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Texas oil lease

Producing

JOSHUA 32-51 E

Joshua 32-51 E is an oil lease in Upton County, Texas, operated by Crescent Energy Operating, LLC in the Spraberry (Trend Area) R 40 Exc field.

1 well

22,321bbl oil, last 12 months−30% vs prior year
Operator
Crescent Energy Operating, LLC
County
Upton County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
7C-21595

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
125,987 mcf
Oil in Jun 2026
1,480 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Vital Energy, Inc. in Jan 2026.

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 30% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for JOSHUA 32-51 E, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 21,315 bbl in the 12 months through Jul 2026, against 30,611 bbl in the 12 months before.Last 12 months: 21,315 bblbbl per monthmcf per month002,50010k5,00020k7,50030k10k40kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for JOSHUA 32-51 E, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 21,315 bbl in the 12 months through Jul 2026, against 30,611 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50010k5,00020k7,50030k10k40kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 3.5% of the gas in Jun 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plantShare of JOSHUA 32-51 E gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 3.5% of the gas in Jun 2024.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: plant to lineFlared 3.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plantShare of JOSHUA 32-51 E gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 3.5% of the gas in Jun 2024.Share of gas by disposition code0%50%100%Nov 23: plant to lineFlared 3.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    100% · 125,856 mcf

  • Flared (4)

    0.1% · 131 mcf

0.1% of the gas flared in the last 12 months. One month above 3%.

Who has run this lease

The operator changed 2 times, most recently in Jan 2026

Operators of this lease over timeHenry Resources LLC, Feb 2022 to Jul 2023; Vital Energy, Inc., Aug 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262023202420252026Changed Aug 2023Changed Jan 2026Henry Resources LLCFeb 2022 to Jul 2023Vital Energy, Inc.Aug 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timeHenry Resources LLC, Feb 2022 to Jul 2023; Vital Energy, Inc., Aug 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262023202420252026Changed Aug 2023Changed Jan 2026Henry Resources LLCFeb 2022 to Jul 2023Vital Energy, Inc.Aug 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on JOSHUA 32-51 E
API numberWell no.Status
42-461-4181622BLActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Mv Purchasing, LLCOilGathers100Feb 17, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Feb 17, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Feb 17, 2022

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

Who buys my oilOil price check

1,148.10 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Joshua 32-51 E
API numberWell no.Acreson the permit
42-461-4181622BL1,148.10

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

Unit decimal checker

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for JOSHUA 32-51 E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy1,4801,48011,04111,0410$84.81$3.15
May 2026Crescent Energy1,7521,75714,13314,1330$102.13$2.94
Apr 2026Crescent Energy1,8581,86215,43115,4292$100.32$2.77
Mar 2026Crescent Energy1,6181,62413,24713,2434$91.38$3.04
Feb 2026Crescent Energy1,8791,88712,42812,34682$64.51$3.62
Jan 2026Crescent Energy2,0131,9975,6575,6570$60.04$7.72
Dec 2025Vital Energy,1,5651,6015,4625,4620$57.97$4.26
Nov 2025Vital Energy,2,5702,54113,87013,8628$60.06$3.79
Oct 2025Vital Energy,2,7312,72013,22913,2281$60.89$3.19
Sep 2025Vital Energy,2,0021,9979,5149,48133$63.96$2.97
Aug 2025Vital Energy,1,8471,8438,0908,0900$64.86$2.91
Jul 2025Vital Energy,1,0061,0143,8853,8841$68.39$3.20
Jun 2025Vital Energy,1,4981,50810,07710,0770$68.17$3.02
May 2025Vital Energy,1,9531,99012,90212,9020$62.17$3.12
Apr 2025Vital Energy,1,8931,87412,83812,80632$63.54$3.42
Mar 2025Vital Energy,2,1712,16115,97015,9700$68.24$4.12
Feb 2025Vital Energy,2,4422,45116,13316,1330$71.53$4.19
Jan 2025Vital Energy,3,0503,02917,81117,8110$75.74$4.13
Dec 2024Vital Energy,3,1693,17919,21619,2160$70.12$3.01
Nov 2024Vital Energy,3,0743,06818,44318,4430$69.95$2.12
Oct 2024Vital Energy,3,0983,11119,89819,8980$71.99$2.20
Sep 2024Vital Energy,3,5073,54019,56219,5620$70.24$2.28
Aug 2024Vital Energy,3,7503,69922,33022,3300$76.68$1.99
Jul 2024Vital Energy,3,4973,52020,47520,4750$81.80$2.07
Jun 2024Vital Energy,3,1493,16121,58620,830756$79.77$2.54
May 2024Vital Energy,3,8843,87222,48522,4850$80.02$2.12
Apr 2024Vital Energy,3,1933,19716,72716,7270$85.35$1.60
Mar 2024Vital Energy,3,3443,35419,51119,5110$81.28$1.49
Feb 2024Vital Energy,3,8913,87216,73516,7350$77.25$1.72
Jan 2024Vital Energy,4,2444,24339,83239,76369$74.15$3.18
Dec 2023Vital Energy,4,7334,72716,79216,69597$71.90$2.52
Nov 2023Vital Energy,4,4464,41729,22229,2220$77.69$2.71
Oct 2023Vital Energy,3,5793,61610,97410,9490$85.64$2.98
Sep 2023Vital Energy,6,1886,21118,65718,6160$89.43$2.64
Aug 2023Vital Energy,8,2108,17921,30321,2500$81.39$2.58

No report filed 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

OperatorCrescent Energy Operating, LLCFieldSpraberry (Trend Area) R 40 ExcCountyUpton County

Crescent Energy Operating, LLC in Upton County

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Spraberry (Trend Area) R 40 Exc field

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