Texas oil lease
ProducingKREPS UNIT 257 1N
Kreps Unit 257 1N is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Wolfbone (Trend Area) field.
1 well
- Operator
- Permian Resources Operating, LLC
- County
- Reeves County
- RRC lease
- 08-52120
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 59,183 mcf
- Oil in Jul 2026
- 991 bbl
Checks stopped on this lease?
- Operator
Operator changed: Permian Resources Operating, LLC took over from OXY USA WTP LP in Nov 2024.
- Buyer
Buyer changed: KINETIK HOLDINGS LP, ENTERPRISE PRODUCTS OPERATING LLC replaced OCCIDENTAL ENERGY MARKETING,INC. as the buyer of this lease's gas from oil wells on Mar 31, 2026.
SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.
See why checks stop on this leaseProduction by month
Oil output fell 26% 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
Since Nov 2025 the lease's gas goes to a transmission line instead of a processing plant
Flaring peaked at 100.0% of the gas in Feb 2025.
- Processing plant (3)
- Transmission line (2)
- Flared (4)
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Transmission line (2)
68% · 40,482 mcf
Processing plant (3)
29% · 17,204 mcf
Flared (4)
2.5% · 1,497 mcf
2.5% of the gas flared in the last 12 months. 9 months above 3%.
Who has run this lease
The operator changed once, most recently in Nov 2024
- Permian Resources Operating, LLC Nov 2024 to now
- OXY USA WTP LP Jan 2020 to Oct 2024
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
1 well on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-389-37656 | 14H | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Kinetik Holdings LP | Oil | Gathers | 90 | Mar 31, 2026 | – |
| Enterprise Crude Oil LLC | Oil | Gathers | 10 | Mar 31, 2026 | – |
| Enterprise Products Operating LLC | Casinghead gas | Buys | 50 | Mar 31, 2026 | – |
| Kinetik Holdings LP | Casinghead gas | Buys | 50 | Mar 31, 2026 | – |
| Kinetik Holdings LP | Casinghead gas | Gathers | 100 | Mar 31, 2026 | – |
| Oxy USA Wtp LP | Casinghead gas | Gathers | 100 | Jun 5, 2022 | Mar 31, 2026 |
| Occidental Energy Marketing,inc. | Casinghead gas | Buys | 100 | Jun 5, 2022 | Mar 31, 2026 |
| Indeca Crude Xpress, LLC | Oil | Gathers | 100 | Jun 5, 2022 | Mar 31, 2026 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
640.72 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.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-389-37656 | 14H | Oct 9, 2018 | Mar 5, 2019 | 640.72 |
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 | 991 | 993 | 4,694 | 4,694 | 0 | $80.46 | $2.89 |
| Jun 2026Permian Resources | 955 | 957 | 3,950 | 3,950 | 0 | $84.81 | $3.15 |
| May 2026Permian Resources | 1,222 | 1,210 | 4,329 | 4,327 | 2 | $102.13 | $2.94 |
| Apr 2026Permian Resources | 998 | 1,027 | 4,203 | 3,447 | 756 | $100.32 | $2.77 |
| Mar 2026Permian Resources | 1,315 | 1,292 | 4,889 | 4,867 | 22 | $91.38 | $3.04 |
| Feb 2026Permian Resources | 1,371 | 1,384 | 4,730 | 4,653 | 77 | $64.51 | $3.62 |
| Jan 2026Permian Resources | 1,556 | 1,543 | 6,203 | 6,045 | 158 | $60.04 | $7.72 |
| Dec 2025Permian Resources | 1,544 | 1,552 | 4,091 | 4,091 | 0 | $57.97 | $4.26 |
| Nov 2025Permian Resources | 1,843 | 1,838 | 4,443 | 4,408 | 35 | $60.06 | $3.79 |
| Oct 2025Permian Resources | 1,835 | 1,890 | 5,366 | 5,128 | 238 | $60.89 | $3.19 |
| Sep 2025Permian Resources | 1,479 | 1,450 | 5,783 | 5,586 | 197 | $63.96 | $2.97 |
| Aug 2025Permian Resources | 1,783 | 1,760 | 6,502 | 6,490 | 12 | $64.86 | $2.91 |
| Jul 2025Permian Resources | 1,611 | 1,621 | 5,572 | 5,572 | 0 | $68.39 | $3.20 |
| Jun 2025Permian Resources | 2,119 | 2,122 | 5,405 | 5,004 | 401 | $68.17 | $3.02 |
