Skip to content
Royalty Clerk

Texas oil lease

Producing

FAT CHANCE STATE F

Fat Chance State F is an oil lease in Reeves County, Texas, operated by Crescent Energy Operating, LLC in the Phantom (Wolfcamp) field.

1 well

195,345bbl oil, last 12 months
Operator
Crescent Energy Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-64304

Is your check right?

Check my statement

Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
635,890 mcf
Oil in Jun 2026
7,468 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Vital Energy, Inc. in Jan 2026.

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 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 68% since Jul 2025

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
Oil output fell 68% since Jul 2025Monthly oil production and gas for FAT CHANCE STATE F, Jul 2025 to Jul 2026. Oil output fell 68% since Jul 2025. Monthly average of 8,411 bbl in the latest 3 months, against 26,170 bbl in the first 3.bbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kJul 25OctJan 26AprJul
Oil output fell 68% since Jul 2025Monthly oil production and gas for FAT CHANCE STATE F, Jul 2025 to Jul 2026. Oil output fell 68% since Jul 2025. Monthly average of 8,411 bbl in the latest 3 months, against 26,170 bbl in the first 3.bbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

69% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Jul 2025.

  • Transmission line (2)
  • Flared (4)
69% of the gas went to flaring in the last 12 monthsShare of FAT CHANCE STATE F gas by disposition code each month, Jul 2025 to Jul 2026. 69% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Jul 25OctJan 26AprJul
69% of the gas went to flaring in the last 12 monthsShare of FAT CHANCE STATE F gas by disposition code each month, Jul 2025 to Jul 2026. 69% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    69% · 438,154 mcf

  • Transmission line (2)

    31% · 197,736 mcf

68.9% of the gas flared in the last 12 months. 11 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2026

Operators of this lease over timeVital Energy, Inc., Jul 2025 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262026Changed Jan 2026Vital Energy, Inc.Jul 2025 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timeVital Energy, Inc., Jul 2025 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262026Changed Jan 2026Vital Energy, Inc.Jul 2025 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on FAT CHANCE STATE F
API numberWell no.Status
42-389-414933AActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Rio Energy International, Inc.OilGathers100Jul 7, 2025–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Chevron U. S. A. Inc.Casinghead gasGathers100Jul 7, 2025–
Etc Gas Processing, LLCCasinghead gasBuys100Jul 7, 2025Mar 1, 2026

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

Who buys my oilOil price check

2,043.98 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.

Check your decimal on this lease
Permits for Fat Chance State F
API numberWell no.Acreson the permit
42-389-414933A2,043.98

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

Unit decimal checker

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

13 months, newest first

Ledger for FAT CHANCE STATE F
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy7,4687,57239,57434,6684,906$84.81$3.15
May 2026Crescent Energy9,0258,85441,66131,23610,425$102.13$2.94
Apr 2026Crescent Energy8,7418,82829,16028,213947$100.32$2.77
Mar 2026Crescent Energy10,21110,19543,28840,5112,777$91.38$3.04
Feb 2026Crescent Energy10,91410,93048,20147,343858$64.51$3.62
Jan 2026Crescent Energy12,29812,28147,10311,56535,538$60.04$7.72
Dec 2025Vital Energy,15,15615,22860,92517160,754$57.97$4.26
Nov 2025Vital Energy,15,85715,92755,1111,03854,073$60.06$3.79
Oct 2025Vital Energy,27,16427,098101,861511101,350$60.89$3.19
Sep 2025Vital Energy,29,60829,54974,546074,546$63.96$2.97
Aug 2025Vital Energy,30,99030,95759,9822,48057,502$64.86$2.91
Jul 2025Vital Energy,17,91317,80034,478034,478$68.39$3.20

No report filed Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorCrescent Energy Operating, LLCFieldPhantom (Wolfcamp)CountyReeves County

Crescent Energy Operating, LLC in Reeves County

All Crescent Energy Operating, LLC leases →

Phantom (Wolfcamp) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km