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Producing

GIGI STATE 12

Gigi State 12 is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Wolfbone (Trend Area) field.

4 wells

3,723bbl oil, last 12 months+17% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Wolfbone (Trend Area)
RRC lease
08-43049

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
123,314 mcf
Oil in Jul 2026
139 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Permian Resources Operating, LLC took over from OXY USA Inc. in Nov 2024.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output rose 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 17% over the last 12 monthsMonthly oil production and gas for GIGI STATE 12, Aug 2023 to Jul 2026. Oil output rose 17% over the last 12 months. 3,723 bbl in the 12 months through Jul 2026, against 3,181 bbl in the 12 months before.Last 12 months: 3,723 bblbbl per monthmcf per month002005,00040010k60015k80020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 17% over the last 12 monthsMonthly oil production and gas for GIGI STATE 12, Aug 2023 to Jul 2026. Oil output rose 17% over the last 12 months. 3,723 bbl in the 12 months through Jul 2026, against 3,181 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005,00040010k60015k80020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

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

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of GIGI STATE 12 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Sep 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 a processing plant in the last 12 monthsShare of GIGI STATE 12 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Sep 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.

Who has run this lease

The operator changed once, most recently in Nov 2024

Operators of this lease over timeOXY USA Inc., Jan 2020 to Oct 2024; Permian Resources Operating, LLC, Nov 2024 to Jul 20262020202120222023202420252026Changed Nov 2024OXY USA Inc.Jan 2020 to Oct 2024Permian Resources Operating,…Nov 2024 to now
Operators of this lease over timeOXY USA Inc., Jan 2020 to Oct 2024; Permian Resources Operating, LLC, Nov 2024 to Jul 20262020202120222023202420252026Changed Nov 2024OXY USA Inc.Jan 2020 to Oct 2024Permian Resources Operating, LLCNov 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on GIGI STATE 12
API numberWell no.Status
42-389-330121Active
42-389-332552Shut-in
42-389-332933Shut-in
42-389-339184Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers45Mar 31, 2026–
Plains Pipeline L.p.OilGathers45Mar 31, 2026–
Enterprise Crude Oil LLCOilGathers10Mar 31, 2026–
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015–
Etp Crude LLCOilGathers100Mar 1, 2016Mar 31, 2026

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

Who buys my oilOil price check

336.31 acres on the newest permit

Check your decimal on this lease
Permits for Gigi State 12
API numberWell no.Acreson the permit
42-389-339184336.31
42-389-332933336.31
42-389-332552336.31
42-389-330121336.31

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

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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 GIGI STATE 12
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources13913113,93113,9310$80.46$2.89
Jun 2026Permian Resources711914,6254,6250$84.81$3.15
May 2026Permian Resources2461,6281,6280$102.13$2.94
Apr 2026Permian Resources2421007,0527,0520$100.32$2.77
Mar 2026Permian Resources41345213,89013,8900$91.38$3.04
Feb 2026Permian Resources2322298,6438,6430$64.51$3.62
Jan 2026Permian Resources41041312,94112,9410$60.04$7.72
Dec 2025Permian Resources43243413,17113,1710$57.97$4.26
Nov 2025Permian Resources51652212,77212,7720$60.06$3.79
Oct 2025Permian Resources45740612,39212,3920$60.89$3.19
Sep 2025Permian Resources45543912,22412,2240$63.96$2.97
Aug 2025Permian Resources33234510,04510,0450$64.86$2.91
Jul 2025Permian Resources32228010,39610,3960$68.39$3.20
Jun 2025Permian Resources2182319,8819,8810$68.17$3.02
May 2025Permian Resources2242147,9127,9120$62.17$3.12
Apr 2025Permian Resources3093589,9169,9160$63.54$3.42
Mar 2025Permian Resources40140410,20010,2000$68.24$4.12
Feb 2025Permian Resources2272119,1529,1520$71.53$4.19
Jan 2025Permian Resources56469711,89111,8910$75.74$4.13
Dec 2024Permian Resources46341910,11710,1170$70.12$3.01
Nov 2024Permian Resources147977,0757,0750$69.95$2.12
Oct 2024OXY USA6324810,68710,6870$71.99$2.20
Sep 2024OXY USA1725610,73710,7370$70.24$2.28
Aug 2024OXY USA711435,7495,7490$76.68$1.99
Jul 2024OXY USA2006,1506,1500$81.80$2.07
Jun 2024OXY USA12931422220$79.77$2.54
May 2024OXY USA004314310$80.02$2.12
Apr 2024OXY USA9901,3011,3010$85.35$1.60
Mar 2024OXY USA00550$81.28$1.49
Feb 2024OXY USA52028280$77.25$1.72
Jan 2024OXY USA250000$74.15$3.18
Dec 2023OXY USA330000$71.90$2.52
Nov 2023OXY USA6068000$77.69$2.71
Oct 2023OXY USA103106000$85.64$2.98
Sep 2023OXY USA1973292,49302,493$89.43$2.64
Aug 2023OXY USA2821508268260$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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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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