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Texas oil lease

Producing

LIGON STATE UNIT 7-22

Ligon State Unit 7-22 is an oil lease in Reeves County, Texas, operated by Continental Resources, Inc. in the Phantom (Wolfcamp) field.

4 wells

29,639bbl oil, last 12 months−13% vs prior year
Operator
Continental Resources, Inc.
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-47267

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
107,448 mcf
Oil in Jul 2026
2,145 bbl

Production by month

Oil output fell 13% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for LIGON STATE UNIT 7-22, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 29,639 bbl in the 12 months through Jul 2026, against 34,026 bbl in the 12 months before.Last 12 months: 29,639 bblbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for LIGON STATE UNIT 7-22, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 29,639 bbl in the 12 months through Jul 2026, against 34,026 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2026 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 23.9% of the gas in Jan 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2026 the lease's gas goes to a processing plant instead of lease fuelShare of LIGON STATE UNIT 7-22 gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2026 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 23.9% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2026: fuel to plantFlared 23.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2026 the lease's gas goes to a processing plant instead of lease fuelShare of LIGON STATE UNIT 7-22 gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2026 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 23.9% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Mar 26: fuel to plantFlared 23.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    53% · 57,352 mcf

  • Lease fuel (1)

    46% · 49,091 mcf

  • Flared (4)

    0.9% · 1,005 mcf

0.9% of the gas flared in the last 12 months. 9 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Dec 2021

Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Nov 2021; Continental Resources, Inc., Dec 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Changed Dec 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to Nov 2021Continental Resources, Inc.Dec 2021 to now
Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Nov 2021; Continental Resources, Inc., Dec 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Changed Dec 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to Nov 2021Continental Resources, Inc.Dec 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on LIGON STATE UNIT 7-22
API numberWell no.Status
42-389-335213Shut-in
42-389-348721HActive
42-389-355324301HActive
42-389-357024313HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Oct 1, 2025–
Energy Transfer CompanyCasinghead gasBuys100May 1, 2016–
Energy Transfer CompanyCasinghead gasGathers100May 1, 2016–
Plains Marketing, L.p.OilGathers100Apr 1, 2023Oct 1, 2025
Medallion Operating Company, LLCOilGathers50Jan 1, 2022Apr 1, 2023
Shell Trading (Us) CompanyOilGathers25Jan 1, 2022Apr 1, 2023
Transoil Marketing, LLCOilGathers25Jan 1, 2022Apr 1, 2023
Lion Oil Trading & Trans, LLCOilGathers20Feb 1, 2019Jan 1, 2022
Medallion Operating Company, LLCOilGathers40Feb 1, 2019Jan 1, 2022

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

Who buys my oilOil price check

1,150.99 acres on the newest permit

Check your decimal on this lease
Permits for Ligon State Unit 7-22
API numberWell no.Acreson the permit
42-389-357024313H1,150.99
42-389-355324301H1,150.99
42-389-3352131,150.99
42-389-348721H1,150.99

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

Unit decimal checker

What Continental Resources, Inc. told investors it received

Continental Resources, Inc. is linked to Continental Resources, Inc. (CLR).
Realized prices reported by Continental Resources, Inc.
QuarterOil$ per bblFiling
Q2 2026$96.81SEC filing
Q1 2026$71.54SEC filing
Q3 2025$65.11SEC filing
Q2 2025$62.52SEC filing
Q1 2025$70.26SEC filing
Q3 2024$74.80SEC filing

SourceContinental Resources, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for LIGON STATE UNIT 7-22
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Continental Resources,2,1452,3947,7284,500282$80.46$2.89
Jun 2026Continental Resources,2,1672,7597,9344,0030$84.81$3.15
May 2026Continental Resources,2,4802,2299,9045,068225$102.13$2.94
Apr 2026Continental Resources,1,8741,4479,2074,7430$100.32$2.77
Mar 2026Continental Resources,2,8542,62710,5095,9190$91.38$3.04
Feb 2026Continental Resources,1,7001,8496,1962,3760$64.51$3.62
Jan 2026Continental Resources,1,6331,9294,6751,81224$60.04$7.72
Dec 2025Continental Resources,2,1732,0577,8273,279474$57.97$4.26
Nov 2025Continental Resources,2,6482,5799,6525,2380$60.06$3.79
Oct 2025Continental Resources,3,0012,52611,5207,0490$60.89$3.19
Sep 2025Continental Resources,3,2953,39911,3256,8610$63.96$2.97
Aug 2025Continental Resources,3,6693,84910,9716,5040$64.86$2.91
Jul 2025Continental Resources,3,2013,1948,7583,739632$68.39$3.20
Jun 2025Continental Resources,2,8442,5188,4963,870194$68.17$3.02
May 2025Continental Resources,2,5152,3137,9533,626517$62.17$3.12
Apr 2025Continental Resources,1,1901,3643,4921,94734$63.54$3.42
Mar 2025Continental Resources,3,1393,48510,1645,53980$68.24$4.12
Feb 2025Continental Resources,1,3461,1888,3224,3760$71.53$4.19
Jan 2025Continental Resources,3,1892,95811,6267,0330$75.74$4.13
Dec 2024Continental Resources,2,5622,77911,9557,3640$70.12$3.01
Nov 2024Continental Resources,3,4383,37311,7298,9060$69.95$2.12
Oct 2024Continental Resources,3,6383,76710,3837,546190$71.99$2.20
Sep 2024Continental Resources,3,0083,0165,8483,330190$70.24$2.28
Aug 2024Continental Resources,3,9563,86211,2458,3590$76.68$1.99
Jul 2024Continental Resources,3,3883,2516,6293,113725$81.80$2.07
Jun 2024Continental Resources,4,3724,1738,6726,1450$79.77$2.54
May 2024Continental Resources,4,0333,9857,6024,7680$80.02$2.12
Apr 2024Continental Resources,2,6693,0855,5803,2400$85.35$1.60
Mar 2024Continental Resources,2,3822,0473,6701,4980$81.28$1.49
Feb 2024Continental Resources,1,6251,9415,0442,4270$77.25$1.72
Jan 2024Continental Resources,1,8221,6114,7141,4581,128$74.15$3.18
Dec 2023Continental Resources,3,1283,1097,9565,028116$71.90$2.52
Nov 2023Continental Resources,3,5303,5888,9066,0830$77.69$2.71
Oct 2023Continental Resources,3,4643,50710,3077,5880$85.64$2.98
Sep 2023Continental Resources,3,9983,6648,9874,6261,544$89.43$2.64
Aug 2023Continental Resources,4,0014,52310,9367,587456$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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Nearby

This lease belongs to

OperatorContinental Resources, Inc.FieldPhantom (Wolfcamp)CountyReeves County

Continental Resources, Inc. in Reeves County

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Phantom (Wolfcamp) field

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