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Texas oil lease

Producing

LEIGH STATE 40

Leigh State 40 is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Wolfbone (Trend Area) field.

1 well

3,708bbl oil, last 12 months−12% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Wolfbone (Trend Area)
RRC lease
08-47162

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
2,740 mcf
Oil in Jul 2026
0 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 ENERGY TRANSFER COMPANY 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.

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Production by month

Oil output fell 12% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for LEIGH STATE 40, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 3,708 bbl in the 12 months through Jul 2026, against 4,204 bbl in the 12 months before.Last 12 months: 3,708 bblbbl per monthmcf per month002501,0005002,0007503,0001,0004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for LEIGH STATE 40, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 3,708 bbl in the 12 months through Jul 2026, against 4,204 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501,0005002,0007503,0001,0004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Feb 2026 the lease's gas goes to a transmission line instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Feb 2026 the lease's gas goes to a transmission line instead of a processing plantShare of LEIGH STATE 40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to a transmission line instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Feb 2026: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2026 the lease's gas goes to a transmission line instead of a processing plantShare of LEIGH STATE 40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to a transmission line instead of a processing plant.Share of gas by disposition code0%50%100%Feb 26: plant to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    69% · 2,142 mcf

  • Processing plant (3)

    31% · 973 mcf

Who has run this lease

The operator changed once, most recently in Nov 2024

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

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on LEIGH STATE 40
API numberWell no.Status
42-389-3480511HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Mar 31, 2026–
Enterprise Products Operating LLCCasinghead gasBuys50Mar 31, 2026–
Kinetik Holdings LPCasinghead gasBuys50Mar 31, 2026–
Kinetik Holdings LPCasinghead gasGathers100Mar 31, 2026–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015Mar 31, 2026
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015Mar 31, 2026
Bridger Transportation, LLCOilGathers100Jul 8, 2015Mar 31, 2026

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

Who buys my oilOil price check

627.02 acres on the newest permit

Check your decimal on this lease
Permits for Leigh State 40
API numberWell no.Acreson the permit
42-389-3480511H627.02

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 LEIGH STATE 40
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources094000$80.46$2.89
Jun 2026Permian Resources1772071,0431,0430$84.81$3.15
May 2026Permian Resources433491110$102.13$2.94
Apr 2026Permian Resources6376127147140$100.32$2.77
Mar 2026Permian Resources4253872732730$91.38$3.04
Feb 2026Permian Resources2913241111110$64.51$3.62
Jan 2026Permian Resources272280000$60.04$7.72
Dec 2025Permian Resources234247000$57.97$4.26
Nov 2025Permian Resources378341000$60.06$3.79
Oct 2025Permian Resources2693892442440$60.89$3.19
Sep 2025Permian Resources3342742642640$63.96$2.97
Aug 2025Permian Resources25824190900$64.86$2.91
Jul 2025Permian Resources19327241410$68.39$3.20
Jun 2025Permian Resources3273102662660$68.17$3.02
May 2025Permian Resources34826533330$62.17$3.12
Apr 2025Permian Resources28435435350$63.54$3.42
Mar 2025Permian Resources371602000$68.24$4.12
Feb 2025Permian Resources595308000$71.53$4.19
Jan 2025Permian Resources28237742420$75.74$4.13
Dec 2024Permian Resources4005181831830$70.12$3.01
Nov 2024Permian Resources8756633,2763,2760$69.95$2.12
Oct 2024OXY USA2982343273270$71.99$2.20
Sep 2024OXY USA491113913865$70.24$2.28
Aug 2024OXY USA182911,0761,0760$76.68$1.99
Jul 2024OXY USA2056000$81.80$2.07
Jun 2024OXY USA86786916910$79.77$2.54
May 2024OXY USA1561656676670$80.02$2.12
Apr 2024OXY USA7314478780$85.35$1.60
Mar 2024OXY USA1981485995990$81.28$1.49
Feb 2024OXY USA1891922902900$77.25$1.72
Jan 2024OXY USA161142000$74.15$3.18
Dec 2023OXY USA1762335085080$71.90$2.52
Nov 2023OXY USA1941603593590$77.69$2.71
Oct 2023OXY USA3703195835830$85.64$2.98
Sep 2023OXY USA1932493233230$89.43$2.64
Aug 2023OXY USA4254201,2911,2910$81.39$2.58

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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