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Texas oil lease

Producing

CROCKETT REESE STATE UNIT

Crockett Reese State Unit is an oil lease in Loving County, Texas, operated by Cog Operating LLC in the Phantom (Wolfcamp) field.

2 wells

10,956bbl oil, last 12 months−61% vs prior year
Operator
Cog Operating LLC
County
Loving County
Field
Phantom (Wolfcamp)
RRC lease
08-50902

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
41,242 mcf
Oil in Jul 2026
33 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 3 months of state data (through Jul 2026).

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

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Production by month

Oil output fell 61% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 61% over the last 12 monthsMonthly oil production and gas for CROCKETT REESE STATE UNIT, Aug 2023 to Jul 2026. Oil output fell 61% over the last 12 months. 10,956 bbl in the 12 months through Jul 2026, against 27,915 bbl in the 12 months before.Last 12 months: 10,956 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 61% over the last 12 monthsMonthly oil production and gas for CROCKETT REESE STATE UNIT, Aug 2023 to Jul 2026. Oil output fell 61% over the last 12 months. 10,956 bbl in the 12 months through Jul 2026, against 27,915 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Oct 2025 the lease's gas goes to lease fuel instead of a processing plant

Flaring peaked at 6.7% of the gas in Mar 2026.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Oct 2025 the lease's gas goes to lease fuel instead of a processing plantShare of CROCKETT REESE STATE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2025 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 6.7% of the gas in Mar 2026.Share of the lease’s gas by disposition code, per month0%50%100%Oct 2025: plant to fuelFlared 6.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Oct 2025 the lease's gas goes to lease fuel instead of a processing plantShare of CROCKETT REESE STATE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2025 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 6.7% of the gas in Mar 2026.Share of gas by disposition code0%50%100%Oct 25: plant to fuelFlared 6.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    55% · 30,320 mcf

  • Processing plant (3)

    45% · 24,777 mcf

  • Flared (4)

    0.7% · 388 mcf

0.7% of the gas flared in the last 12 months. One month above 3%.

2 wells on this lease

Wells on CROCKETT REESE STATE UNIT
API numberWell no.Status
42-301-324922402HShut-in
42-301-336852404HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCOilGathers100Jan 22, 2020–
Targa Delaware LLCCasinghead gasBuys100Jan 22, 2020–
Targa Delaware LLCCasinghead gasGathers100Jan 22, 2020–
Targa Delaware LLCCasinghead gasGathers100Apr 2, 2018Jan 22, 2020
Energy Transfer CompanyCasinghead gasBuys100Apr 2, 2018Jan 22, 2020
Targa Delaware LLCOilGathers100Apr 2, 2018Jan 22, 2020

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

Who buys my oilOil price check

240 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Check your decimal on this lease
Permits for Crockett Reese State Unit
API numberWell no.Acreson the permit
42-301-324922402H240
42-301-336852404H240

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

Unit decimal checker

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for CROCKETT REESE STATE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263302,88300$80.46$2.89
Jun 202600000$84.81$3.15
May 202600000$102.13$2.94
Apr 20261392083,0072170$100.32$2.77
Mar 20262,1562,0135,8122,541388$91.38$3.04
Feb 20267157893,7441,4670$64.51$3.62
Jan 20261073772,2263500$60.04$7.72
Dec 20254196322,7603860$57.97$4.26
Nov 20251,7701,6024,6502,1530$60.06$3.79
Oct 20251,3111,2384,1621,5810$60.89$3.19
Sep 20251,5741,9645,0432,5460$63.96$2.97
Aug 20252,7321,8246,9554,3740$64.86$2.91
Jul 20252,3402,4496,5023,9210$68.39$3.20
Jun 20252,6852,8737,7415,2410$68.17$3.02
May 20252,8002,3386,3493,7700$62.17$3.12
Apr 20252,3172,6554,5292,0360$63.54$3.42
Mar 20252,1321,9854,3541,7650$68.24$4.12
Feb 20251,9881,8313,8731,6180$71.53$4.19
Jan 20259158633,5789890$75.74$4.13
Dec 20242,3532,3925,3872,7980$70.12$3.01
Nov 20242,2302,1735,4242,9190$69.95$2.12
Oct 20242,7932,8335,6103,0230$71.99$2.20
Sep 20242,8512,8235,8692,75017$70.24$2.28
Aug 20242,5113,2055,6372,67820$76.68$1.99
Jul 20242,5931,8836,1713,1052$81.80$2.07
Jun 20241942291,03380$79.77$2.54
May 2024298335000$80.02$2.12
Apr 20241,6521,8993,8242,06131$85.35$1.60
Mar 20242,2442,1734,1422,3380$81.28$1.49
Feb 20242,4933,2255,7834,0866$77.25$1.72
Jan 20241,2661,0326,5803,29250$74.15$3.18
Dec 20231,9431,6097,7734,1947$71.90$2.52
Nov 20233,2303,3109,4486,0010$77.69$2.71
Oct 20232,6662,10313,91010,263105$85.64$2.98
Sep 20231,8082,2789,9736,5690$89.43$2.64
Aug 20232,3222,5848,7615,1970$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

OperatorCog Operating LLCFieldPhantom (Wolfcamp)CountyLoving County

Cog Operating LLC in Loving County

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Phantom (Wolfcamp) field

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