| May 2025Permian Resources | 1,961 | 1,957 | 7,452 | 7,253 | 199 | $62.17 | $3.12 |
| Apr 2025Permian Resources | 1,645 | 1,637 | 3,336 | 3,129 | 207 | $63.54 | $3.42 |
| Mar 2025Permian Resources | 1,738 | 1,742 | 4,590 | 4,340 | 250 | $68.24 | $4.12 |
| Feb 2025Permian Resources | 1,858 | 1,863 | 4,942 | 0 | 4,942 | $71.53 | $4.19 |
| Jan 2025Permian Resources | 1,709 | 1,703 | 5,994 | 1,295 | 4,699 | $75.74 | $4.13 |
| Dec 2024Permian Resources | 2,191 | 2,211 | 6,374 | 6,242 | 132 | $70.12 | $3.01 |
| Nov 2024Permian Resources | 1,204 | 1,174 | 2,373 | 2,373 | 0 | $69.95 | $2.12 |
| Oct 2024OXY USA | 2,078 | 2,082 | 5,327 | 5,320 | 7 | $71.99 | $2.20 |
| Sep 2024OXY USA | 2,160 | 2,158 | 5,422 | 5,350 | 72 | $70.24 | $2.28 |
| Aug 2024OXY USA | 2,463 | 2,461 | 5,654 | 5,654 | 0 | $76.68 | $1.99 |
| Jul 2024OXY USA | 2,490 | 2,488 | 5,003 | 4,995 | 8 | $81.80 | $2.07 |
| Jun 2024OXY USA | 2,570 | 2,551 | 3,978 | 3,978 | 0 | $79.77 | $2.54 |
| May 2024OXY USA | 616 | 610 | 862 | 862 | 0 | $80.02 | $2.12 |
| Apr 2024OXY USA | 0 | 3 | 0 | 0 | 0 | $85.35 | $1.60 |
| Mar 2024OXY USA | 330 | 333 | 460 | 445 | 15 | $81.28 | $1.49 |
| Feb 2024OXY USA | 498 | 502 | 646 | 644 | 2 | $77.25 | $1.72 |
| Jan 2024OXY USA | 970 | 970 | 788 | 788 | 0 | $74.15 | $3.18 |
| Dec 2023OXY USA | 1,099 | 1,095 | 2,507 | 2,507 | 0 | $71.90 | $2.52 |
| Nov 2023OXY USA | 1,146 | 1,164 | 1,439 | 1,438 | 1 | $77.69 | $2.71 |
| Oct 2023OXY USA | 1,618 | 1,611 | 1,745 | 1,745 | 0 | $85.64 | $2.98 |
| Sep 2023OXY USA | 1,567 | 1,586 | 1,986 | 1,984 | 2 | $89.43 | $2.64 |
| Aug 2023OXY USA | 1,496 | 1,493 | 2,967 | 2,967 | 0 | $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.
How to check your stub against this lease Checks stopped on this lease? See the likely reasonsDo your checks match this lease?
Nearby
This lease belongs to
Permian Resources Operating, LLC in Reeves County
- ICEMAN 4-24 23
191,813 mcf
- COLLINS
18,807 bbl
- PARKER F
13,720 bbl
- BECKER 6-29 UNIT A
135,892 mcf
- APOLLO 2-11-2N
17,011 bbl
- LYDA 33-40-4S STATE
15,905 bbl
- JERSEY LILLY 17 UNIT A
16,628 bbl
- YOUNG 269
18,178 bbl
- BALMORHEA STATE L
18,628 bbl
- NICHOLAS
16,658 bbl
Wolfbone (Trend Area) field
- MDJ CALDWELL TESLA UNIT
139,929 mcf
- CALAMITY JANE A-2
140,027 mcf
- NYALA UNIT 9A
18,982 bbl
- APOLLO 2-11-2N
17,011 bbl
- GIRAFFE UNIT 18B
18,084 bbl
- ROOSTERFISH UNIT 22SW
18,576 bbl
- LYDA 33-40-4S STATE
15,905 bbl
- PATRON-STATE
14,373 bbl
- YOUNG 269
18,178 bbl
- MARSHALL DILLON STATE 2-25 A
17,274 bbl
Leases within 10 km
- STATE PECK 258-257-2N
20,872 bbl · 0 km
- STATE PECK 258-257-3N
18,376 bbl · 0 km
- REGAN 257
567 bbl · 0.2 km
- CWEI-CHK 256-13
0 bbl · 0.3 km
- PERRY STATE 264
2,251 bbl · 0.8 km
- STATE PECK 258-257-1N
15,495 bbl · 0.9 km
- HAGGIS STATE 13-0-264-40 A
81,384 bbl · 1 km
- HAGGIS STATE 13-0-264-40 B
72,812 bbl · 1.1 km
- HAGGIS STATE 13-0-264-40 C
74,483 bbl · 1.1 km
- KREPS 257
0 bbl · 1.3 km
Drilling permits within 10 km
LOCH NESS STATE C #3H
new drill · horizontal · Permian Resources Operating, LLC · Reeves County · 4.6 km
Permit 0917506 · Aug 5, 2026
LOCH NESS STATE D #4H
new drill · horizontal · Permian Resources Operating, LLC · Reeves County · 5.1 km
Permit 0917509 · Aug 5, 2026
LOCH NESS STATE A #1H
new drill · horizontal · Permian Resources Operating, LLC · Reeves County · 4.6 km
Permit 0917503 · Aug 5, 2026
LOCH NESS STATE E #5H
new drill · horizontal · Permian Resources Operating, LLC · Reeves County · 5.1 km
Permit 0917513 · Aug 5, 2026
LOCH NESS STATE B #2H
new drill · horizontal · Permian Resources Operating, LLC · Reeves County · 4.6 km
Permit 0917505 · Aug 5, 2026