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Texas oil lease

Producing

ELEPHANT 3

Elephant 3 is an oil lease in Reeves County, Texas, operated by VTX Energy Operating, LLC in the Wolfbone (Trend Area) field.

2 wells

17,083bbl oil, last 12 months+25% vs prior year
Operator
VTX Energy Operating, LLC
County
Reeves County
Field
Wolfbone (Trend Area)
RRC lease
08-45363

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
19,527 mcf
Oil in Jul 2026
1,374 bbl

Production by month

Oil output rose 25% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 25% over the last 12 monthsMonthly oil production and gas for ELEPHANT 3, Aug 2023 to Jul 2026. Oil output rose 25% over the last 12 months. 17,083 bbl in the 12 months through Jul 2026, against 13,655 bbl in the 12 months before.Last 12 months: 17,083 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 25% over the last 12 monthsMonthly oil production and gas for ELEPHANT 3, Aug 2023 to Jul 2026. Oil output rose 25% over the last 12 months. 17,083 bbl in the 12 months through Jul 2026, against 13,655 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a processing plant in the last 12 months

Flaring peaked at 25.8% of the gas in Apr 2025.

  • Processing plant (3)
  • Flared (4)
96% of the gas went to a processing plant in the last 12 monthsShare of ELEPHANT 3 gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a processing plant in the last 12 months. Flaring peaked at 25.8% of the gas in Apr 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 25.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a processing plant in the last 12 monthsShare of ELEPHANT 3 gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a processing plant in the last 12 months. Flaring peaked at 25.8% of the gas in Apr 2025.Share of gas by disposition code0%50%100%Flared 25.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    96% · 18,807 mcf

  • Flared (4)

    3.7% · 720 mcf

3.7% of the gas flared in the last 12 months. 12 months above 3%.

Who has run this lease

The operator changed once, most recently in Sep 2023

Operators of this lease over timePri Operating, LLC, Jan 2020 to Aug 2023; VTX Energy Operating, LLC, Sep 2023 to Jul 20262020202120222023202420252026Changed Sep 2023Pri Operating, LLCJan 2020 to Aug 2023VTX Energy Operating, LLCSep 2023 to now
Operators of this lease over timePri Operating, LLC, Jan 2020 to Aug 2023; VTX Energy Operating, LLC, Sep 2023 to Jul 20262020202120222023202420252026Changed Sep 2023Pri Operating, LLCJan 2020 to Aug 2023VTX Energy Operating, LLCSep 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on ELEPHANT 3
API numberWell no.Status
42-389-338381HActive
42-389-343222HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCOilGathers50Jan 1, 2020–
Plains Marketing, L.p.OilGathers50Jan 9, 2024–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015–
United Energy Trading LLCOilGathers50Aug 1, 2019Jan 9, 2024
Etc Texas P/L, LTDCasinghead gasBuys100Aug 1, 2019Oct 1, 2023
Oryx So. Delaware Ogt LLCOilGathers50Feb 1, 2016Jan 1, 2020
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015Aug 1, 2019
Shell Trading (Us) CompanyOilGathers50Feb 1, 2016Aug 1, 2019

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

Who buys my oilOil price check

639.55 acres on the newest permit

Permits for Elephant 3
API numberWell no.Acreson the permit
42-389-343222H639.55
42-389-338381H639.60

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for ELEPHANT 3
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026VTX Energy1,3741,3191,6591,249410$80.46$2.89
Jun 2026VTX Energy1,3571,4891,6161,477139$84.81$3.15
May 2026VTX Energy1,4221,3501,6501,6500$102.13$2.94
Apr 2026VTX Energy1,4561,3681,6441,6440$100.32$2.77
Mar 2026VTX Energy1,3801,5131,8191,8190$91.38$3.04
Feb 2026VTX Energy1,4601,4321,6761,6760$64.51$3.62
Jan 2026VTX Energy1,4991,4441,5501,5500$60.04$7.72
Dec 2025VTX Energy1,6111,7021,5311,52011$57.97$4.26
Nov 2025VTX Energy1,1611,1361,4431,4430$60.06$3.79
Oct 2025VTX Energy1,7571,7322,1782,09583$60.89$3.19
Sep 2025VTX Energy1,0119421,2071,13077$63.96$2.97
Aug 2025VTX Energy1,5951,5721,5541,5540$64.86$2.91
Jul 2025VTX Energy692111121120$68.39$3.20
Jun 2025VTX Energy8909751,1811,1810$68.17$3.02
May 2025VTX Energy4682785185153$62.17$3.12
Apr 2025VTX Energy1,3271,4401,5331,138395$63.54$3.42
Mar 2025VTX Energy1,7891,7261,1951,17124$68.24$4.12
Feb 2025VTX Energy8271,0538118092$71.53$4.19
Jan 2025VTX Energy8867679469406$75.74$4.13
Dec 2024VTX Energy1,4961,4601,6971,63265$70.12$3.01
Nov 2024VTX Energy1,8831,7451,9591,803156$69.95$2.12
Oct 2024VTX Energy2,0942,2852,2012,051150$71.99$2.20
Sep 2024VTX Energy9688331,0581,0571$70.24$2.28
Aug 2024VTX Energy9589881,1231,1203$76.68$1.99
Jul 2024VTX Energy1,6211,6292,1762,1724$81.80$2.07
Jun 2024VTX Energy1,9031,8342,4162,4142$79.77$2.54
May 2024VTX Energy1,7921,7842,4892,298191$80.02$2.12
Apr 2024VTX Energy1,8771,9052,6242,58539$85.35$1.60
Mar 2024VTX Energy1,9652,0142,5162,5160$81.28$1.49
Feb 2024VTX Energy1,7191,5491,8351,8350$77.25$1.72
Jan 2024VTX Energy1,3751,6031,4801,4800$74.15$3.18
Dec 2023VTX Energy1,5971,3821,9231,9230$71.90$2.52
Nov 2023VTX Energy9771,0021,2571,2570$77.69$2.71
Oct 2023VTX Energy1,7151,7452,2822,158124$85.64$2.98
Sep 2023VTX Energy1,7891,8002,5741,938636$89.43$2.64
Aug 2023Pri Operating,1,9851,9942,4222,022400$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorVTX Energy Operating, LLCFieldWolfbone (Trend Area)CountyReeves County

VTX Energy Operating, LLC in Reeves County

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