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Texas oil lease

Producing

MAJESTIC STATE 12

Majestic State 12 is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Wolfbone (Trend Area) field.

2 wells

1,494bbl oil, last 12 months−18% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Wolfbone (Trend Area)
RRC lease
08-42439

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
32,839 mcf
Oil in Jul 2026
100 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 18% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for MAJESTIC STATE 12, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 1,494 bbl in the 12 months through Jul 2026, against 1,814 bbl in the 12 months before.Last 12 months: 1,494 bblbbl per monthmcf per month001002,0002004,0003006,0004008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for MAJESTIC STATE 12, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 1,494 bbl in the 12 months through Jul 2026, against 1,814 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002,0002004,0003006,0004008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 100.0% of the gas in Sep 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Jan 2026 the lease's gas goes to a transmission line instead of a processing plantShare of MAJESTIC STATE 12 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 100.0% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jan 2026: plant to lineFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jan 2026 the lease's gas goes to a transmission line instead of a processing plantShare of MAJESTIC STATE 12 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 100.0% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Jan 26: plant to lineFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    98% · 32,994 mcf

  • Processing plant (3)

    1.7% · 578 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.

2 wells on this lease

Wells on MAJESTIC STATE 12
API numberWell no.Status
42-389-327241Active
42-389-329292Active

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, LLCOilGathers50Aug 1, 2014Mar 31, 2026
Shell Trading (Us) CompanyOilGathers50Dec 23, 2013Mar 31, 2026

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

Who buys my oilOil price check

336.50 acres on the newest permit

Check your decimal on this lease
Permits for Majestic State 12
API numberWell no.Acreson the permit
42-389-329292336.50
42-389-327241336.50

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

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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 MAJESTIC STATE 12
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources10085,7745,7740$80.46$2.89
Jun 2026Permian Resources1541795,6215,6210$84.81$3.15
May 2026Permian Resources155146,2616,2610$102.13$2.94
Apr 2026Permian Resources1371914,6104,6100$100.32$2.77
Mar 2026Permian Resources134125,4455,4450$91.38$3.04
Feb 2026Permian Resources592054,4674,4670$64.51$3.62
Jan 2026Permian Resources10086616610$60.04$7.72
Dec 2025Permian Resources141185000$57.97$4.26
Nov 2025Permian Resources124187000$60.06$3.79
Oct 2025Permian Resources11012000$60.89$3.19
Sep 2025Permian Resources138166000$63.96$2.97
Aug 2025Permian Resources142178000$64.86$2.91
Jul 2025Permian Resources14617979790$68.39$3.20
Jun 2025Permian Resources173183000$68.17$3.02
May 2025Permian Resources1641000$62.17$3.12
Apr 2025Permian Resources5175110$63.54$3.42
Mar 2025Permian Resources670000$68.24$4.12
Feb 2025Permian Resources00000$71.53$4.19
Jan 2025Permian Resources20018198980$75.74$4.13
Dec 2024Permian Resources3966191651650$70.12$3.01
Nov 2024Permian Resources248416000$69.95$2.12
Oct 2024OXY USA2181743903900$71.99$2.20
Sep 2024OXY USA360000$70.24$2.28
Aug 2024OXY USA1611752042040$76.68$1.99
Jul 2024OXY USA223172000$81.80$2.07
Jun 2024OXY USA165174000$79.77$2.54
May 2024OXY USA154173000$80.02$2.12
Apr 2024OXY USA1890000$85.35$1.60
Mar 2024OXY USA67175000$81.28$1.49
Feb 2024OXY USA48174000$77.25$1.72
Jan 2024OXY USA2090000$74.15$3.18
Dec 2023OXY USA145170000$71.90$2.52
Nov 2023OXY USA1480000$77.69$2.71
Oct 2023OXY USA178172000$85.64$2.98
Sep 2023OXY USA23337058058$89.43$2.64
Aug 2023OXY USA215185000$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

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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