Oil and Gas (Permian) Ii,llc, Jan 2020 to Nov 2024; Eqv Operating LLC, Dec 2024 to Jul 20262020202120222023202420252026Changed Dec 2024Rio Oil and Gas (Permian) Ii,llcJan 2020 to Nov 2024Eqv Operating LLCDec 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on CONQUISTA STATE UNIT 54-1-8
API numberWell no.Status
42-389-367951HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCCondensateGathers100Dec 19, 2024–
Delaware Basin Midstream LLCGas-well gasBuys100Jan 1, 2024–
Delaware Basin Midstream LLCGas-well gasGathers100Jan 1, 2024–
Dk Trading & Supply, LLCCondensateGathers25Jan 1, 2024Dec 19, 2024
Enterprise Crude Oil LLCCondensateGathers25Jan 1, 2024Dec 19, 2024
Oryx Delaware Oil Transport LLCCondensateGathers25Jan 1, 2024Dec 19, 2024
Trafigura Trading LLCCondensateGathers25Jan 1, 2024Dec 19, 2024
Enterprise Crude Oil LLCCondensateGathers33.34Jan 1, 2020Jan 1, 2024
Lion Oil Trading & Trans, LLCCondensateGathers33.33Jan 1, 2020Jan 1, 2024

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

Who buys my oilOil price check

1,280 acres on the newest permit

Check your decimal on this lease
Permits for Conquista State Unit 54-1-8
API numberWell no.Acreson the permit
42-389-367951H1,280

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

Unit decimal checker

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36 months, newest first

Ledger for CONQUISTA STATE UNIT 54-1-8
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Eqv Operating3,2673,23336,21934,223482$80.46$2.89
Jun 2026Eqv Operating2,9733,02531,96730,483144$84.81$3.15
May 2026Eqv Operating3,8323,88237,93736,40790$102.13$2.94
Apr 2026Eqv Operating4,2214,15936,57534,959394$100.32$2.77
Mar 2026Eqv Operating3,9253,92338,92237,096531$91.38$3.04
Feb 2026Eqv Operating3,2223,22428,99327,813253$64.51$3.62
Jan 2026Eqv Operating3,2853,23429,65628,556152$60.04$7.72
Dec 2025Eqv Operating3,5103,50327,80026,052855$57.97$4.26
Nov 2025Eqv Operating4,2014,18435,89334,6970$60.06$3.79
Oct 2025Eqv Operating4,4304,45436,65435,095307$60.89$3.19
Sep 2025Eqv Operating4,0514,02335,63834,39558$63.96$2.97
Aug 2025Eqv Operating4,1184,15439,14337,8459$64.86$2.91
Jul 2025Eqv Operating4,4094,39741,03439,70030$68.39$3.20
Jun 2025Eqv Operating4,2654,24138,07536,73733$68.17$3.02
May 2025Eqv Operating4,1764,17340,05938,84922$62.17$3.12
Apr 2025Eqv Operating3,7163,78938,80737,60122$63.54$3.42
Mar 2025Eqv Operating3,9793,98341,38140,13911$68.24$4.12
Feb 2025Eqv Operating3,6923,65738,83037,214586$71.53$4.19
Jan 2025Eqv Operating3,8683,93038,01536,618360$75.74$4.13
Dec 2024Eqv Operating4,3984,37542,26040,754357$70.12$3.01
Nov 2024Rio Oil3,8203,78940,58138,850607$69.95$2.12
Oct 2024Rio Oil3,7883,76641,03639,90024$71.99$2.20
Sep 2024Rio Oil3,5923,59739,89738,8731$70.24$2.28
Aug 2024Rio Oil3,7533,72944,26043,2438$76.68$1.99
Jul 2024Rio Oil3,9954,00046,21044,853590$81.80$2.07
Jun 2024Rio Oil3,9953,97645,21144,55816$79.77$2.54
May 2024Rio Oil3,0523,05535,11934,54474$80.02$2.12
Apr 2024Rio Oil3,3763,39733,79433,30410$85.35$1.60
Mar 2024Rio Oil3,1213,10535,28434,70566$81.28$1.49
Feb 2024Rio Oil3,3333,34031,42730,92658$77.25$1.72
Jan 2024Rio Oil3,5023,52234,06933,438176$74.15$3.18
Dec 2023Rio Oil3,7013,67638,11437,57052$71.90$2.52
Nov 2023Rio Oil2,5972,64540,16939,483178$77.69$2.71
Oct 2023Rio Oil4,5714,54046,10545,4971$85.64$2.98
Sep 2023Rio Oil2,8892,87938,75038,18833$89.43$2.64
Aug 2023Rio Oil3,5903,58635,95835,215237$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

OperatorEqv Operating LLCFieldPhantom (Wolfcamp)CountyReeves County

Eqv Operating LLC in Reeves County

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Phantom (Wolfcamp) field

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