Texas oil lease
ProducingGIBSON L
Gibson L is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Phantom (Wolfcamp) field.
4 wells
- Operator
- Permian Resources Operating, LLC
- County
- Reeves County
- Field
- Phantom (Wolfcamp)
- RRC lease
- 08-49289
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 276,090 mcf
- Oil in Jul 2026
- 9,137 bbl
Production by month
Oil output rose 29% over the last 12 months
- Oil (bars)
- Gas (line)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Where the gas went
99% of the gas went to a transmission line in the last 12 months
Flaring peaked at 16.2% of the gas in Jan 2025.
- Transmission line (2)
- Lease fuel (1)
- Flared (4)
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Transmission line (2)
99% · 272,262 mcf
Lease fuel (1)
1.2% · 3,408 mcf
Flared (4)
0.2% · 420 mcf
0.2% of the gas flared in the last 12 months. One month above 3%.
Who has run this lease
The operator changed once, most recently in Jan 2023
- Permian Resources Operating, LLC Jan 2023 to now
- Centennial Resource Prod, LLC Jan 2020 to Dec 2022
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
4 wells on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-389-35101 | 3RH | Active |
| 42-389-36851 | U 13H | Active |
| 42-389-36857 | U 21H | Active |
| 42-389-41357 | 331H | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Plains Marketing, L.p. | Oil | Gathers | 49 | May 1, 2026 | – |
| Plains Pipeline L.p. | Oil | Gathers | 49 | May 1, 2026 | – |
| Enterprise Crude Oil LLC | Oil | Gathers | 2 | May 1, 2026 | – |
| Kinetik Holdings LP | Casinghead gas | Buys | 100 | May 1, 2026 | – |
| Kinetik Holdings LP | Casinghead gas | Gathers | 100 | May 1, 2026 | – |
| Eagleclaw Midstream Ventures,llc | Casinghead gas | Gathers | 100 | Jan 1, 2016 | May 1, 2026 |
| Eagleclaw Midstream Ventures,llc | Casinghead gas | Buys | 100 | Jan 1, 2016 | May 1, 2026 |
| Oryx Delaware Oil Transport LLC | Oil | Gathers | 100 | Jan 1, 2020 | May 1, 2026 |
| Oryx So. Delaware Ogt LLC | Oil | Gathers | 100 | Jan 1, 2016 | Jan 1, 2020 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
640 acres on the newest permit
The wells on this lease state different acreage
The permits state between 640 and 1,280 acres.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-389-41357 | 331H | Sep 6, 2024 | Oct 10, 2024 | 640 |
| 42-389-36851 | U 13H | Feb 26, 2018 | Sep 10, 2018 | 640 |
| 42-389-36857 | U 21H | Feb 26, 2018 | Sep 10, 2018 | 640 |
| 42-389-35101 | 3RH | Nov 24, 2015 | Jan 1, 2016 | 1,280 |
What Permian Resources Corporation told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $97.81 | −$2.40 | $23.28 | SEC filing |
| Q1 2026 | $70.91 | −$0.29 | $16.60 | SEC filing |
| Q4 2025 | $58.78 | −$0.23 | $15.44 | SEC filing |
| Q3 2025 | $64.77 | $0.52 | $17.50 | SEC filing |
| Q2 2025 | $62.71 | $0.50 | $17.75 | SEC filing |
| Q1 2025 | $70.48 | $1.35 | $23.90 | SEC filing |
SourcePermian Resources Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Permian Resources | 9,137 | 9,170 | 30,300 | 30,191 | 109 | $80.46 | $2.89 |
| Jun 2026Permian Resources | 8,203 | 8,151 | 26,995 | 26,991 | 4 | $84.81 | $3.15 |
| May 2026Permian Resources | 9,426 | 9,442 | 25,700 | 25,660 | 40 | $102.13 | $2.94 |
| Apr 2026Permian Resources | 9,003 | 9,418 | 23,016 | 22,959 | 57 | $100.32 | $2.77 |
| Mar 2026Permian Resources | 9,252 | 8,827 | 22,568 | 22,568 | 0 | $91.38 | $3.04 |
| Feb 2026Permian Resources | 10,034 | 10,016 | 20,958 | 20,434 | 0 | $64.51 | $3.62 |
| Jan 2026Permian Resources | 13,219 | 13,239 | 21,799 | 21,236 | 26 | $60.04 | $7.72 |
| Dec 2025Permian Resources | 13,056 | 13,042 | 20,728 | 20,224 | 0 | $57.97 | $4.26 |
| Nov 2025Permian Resources | 12,904 | 12,855 | 20,917 | 20,435 | 0 | $60.06 | $3.79 |
| Oct 2025Permian Resources | 9,374 | 9,418 | 21,588 | 20,992 | 129 | $60.89 | $3.19 |
| Sep 2025Permian Resources | 8,335 | 8,353 | 20,610 | 20,115 | 41 | $63.96 | $2.97 |
