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Texas oil lease

Producing

LEO 8B

Leo 8B is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

32,253bbl oil, last 12 months−41% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-58950

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
248,417 mcf
Oil in Jul 2026
2,824 bbl

Production by month

Oil output fell 41% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 41% over the last 12 monthsMonthly oil production and gas for LEO 8B, Aug 2023 to Jul 2026. Oil output fell 41% over the last 12 months. 32,253 bbl in the 12 months through Jul 2026, against 54,765 bbl in the 12 months before.Last 12 months: 32,253 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 41% over the last 12 monthsMonthly oil production and gas for LEO 8B, Aug 2023 to Jul 2026. Oil output fell 41% over the last 12 months. 32,253 bbl in the 12 months through Jul 2026, against 54,765 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of LEO 8B gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of LEO 8B gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 265,789 mcf

  • Lease fuel (1)

    3.1% · 8,458 mcf

  • Flared (4)

    0.0% · 98 mcf

1 well on this lease

Wells on LEO 8B
API numberWell no.Status
42-329-458632HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Jun 5, 2023
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jun 5, 2023
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jun 5, 2023

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

Who buys my oilOil price check

316.39 acres on the newest permit

An allocation well is on this lease

Permits for Leo 8B
API numberWell no.Acreson the permit
42-329-458632H316.39

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for LEO 8B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,8242,83724,99724,1190$80.46$2.89
Jun 20262,6952,70227,80826,8470$84.81$3.15
May 20262,2492,25723,45022,6060$102.13$2.94
Apr 20263,1983,19226,55825,5480$100.32$2.77
Mar 20263,3983,42225,72024,8220$91.38$3.04
Feb 20262,9032,93218,93918,24958$64.51$3.62
Jan 20262,9062,78219,71419,14218$60.04$7.72
Dec 2025022000$57.97$4.26
Nov 20256156774,2334,0927$60.06$3.79
Oct 20254,4744,46528,57627,8150$60.89$3.19
Sep 20253,5913,63324,00623,4130$63.96$2.97
Aug 20253,4003,36824,41623,80315$64.86$2.91
Jul 20254,1884,22325,92825,3330$68.39$3.20
Jun 20253,9053,88423,87723,3120$68.17$3.02
May 20254,1464,14021,22420,6720$62.17$3.12
Apr 20254,3184,31929,03328,4190$63.54$3.42
Mar 20254,0244,02124,65624,1420$68.24$4.12
Feb 20253,1913,19022,54022,01230$71.53$4.19
Jan 20254,7334,72533,39432,6740$75.74$4.13
Dec 20245,0755,08733,63132,9130$70.12$3.01
Nov 20245,3835,39031,97131,3051$69.95$2.12
Oct 20245,6305,66731,52530,8550$71.99$2.20
Sep 20245,0284,99233,88933,1450$70.24$2.28
Aug 20245,1445,10933,61332,9010$76.68$1.99
Jul 20245,4525,46139,31938,5840$81.80$2.07
Jun 20245,6675,67242,02341,2810$79.77$2.54
May 20246,1206,13739,19338,45868$80.02$2.12
Apr 20246,2356,22435,73935,0870$85.35$1.60
Mar 20246,7636,79639,02838,3591$81.28$1.49
Feb 20247,6697,64237,45736,7790$77.25$1.72
Jan 20247,7637,77935,91335,3472$74.15$3.18
Dec 202310,35410,36643,64142,86519$71.90$2.52
Nov 202310,72610,75142,86442,14417$77.69$2.71
Oct 202312,88612,85950,91350,0835$85.64$2.98
Sep 202311,65211,65730,66430,10690$89.43$2.64
Aug 202314,05514,11953,22452,4063$81.39$2.58

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

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyMidland County

Pioneer Natural Res. USA, Inc. in Midland County

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