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Texas oil lease

Producing

GAMBLER STATE

Gambler State is an oil lease in Reeves County, Texas, operated by Perun Energy LLC in the Phantom (Wolfcamp) field.

2 wells

1,235bbl oil, last 12 months−48% vs prior year
RRC lease
08-46134

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
2,325 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Perun Energy LLC took over from Upcurve Energy, LLC in May 2026.

  • Sales

    No sales reported for the last 2 months of state data (through Jul 2026).

  • Sales

    Sales over the last 3 months fell to 17% of the 9 months before.

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 48% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 48% over the last 12 monthsMonthly oil production and gas for GAMBLER STATE, Aug 2023 to Jul 2026. Oil output fell 48% over the last 12 months. 1,235 bbl in the 12 months through Jul 2026, against 2,365 bbl in the 12 months before.Last 12 months: 1,235 bblbbl per monthmcf per month002005004001,0006001,5008002,0001,0002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 48% over the last 12 monthsMonthly oil production and gas for GAMBLER STATE, Aug 2023 to Jul 2026. Oil output fell 48% over the last 12 months. 1,235 bbl in the 12 months through Jul 2026, against 2,365 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,0001,0002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the only month reported

All of the gas went to a transmission line in the only month reportedShare of GAMBLER STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the only month reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the only month reportedShare of GAMBLER STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the only month reported.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in May 2026

Operators of this lease over timeUpcurve Energy, LLC, Jan 2020 to Apr 2026; Perun Energy LLC, May 2026 to Jul 20262020202120222023202420252026Changed May 2026Upcurve Energy, LLCJan 2020 to Apr 2026Perun Energy LLCMay 2026 to now
Operators of this lease over timeUpcurve Energy, LLC, Jan 2020 to Apr 2026; Perun Energy LLC, May 2026 to Jul 20262020202120222023202420252026Changed May 2026Upcurve Energy, LLCJan 2020 to Apr 2026Perun Energy LLCMay 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on GAMBLER STATE
API numberWell no.Status
42-389-342142501HUActive
42-389-342442401HMActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCOilGathers100Jan 1, 2020–
Energy Transfer CompanyCasinghead gasBuys100Jun 1, 2017–
Energy Transfer CompanyCasinghead gasGathers100Jun 1, 2017–
Enterprise Crude Oil LLCOilGathers50Jun 1, 2017Jan 1, 2020
Rio Energy International, Inc.OilGathers50Apr 28, 2017Jan 1, 2020

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

640 acres on the newest permit

Permits for Gambler State
API numberWell no.Acreson the permit
42-389-342442401HM640
42-389-342142501HU640

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

Estimate your royalty

36 months, newest first

Ledger for GAMBLER STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Perun Energy00000$80.46$2.89
Jun 2026Perun Energy00000$84.81$3.15
May 2026Perun Energy91912,3252,3250$102.13$2.94
Apr 2026Upcurve Energy,481987000$100.32$2.77
Mar 2026Upcurve Energy,00000$91.38$3.04
Feb 2026Upcurve Energy,30000$64.51$3.62
Jan 2026Upcurve Energy,3150000$60.04$7.72
Dec 2025Upcurve Energy,470000$57.97$4.26
Nov 2025Upcurve Energy,230000$60.06$3.79
Oct 2025Upcurve Energy,1150000$60.89$3.19
Sep 2025Upcurve Energy,50000$63.96$2.97
Aug 2025Upcurve Energy,155577000$64.86$2.91
Jul 2025Upcurve Energy,3390000$68.39$3.20
Jun 2025Upcurve Energy,552552000$68.17$3.02
May 2025Upcurve Energy,730000$62.17$3.12
Apr 2025Upcurve Energy,50000$63.54$3.42
Mar 2025Upcurve Energy,00000$68.24$4.12
Feb 2025Upcurve Energy,50000$71.53$4.19
Jan 2025Upcurve Energy,677802000$75.74$4.13
Dec 2024Upcurve Energy,00000$70.12$3.01
Nov 2024Upcurve Energy,00000$69.95$2.12
Oct 2024Upcurve Energy,50000$71.99$2.20
Sep 2024Upcurve Energy,709594000$70.24$2.28
Aug 2024Upcurve Energy,00000$76.68$1.99
Jul 2024Upcurve Energy,00000$81.80$2.07
Jun 2024Upcurve Energy,00000$79.77$2.54
May 2024Upcurve Energy,00000$80.02$2.12
Apr 2024Upcurve Energy,50000$85.35$1.60
Mar 2024Upcurve Energy,9161,101000$81.28$1.49
Feb 2024Upcurve Energy,00000$77.25$1.72
Jan 2024Upcurve Energy,1800000$74.15$3.18
Dec 2023Upcurve Energy,5971,399000$71.90$2.52
Nov 2023Upcurve Energy,7910000$77.69$2.71
Oct 2023Upcurve Energy,00000$85.64$2.98
Sep 2023Upcurve Energy,297778000$89.43$2.64
Aug 2023Upcurve Energy,1400000$81.39$2.58

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

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Nearby

Perun Energy LLC in Reeves County

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Phantom (Wolfcamp) field

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