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Texas oil lease

Producing

LION STATE

Lion State is an oil lease in Reeves County, Texas, operated by U.S. Energy Development Corp in the Wolfbone (Trend Area) field.

2 wells

17,336bbl oil, last 12 months−17% vs prior year
Operator
U.S. Energy Development Corp
County
Reeves County
Field
Wolfbone (Trend Area)
RRC lease
08-43578

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
32,727 mcf
Oil in Jul 2026
1,688 bbl

Production by month

Oil output fell 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for LION STATE, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 17,336 bbl in the 12 months through Jul 2026, against 20,884 bbl in the 12 months before.Last 12 months: 17,336 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,0002,50010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for LION STATE, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 17,336 bbl in the 12 months through Jul 2026, against 20,884 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,0002,50010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2025 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 85.7% of the gas in Jul 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Apr 2025 the lease's gas goes to a transmission line instead of a processing plantShare of LION STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2025 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 85.7% of the gas in Jul 2026.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2025: plant to lineFlared 85.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2025 the lease's gas goes to a transmission line instead of a processing plantShare of LION STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2025 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 85.7% of the gas in Jul 2026.Share of gas by disposition code0%50%100%Apr 25: plant to lineFlared 85.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    62% · 20,175 mcf

  • Flared (4)

    38% · 12,552 mcf

38.4% of the gas flared in the last 12 months. 18 months above 3%.

Who has run this lease

The operator changed once, most recently in Apr 2025

Operators of this lease over timeCog Operating LLC, Jan 2020 to Mar 2025; U.S. Energy Development Corp, Apr 2025 to Jul 20262020202120222023202420252026Changed Apr 2025Cog Operating LLCJan 2020 to Mar 2025U.S. Energy Development CorpApr 2025 to now
Operators of this lease over timeCog Operating LLC, Jan 2020 to Mar 2025; U.S. Energy Development Corp, Apr 2025 to Jul 20262020202120222023202420252026Changed Apr 2025Cog Operating LLCJan 2020 to Mar 2025U.S. Energy Development CorpApr 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on LION STATE
API numberWell no.Status
42-389-330072208HActive
42-389-340702204HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Apr 1, 2025–
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2015–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2015–
Bp Products North America Inc.OilGathers100Apr 1, 2015Apr 1, 2025

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

Who buys my oilOil price check

644.30 acres on the newest permit

Permits for Lion State
API numberWell no.Acreson the permit
42-389-340702204H644.30
42-389-330072208H644

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

Unit decimal checker

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36 months, newest first

Ledger for LION STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026U.S. Energy1,6881,6355,6168044,812$80.46$2.89
Jun 2026U.S. Energy1,2211,3242,8318601,971$84.81$3.15
May 2026U.S. Energy1,3381,4132,8232,422401$102.13$2.94
Apr 2026U.S. Energy1,2981,0872,2931,686607$100.32$2.77
Mar 2026U.S. Energy1,0311,1492,5762,013563$91.38$3.04
Feb 2026U.S. Energy1,6241,4972,0551,852203$64.51$3.62
Jan 2026U.S. Energy1,3601,4622,0921,435657$60.04$7.72
Dec 2025U.S. Energy1,4721,4972,5891,902687$57.97$4.26
Nov 2025U.S. Energy1,5461,4692,5881,5501,038$60.06$3.79
Oct 2025U.S. Energy1,7641,4533,4002,798602$60.89$3.19
Sep 2025U.S. Energy1,9102,1872,5341,658876$63.96$2.97
Aug 2025U.S. Energy1,0847261,3301,195135$64.86$2.91
Jul 2025U.S. Energy1,5111,5562,0551,848207$68.39$3.20
Jun 2025U.S. Energy1,2561,3862,1231,877246$68.17$3.02
May 2025U.S. Energy1,1301,0021,214715499$62.17$3.12
Apr 2025U.S. Energy1,4641,7061,6011,009592$63.54$3.42
Mar 2025Cog Operating1,6601,7761,4461,4460$68.24$4.12
Feb 2025Cog Operating1,6261,4712,3792,3790$71.53$4.19
Jan 2025Cog Operating1,8741,8682,2452,2450$75.74$4.13
Dec 2024Cog Operating1,9111,8252,7382,7380$70.12$3.01
Nov 2024Cog Operating1,9311,8592,5432,5430$69.95$2.12
Oct 2024Cog Operating2,1482,3761,6371,6370$71.99$2.20
Sep 2024Cog Operating2,0762,0342,6232,6230$70.24$2.28
Aug 2024Cog Operating2,2972,7302,8312,8310$76.68$1.99
Jul 2024Cog Operating2,2262,1871,9801,9800$81.80$2.07
Jun 2024Cog Operating6113643013010$79.77$2.54
May 2024Cog Operating910000$80.02$2.12
Apr 2024Cog Operating00000$85.35$1.60
Mar 2024Cog Operating21701421420$81.28$1.49
Feb 2024Cog Operating1,0621,4871,3491,3490$77.25$1.72
Jan 2024Cog Operating2,1461,6912,7712,7710$74.15$3.18
Dec 2023Cog Operating2,2372,6193,0313,0310$71.90$2.52
Nov 2023Cog Operating2,3462,8023,0693,0690$77.69$2.71
Oct 2023Cog Operating2,4311,8062,7822,68696$85.64$2.98
Sep 2023Cog Operating2,2561,8512,3112,144167$89.43$2.64
Aug 2023Cog Operating3853662182180$81.39$2.58

Flared above 3%

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

OperatorU.S. Energy Development CorpFieldWolfbone (Trend Area)CountyReeves County

U.S. Energy Development Corp in Reeves County

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Wolfbone (Trend Area) field

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