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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 49003

Producing

CWI STATE

Cwi State is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Phantom (Wolfcamp) field. The Railroad Commission shows 10,634 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 6 wells

10,634bbl oil, last 12 months−27% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-49003

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County · RRC district 08Open Reeves County →
Gas, last 12 months
27,965 mcf
Oil in Jul 2026
2,061 bbl
Reporting to the state
since Jan 2020
Wells
6

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 27% over the last 12 months

10,634 bbl in the 12 months through Jul 2026, against 14,561 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for CWI STATE, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 10,634 bbl in the 12 months through Jul 2026, against 14,561 bbl in the 12 months before.Last 12 months: 10,634 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,0002,50010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for CWI STATE, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 10,634 bbl in the 12 months through Jul 2026, against 14,561 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,0002,50010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 49003, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuel

Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 27.7% of the gas in Nov 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuelShare of CWI STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuel. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 27.7% of the gas in Nov 2024.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2026: fuel to lineFlared 27.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuelShare of CWI STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuel. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 27.7% of the gas in Nov 2024.Share of gas by disposition code0%50%100%Mar 26: fuel to lineFlared 27.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 49003, district 08. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

None of the gas was flared in the last 12 months. 2 months went above 3%, which we mark in the ledger below.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed once, most recently in Jan 2023

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeCentennial Resource Prod, LLC, Jan 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262020202120222023202420252026Changed Jan 2023Centennial Resource Prod, LLCJan 2020 to Dec 2022Permian Resources Operating,…Jan 2023 to now
Operators of this lease over timeCentennial Resource Prod, LLC, Jan 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262020202120222023202420252026Changed Jan 2023Centennial Resource Prod, LLCJan 2020 to Dec 2022Permian Resources Operating, LLCJan 2023 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

6 wells on this lease

Every well the Railroad Commission links to oil lease 49003 in district 08. The API number is the state’s ID for a well.
Wells on CWI STATE
API numberWell no.Status
42-389-326981Active
42-389-328955Active
42-389-329264Active
42-389-338216HActive
42-389-347167HActive
42-389-348988HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 49003.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Oryx Delaware Oil Transport LLC and Shell Trading (Us) Company gather it.

    Oryx Delaware Oil Transport LLC gathers it: 50% of it, on the list since Apr 1, 2020 · Shell Trading (Us) Company gathers it: 50% of it, on the list since Apr 1, 2020

  • Gas from oil wells

    Eagleclaw Midstream Ventures,llc buys and gathers it.

    Eagleclaw Midstream Ventures,llc buys it: 100% of it, on the list since Sep 2, 2015 · Eagleclaw Midstream Ventures,llc gathers it: 100% of it, on the list since Sep 2, 2015

Companies that used to be listed: Gibson Energy Marketing, LLC (gathers it, until Apr 1, 2020); Oryx So. Delaware Ogt LLC (gathers it, until Apr 1, 2020).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

640 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
65 not plugged
Horizontal
3
First completion
Mar 30, 2011
Latest permit
Jul 6, 2017

The wells on this lease state different acreage

The permits state between 320 and 640 acres. Use the acres from your own division order for the well you are paid on.

Wells and acres on the permits for Cwi State
API numberWell no.Acreson the permit
42-389-338216H640
42-389-326981640
42-389-328955640
42-389-329264640
42-389-348988H320
42-389-347167H640

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What Permian Resources Corporation told investors it received

Permian Resources Operating, LLC is linked to Permian Resources Corporation (PR). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says CWI STATE sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

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Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for CWI STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Permian Resources2,0612,7274,6673,7970$80.46$2.89
Jun 2026Permian Resources1,6637813,9593,1170$84.81$3.15
May 2026Permian Resources8913962,9212,0673$102.13$2.94
Apr 2026Permian Resources4066322,2241,3850$100.32$2.77
Mar 2026Permian Resources5354141,8369740$91.38$3.04
Feb 2026Permian Resources4383581,2724950$64.51$3.62
Jan 2026Permian Resources494770894240$60.04$7.72
Dec 2025Permian Resources550291867260$57.97$4.26
Nov 2025Permian Resources6648261,1584280$60.06$3.79
Oct 2025Permian Resources8689432,3041,5040$60.89$3.19
Sep 2025Permian Resources1,2021,3723,1422,3560$63.96$2.97
Aug 2025Permian Resources8621,0302,7211,8790$64.86$2.91
Jul 2025Permian Resources1,7921,3102,5921,8620$68.39$3.20
Jun 2025Permian Resources8541,4242,4801,7070$68.17$3.02
May 2025Permian Resources9225052,3021,4880$62.17$3.12
Apr 2025Permian Resources1,4241,1482,8021,9600$63.54$3.42
Mar 2025Permian Resources1,8212,0603,8532,9830$68.24$4.12
Feb 2025Permian Resources1,3481,4933,6172,78843$71.53$4.19
Jan 2025Permian Resources1,1311,0072,2081,3380$75.74$4.13
Dec 2024Permian Resources1,2431,5182,5341,6640$70.12$3.01
Nov 2024Permian Resources1,0709373,0261,429839$69.95$2.12
Oct 2024Permian Resources1,2321,4292,5231,6530$71.99$2.20
Sep 2024Permian Resources8737062,3451,53453$70.24$2.28
Aug 2024Permian Resources8511,0492,3381,5800$76.68$1.99
Jul 2024Permian Resources8961,0632,4211,6630$81.80$2.07
Jun 2024Permian Resources8306492,1761,3900$79.77$2.54
May 2024Permian Resources1,0961,1402,6251,7550$80.02$2.12
Apr 2024Permian Resources9721,3572,5832,02524$85.35$1.60
Mar 2024Permian Resources9908004,6373,8790$81.28$1.49
Feb 2024Permian Resources1,0081,2137,1986,4400$77.25$1.72
Jan 2024Permian Resources9899332,7932,0070$74.15$3.18
Dec 2023Permian Resources7807332,3571,7390$71.90$2.52
Nov 2023Permian Resources9228883,4842,339303$77.69$2.71
Oct 2023Permian Resources9441,0144,7133,8430$85.64$2.98
Sep 2023Permian Resources7201,0963,2662,40915$89.43$2.64
Aug 2023Permian Resources1,2381,0143,4462,7160$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

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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Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 49003, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.