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Texas oil lease

Producing

CWI STATE B

Cwi State B is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Phantom (Wolfcamp) field.

1 well

19,172bbl oil, last 12 months−6% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-49807

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
124,370 mcf
Oil in Jul 2026
1,449 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: KINETIK HOLDINGS LP replaced EAGLECLAW MIDSTREAM VENTURES,LLC as the buyer of this lease's gas from oil wells on May 1, 2026.

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

See why checks stop on this lease

Production by month

Oil output fell 6% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for CWI STATE B, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 19,172 bbl in the 12 months through Jul 2026, against 20,368 bbl in the 12 months before.Last 12 months: 19,172 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for CWI STATE B, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 19,172 bbl in the 12 months through Jul 2026, against 20,368 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

80% of the gas went to a transmission line in the last 12 months

Flaring peaked at 31.9% of the gas in Nov 2023.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
80% of the gas went to a transmission line in the last 12 monthsShare of CWI STATE B gas by disposition code each month, Aug 2023 to Jul 2026. 80% of the gas went to a transmission line in the last 12 months. Flaring peaked at 31.9% of the gas in Nov 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 31.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
80% of the gas went to a transmission line in the last 12 monthsShare of CWI STATE B gas by disposition code each month, Aug 2023 to Jul 2026. 80% of the gas went to a transmission line in the last 12 months. Flaring peaked at 31.9% of the gas in Nov 2023.Share of gas by disposition code0%50%100%Flared 31.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    80% · 99,763 mcf

  • Lease fuel (1)

    18% · 21,777 mcf

  • Flared (4)

    2.3% · 2,830 mcf

2.3% of the gas flared in the last 12 months. 3 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2023

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, through Jul 2026.

1 well on this lease

Wells on CWI STATE B
API numberWell no.Status
42-389-3606511HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers49May 1, 2026–
Plains Pipeline L.p.OilGathers49May 1, 2026–
Enterprise Crude Oil LLCOilGathers2May 1, 2026–
Kinetik Holdings LPCasinghead gasBuys100May 1, 2026–
Kinetik Holdings LPCasinghead gasGathers100May 1, 2026–
Eagleclaw Midstream Ventures,llcCasinghead gasGathers100Nov 29, 2017May 1, 2026
Eagleclaw Midstream Ventures,llcCasinghead gasBuys100Nov 29, 2017May 1, 2026
Oryx Delaware Oil Transport LLCOilGathers100Jan 1, 2020May 1, 2026
Oryx So. Delaware Ogt LLCOilGathers100Feb 21, 2019Jan 1, 2020
Oryx So. Delaware Ogt LLCOilGathers80Nov 29, 2017Feb 21, 2019
Permian Crude Transport, LPOilGathers20Nov 29, 2017Feb 21, 2019

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

Who buys my oilOil price check

1,280 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.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Cwi State B
API numberWell no.Acreson the permit
42-389-3606511H1,280

SourceRailroad Commission drilling permits, Sep 26, 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 CWI STATE B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources1,4491,5389,7987,9330$80.46$2.89
Jun 2026Permian Resources1,6761,79811,3429,2000$84.81$3.15
May 2026Permian Resources1,5561,48610,3388,3470$102.13$2.94
Apr 2026Permian Resources1,6631,53910,7298,6500$100.32$2.77
Mar 2026Permian Resources1,7551,89010,6718,7810$91.38$3.04
Feb 2026Permian Resources1,5211,4418,6356,9220$64.51$3.62
Jan 2026Permian Resources1,2701,28411,0746,3532,830$60.04$7.72
Dec 2025Permian Resources1,6531,64211,2729,4880$57.97$4.26
Nov 2025Permian Resources1,6961,71011,0069,4250$60.06$3.79
Oct 2025Permian Resources1,7641,71111,0919,4210$60.89$3.19
Sep 2025Permian Resources1,6341,7569,5187,9720$63.96$2.97
Aug 2025Permian Resources1,5351,7288,8967,2710$64.86$2.91
Jul 2025Permian Resources1,6971,5378,7927,39735$68.39$3.20
Jun 2025Permian Resources1,5471,6325,5604,0000$68.17$3.02
May 2025Permian Resources1,5781,5097,2235,7280$62.17$3.12
Apr 2025Permian Resources1,5061,5759,4107,7050$63.54$3.42
Mar 2025Permian Resources1,7561,6249,5347,7690$68.24$4.12
Feb 2025Permian Resources1,6521,5007,9376,072121$71.53$4.19
Jan 2025Permian Resources1,5481,6458,5396,6050$75.74$4.13
Dec 2024Permian Resources1,8121,8729,5117,5880$70.12$3.01
Nov 2024Permian Resources1,5981,7648,1875,939741$69.95$2.12
Oct 2024Permian Resources1,8961,8609,7828,0840$71.99$2.20
Sep 2024Permian Resources1,8581,8149,0657,54370$70.24$2.28
Aug 2024Permian Resources1,9201,9289,2207,6740$76.68$1.99
Jul 2024Permian Resources1,8781,7939,8538,2970$81.80$2.07
Jun 2024Permian Resources1,8471,90510,4588,76369$79.77$2.54
May 2024Permian Resources1,9872,00010,8748,9190$80.02$2.12
Apr 2024Permian Resources1,9541,86310,3809,06125$85.35$1.60
Mar 2024Permian Resources2,0142,00310,4858,450308$81.28$1.49
Feb 2024Permian Resources1,9531,92616,88415,12077$77.25$1.72
Jan 2024Permian Resources2,1322,24812,55310,8180$74.15$3.18
Dec 2023Permian Resources2,1422,09211,94310,5610$71.90$2.52
Nov 2023Permian Resources1,7751,72310,9545,6003,491$77.69$2.71
Oct 2023Permian Resources1,9731,96410,5638,8260$85.64$2.98
Sep 2023Permian Resources2,0232,11411,1719,6070$89.43$2.64
Aug 2023Permian Resources2,0921,99711,2839,7990$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, LLCFieldPhantom (Wolfcamp)CountyReeves County

Permian Resources Operating, LLC in Reeves County

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Phantom (Wolfcamp) field

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