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Texas oil lease

Producing

GAZELLE 23

Gazelle 23 is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Wolfbone (Trend Area) field.

5 wells

6,086bbl oil, last 12 months−41% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Wolfbone (Trend Area)
RRC lease
08-42313

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
7,664 mcf
Oil in Jul 2026
330 bbl

Production by month

Oil output fell 41% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 41% over the last 12 monthsMonthly oil production and gas for GAZELLE 23, Aug 2023 to Jul 2026. Oil output fell 41% over the last 12 months. 6,086 bbl in the 12 months through Jul 2026, against 10,351 bbl in the 12 months before.Last 12 months: 6,086 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 41% over the last 12 monthsMonthly oil production and gas for GAZELLE 23, Aug 2023 to Jul 2026. Oil output fell 41% over the last 12 months. 6,086 bbl in the 12 months through Jul 2026, against 10,351 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 4.1% of the gas in Mar 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plantShare of GAZELLE 23 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 4.1% of the gas in Mar 2025.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2025: plant to lineFlared 4.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plantShare of GAZELLE 23 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 4.1% of the gas in Mar 2025.Share of gas by disposition code0%50%100%Nov 25: plant to lineFlared 4.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    53% · 4,039 mcf

  • Transmission line (2)

    47% · 3,579 mcf

  • Lease fuel (1)

    0.6% · 46 mcf

Who has run this lease

The operator changed 2 times, most recently in Mar 2023

Operators of this lease over timeOXY USA WTP LP, Jan 2020 to Aug 2021; Colgate Operating, LLC, Sep 2021 to Feb 2023; Permian Resources Operating, LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Sep 2021Changed Mar 2023OXY USA WTP LPJan 2020 to Aug 2021Colgate Operating, LLCSep 2021 to Feb 2023Permian Resources Operating,…Mar 2023 to now
Operators of this lease over timeOXY USA WTP LP, Jan 2020 to Aug 2021; Colgate Operating, LLC, Sep 2021 to Feb 2023; Permian Resources Operating, LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Sep 2021Changed Mar 2023OXY USA WTP LPJan 2020 to Aug 2021Colgate Operating, LLCSep 2021 to Feb 2023Permian Resources Operating, LLCMar 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on GAZELLE 23
API numberWell no.Status
42-389-328131Active
42-389-331232Active
42-389-332233Active
42-389-333204Active
42-389-345455HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Kinetik Holdings LPOilGathers100Mar 31, 2026–
Enterprise Products Operating LLCCasinghead gasBuys33.34Mar 31, 2026–
Energy Transfer CompanyCasinghead gasBuys33.33Mar 31, 2026–
Kinetik Holdings LPCasinghead gasBuys33.33Mar 31, 2026–
Kinetik Holdings LPCasinghead gasGathers100Mar 31, 2026–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015Mar 31, 2026
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015Mar 31, 2026
Enterprise Crude Oil LLCOilGathers25Jan 1, 2022Mar 31, 2026
Pilot Travel Centers LLCOilGathers25Jan 1, 2022Mar 31, 2026
Plains Pipeline L.p.OilGathers25Jan 1, 2022Mar 31, 2026
Shell Trading (Us) CompanyOilGathers25Jan 1, 2022Mar 31, 2026

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

Who buys my oilOil price check

644.34 acres on the newest permit

Check your decimal on this lease
Permits for Gazelle 23
API numberWell no.Acreson the permit
42-389-345455H644.34
42-389-333204644.34
42-389-332233644.34
42-389-331232644.34
42-389-328131644.34

SourceRailroad Commission drilling permits, Oct 3, 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 GAZELLE 23
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources3303283012990$80.46$2.89
Jun 2026Permian Resources2402343833810$84.81$3.15
May 2026Permian Resources2762613653630$102.13$2.94
Apr 2026Permian Resources5510045450$100.32$2.77
Mar 2026Permian Resources2643313933910$91.38$3.04
Feb 2026Permian Resources8528598988920$64.51$3.62
Jan 2026Permian Resources6455656896840$60.04$7.72
Dec 2025Permian Resources7087779699640$57.97$4.26
Nov 2025Permian Resources6966888818760$60.06$3.79
Oct 2025Permian Resources6707091,2151,2070$60.89$3.19
Sep 2025Permian Resources7126578078020$63.96$2.97
Aug 2025Permian Resources6386447187140$64.86$2.91
Jul 2025Permian Resources6025657587540$68.39$3.20
Jun 2025Permian Resources6616771,2851,2790$68.17$3.02
May 2025Permian Resources6146727026990$62.17$3.12
Apr 2025Permian Resources8769341,0561,0520$63.54$3.42
Mar 2025Permian Resources86391285181235$68.24$4.12
Feb 2025Permian Resources44639852520$71.53$4.19
Jan 2025Permian Resources8778419969570$75.74$4.13
Dec 2024Permian Resources8848721,1841,1450$70.12$3.01
Nov 2024Permian Resources9579851,2011,1620$69.95$2.12
Oct 2024Permian Resources1,0591,1211,0329930$71.99$2.20
Sep 2024Permian Resources1,3831,3541,0269890$70.24$2.28
Aug 2024Permian Resources1,1299298117860$76.68$1.99
Jul 2024Permian Resources386762590$81.80$2.07
Jun 2024Permian Resources1423141671540$79.77$2.54
May 2024Permian Resources1,6181,6688256804$80.02$2.12
Apr 2024Permian Resources2,1042,0711,3061,1630$85.35$1.60
Mar 2024Permian Resources1,6921,6011,06392234$81.28$1.49
Feb 2024Permian Resources7396768467820$77.25$1.72
Jan 2024Permian Resources7547347747002$74.15$3.18
Dec 2023Permian Resources5866116896430$71.90$2.52
Nov 2023Permian Resources9679601,2761,1970$77.69$2.71
Oct 2023Permian Resources1,0871,1011,6681,5690$85.64$2.98
Sep 2023Permian Resources1,4521,4547807210$89.43$2.64
Aug 2023Permian Resources1,6902,0201,8561,7130$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, LLCFieldWolfbone (Trend Area)CountyReeves County

Permian Resources Operating, LLC in Reeves County

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Wolfbone (Trend Area) field

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