| Aug 2025Permian Resources | 9,140 | 9,105 | 20,911 | 20,457 | 14 | $64.86 | $2.91 |
| Jul 2025Permian Resources | 9,441 | 9,479 | 18,615 | 17,915 | 292 | $68.39 | $3.20 |
| Jun 2025Permian Resources | 11,776 | 11,826 | 21,561 | 21,115 | 9 | $68.17 | $3.02 |
| May 2025Permian Resources | 14,035 | 13,971 | 24,699 | 23,966 | 258 | $62.17 | $3.12 |
| Apr 2025Permian Resources | 17,050 | 17,035 | 28,819 | 27,628 | 689 | $63.54 | $3.42 |
| Mar 2025Permian Resources | 20,213 | 20,387 | 33,900 | 33,864 | 18 | $68.24 | $4.12 |
| Feb 2025Permian Resources | 18,418 | 18,090 | 30,986 | 30,934 | 52 | $71.53 | $4.19 |
| Jan 2025Permian Resources | 466 | 419 | 1,613 | 1,351 | 262 | $75.74 | $4.13 |
| Dec 2024Permian Resources | 440 | 412 | 751 | 751 | 0 | $70.12 | $3.01 |
| Nov 2024Permian Resources | 413 | 357 | 837 | 837 | 0 | $69.95 | $2.12 |
| Oct 2024Permian Resources | 471 | 499 | 956 | 956 | 0 | $71.99 | $2.20 |
| Sep 2024Permian Resources | 452 | 418 | 1,072 | 1,072 | 0 | $70.24 | $2.28 |
| Aug 2024Permian Resources | 496 | 500 | 1,177 | 1,177 | 0 | $76.68 | $1.99 |
| Jul 2024Permian Resources | 512 | 565 | 1,175 | 1,175 | 0 | $81.80 | $2.07 |
| Jun 2024Permian Resources | 1,169 | 1,222 | 3,632 | 3,632 | 0 | $79.77 | $2.54 |
| May 2024Permian Resources | 2,238 | 2,576 | 6,186 | 6,186 | 0 | $80.02 | $2.12 |
| Apr 2024Permian Resources | 1,971 | 1,501 | 5,897 | 5,897 | 0 | $85.35 | $1.60 |
| Mar 2024Permian Resources | 2,160 | 2,504 | 6,414 | 6,414 | 0 | $81.28 | $1.49 |
| Feb 2024Permian Resources | 2,056 | 2,025 | 6,326 | 6,326 | 0 | $77.25 | $1.72 |
| Jan 2024Permian Resources | 2,273 | 1,993 | 6,831 | 6,831 | 0 | $74.15 | $3.18 |
| Dec 2023Permian Resources | 2,301 | 2,602 | 6,894 | 6,894 | 0 | $71.90 | $2.52 |
| Nov 2023Permian Resources | 2,426 | 2,188 | 7,942 | 7,942 | 0 | $77.69 | $2.71 |
| Oct 2023Permian Resources | 2,701 | 2,730 | 8,026 | 8,026 | 0 | $85.64 | $2.98 |
| Sep 2023Permian Resources | 2,646 | 2,602 | 8,022 | 8,022 | 0 | $89.43 | $2.64 |
| Aug 2023Permian Resources | 2,844 | 3,075 | 7,953 | 7,953 | 0 | $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
Permian Resources Operating, LLC in Reeves County
- BAT MASTERSON A
115,664 bbl
- WEBSTER STATE 20-17 F
124,266 bbl
- HORNET STATE E
118,570 bbl
- BAT MASTERSON D
103,362 bbl
- WEBSTER STATE 20-17 G
121,607 bbl
- WEBSTER STATE 20-17 I
119,515 bbl
- ROCK SAND B
112,960 bbl
- RIO LOBO STATE A
996,858 mcf
- VINTAGE F
555,075 mcf
- BIG BABY A
637,599 mcf
Phantom (Wolfcamp) field
- HAT TRICK 56-T1-42X31 A
446,748 mcf
- DIRE WOLF 50 WA A
121,605 bbl
- J.T. MORRIS WEST B
122,460 bbl
- STATE GOODSPEED 57-T2-45X4 B
930,594 mcf
- BROSNAN BENTLEY
108,483 bbl
- UL 20 PITCHFORK W 26-35B
125,251 bbl
- CASA 56-T2-22X15 YA
498,089 mcf
- STATE CD 10/15
788,911 mcf
- BRENNAN DALE
618,878 mcf
- LINK VJ RANCH WEST 30-31
542,194 mcf
Leases within 10 km
- FAUDREE
21 bbl · 0.2 km
- ROADRUNNER
147,233 bbl · 0.6 km
- SHELBY STATE
12,403 bbl · 1.5 km
- BARRACUDA B
23,734 bbl · 1.7 km
- COLLINS STATE A
164,448 bbl · 1.8 km
- COLLINS STATE B
89,571 bbl · 1.8 km
- BARRACUDA A
4,644 bbl · 1.9 km
- BARRACUDA D
10,941 bbl · 1.9 km
- BARRACUDA C
3,066 bbl · 1.9 km
- FLOYD
1 bbl · 1.9 km
Drilling permits within 10 km
STILL TIPPIN A2 UNIT #4505U
new drill · horizontal · Greenlake Energy Operating, LLC · Reeves County · 2.8 km
Permit 0916841 · Jul 8, 2026
STILL TIPPIN A1 UNIT #3805U
new drill · horizontal · Greenlake Energy Operating, LLC · Reeves County · 2.8 km
Permit 0916840 · Jul 8, 2026
STILL TIPPIN UNIT #4103H
new drill · horizontal · Greenlake Energy Operating, LLC · Reeves County · 2.8 km
Permit 0916834 · Jul 6, 2026
STILL TIPPIN UNIT #4501H
new drill · horizontal · Greenlake Energy Operating, LLC · Reeves County · 2.8 km
Permit 0916833 · Jul 6, 2026
STILL TIPPIN UNIT #4107H
new drill · horizontal · Greenlake Energy Operating, LLC · Reeves County · 2.8 km
Permit 0916835 · Jul 6, 2026