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Texas oil lease

Producing

GARNET STATE

Garnet State is an oil lease in Pecos County, Texas, operated by Pearl Resources Operating Co.llc in the Phantom (Wolfcamp) field.

4 wells

143bbl oil, last 12 months−26% vs prior year
Operator
Pearl Resources Operating Co.llc
County
Pecos County
Field
Phantom (Wolfcamp)
RRC lease
08-48966

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County
Gas, last 12 months
120 mcf
Oil in Jul 2026
24 bbl

Production by month

Oil output fell 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for GARNET STATE, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 143 bbl in the 12 months through Jul 2026, against 194 bbl in the 12 months before.Last 12 months: 143 bblbbl per monthmcf per month001032053084010Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for GARNET STATE, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 143 bbl in the 12 months through Jul 2026, against 194 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001032053084010Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

  • Lease fuel (1)
  • Flared (4)
All of the gas went to flaring in the last 12 monthsShare of GARNET STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of GARNET STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 34 months above 3%.

4 wells on this lease

Wells on GARNET STATE
API numberWell no.Status
42-371-394113Active
42-371-397542021HAShut-in
42-371-397562022HAShut-in
42-371-397572211HDShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Rio Energy International, Inc.OilGathers100Sep 1, 2018
Targa Midstream Services LLCCasinghead gasBuys100Jun 1, 2018
Targa Midstream Services LLCCasinghead gasGathers100Jun 1, 2018

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

Who buys my oilOil price check

955.22 acres on the newest permit

Permits for Garnet State
API numberWell no.Acreson the permit
42-371-397542021HA955.22
42-371-397562022HA955.22
42-371-397572211HD955.22
42-371-394113955.22

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

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36 months, newest first

Ledger for GARNET STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202624010010$80.46$2.89
Jun 202614010010$84.81$3.15
May 202616010010$102.13$2.94
Apr 202616010010$100.32$2.77
Mar 202612010010$91.38$3.04
Feb 20262010010$64.51$3.62
Jan 20263010010$60.04$7.72
Dec 202558310010$57.97$4.26
Nov 20255010010$60.06$3.79
Oct 202515010010$60.89$3.19
Sep 202517010010$63.96$2.97
Aug 202514010010$64.86$2.91
Jul 202516010010$68.39$3.20
Jun 20251310210010$68.17$3.02
May 202528010010$62.17$3.12
Apr 202516010010$63.54$3.42
Mar 20259010010$68.24$4.12
Feb 202517010010$71.53$4.19
Jan 202550500$75.74$4.13
Dec 20242812710010$70.12$3.01
Nov 202418010010$69.95$2.12
Oct 202419010010$71.99$2.20
Sep 202414010010$70.24$2.28
Aug 202411010010$76.68$1.99
Jul 202438010010$81.80$2.07
Jun 20242010010$79.77$2.54
May 20245010010$80.02$2.12
Apr 202400000$85.35$1.60
Mar 20241810510010$81.28$1.49
Feb 2024228910010$77.25$1.72
Jan 202426010010$74.15$3.18
Dec 202324010010$71.90$2.52
Nov 202321010010$77.69$2.71
Oct 20237010010$85.64$2.98
Sep 202310010010$89.43$2.64
Aug 202323010010$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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Nearby

This lease belongs to

OperatorPearl Resources Operating Co.llcFieldPhantom (Wolfcamp)CountyPecos County

Pearl Resources Operating Co.llc in Pecos County

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Phantom (Wolfcamp) field

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