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Texas oil lease

Producing

MID-STATES UNIT 40

Mid-States Unit 40 is an oil lease in Midland County, Texas, operated by Permian Resources Operating, LLC in the Spraberry (Trend Area) field.

2 wells

2,240bbl oil, last 12 months−65% vs prior year
Operator
Permian Resources Operating, LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-46678

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
309,468 mcf
Oil in Jul 2026
25 bbl

Checks stopped on this lease?

  • Sales

    Sales over the last 3 months fell to 14% of the 9 months before.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 65% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 65% over the last 12 monthsMonthly oil production and gas for MID-STATES UNIT 40, Aug 2023 to Jul 2026. Oil output fell 65% over the last 12 months. 2,240 bbl in the 12 months through Jul 2026, against 6,377 bbl in the 12 months before.Last 12 months: 2,240 bblbbl per monthmcf per month0020010k40020k60030k80040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 65% over the last 12 monthsMonthly oil production and gas for MID-STATES UNIT 40, Aug 2023 to Jul 2026. Oil output fell 65% over the last 12 months. 2,240 bbl in the 12 months through Jul 2026, against 6,377 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020010k40020k60030k80040kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of MID-STATES UNIT 40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 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%Apr 2024: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of MID-STATES UNIT 40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plant.Share of gas by disposition code0%50%100%Apr 24: plant to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 305,499 mcf

  • Lease fuel (1)

    1.3% · 3,969 mcf

Who has run this lease

The operator changed once, most recently in Nov 2023

Operators of this lease over timeEarthstone Operating, LLC, Jan 2020 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Nov 2023Earthstone Operating, LLCJan 2020 to Oct 2023Permian Resources Operating,…Nov 2023 to now
Operators of this lease over timeEarthstone Operating, LLC, Jan 2020 to Oct 2023; Permian Resources Operating, LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Nov 2023Earthstone Operating, LLCJan 2020 to Oct 2023Permian Resources Operating, LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on MID-STATES UNIT 40
API numberWell no.Status
42-329-397151HMActive
42-329-410803HMActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers50Sep 25, 2019–
Plains Pipeline L.p.OilGathers50Sep 25, 2019–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Mar 1, 2016–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Mar 1, 2016–
Enterprise Crude Oil LLCOilGathers100Oct 1, 2018Sep 25, 2019

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

Who buys my oilOil price check

490 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 490 and 490.08 acres. Use the acres from your own division order for the well you are paid on.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Mid-States Unit 40
API numberWell no.Acreson the permit
42-329-410803HM490
42-329-397151HM490.08

SourceRailroad Commission drilling permits, Sep 26, 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 MID-STATES UNIT 40
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources25642,8041,8390$80.46$2.89
Jun 2026Permian Resources1436834020$84.81$3.15
May 2026Permian Resources563716,03215,0090$102.13$2.94
Apr 2026Permian Resources7913323,21822,2280$100.32$2.77
Mar 2026Permian Resources8219018,87718,1670$91.38$3.04
Feb 2026Permian Resources23221333,04033,0400$64.51$3.62
Jan 2026Permian Resources26916036,97336,9730$60.04$7.72
Dec 2025Permian Resources28538036,54536,5450$57.97$4.26
Nov 2025Permian Resources27124435,89135,8910$60.06$3.79
Oct 2025Permian Resources31121735,50235,5020$60.89$3.19
Sep 2025Permian Resources28934034,21134,2110$63.96$2.97
Aug 2025Permian Resources32730335,69235,6920$64.86$2.91
Jul 2025Permian Resources34640235,16235,1620$68.39$3.20
Jun 2025Permian Resources36932335,81335,8130$68.17$3.02
May 2025Permian Resources45548037,38437,3840$62.17$3.12
Apr 2025Permian Resources55848836,96536,9650$63.54$3.42
Mar 2025Permian Resources39447128,57228,5720$68.24$4.12
Feb 2025Permian Resources46642730,38330,3830$71.53$4.19
Jan 2025Permian Resources54856632,86432,6660$75.74$4.13
Dec 2024Permian Resources64869730,81729,8270$70.12$3.01
Nov 2024Permian Resources55262925,95225,1540$69.95$2.12
Oct 2024Permian Resources66359229,37128,3480$71.99$2.20
Sep 2024Permian Resources67163724,49023,5000$70.24$2.28
Aug 2024Permian Resources70773522,45121,4940$76.68$1.99
Jul 2024Permian Resources69675414,18414,1840$81.80$2.07
Jun 2024Permian Resources71974210,27910,2790$79.77$2.54
May 2024Permian Resources5574607,4467,4460$80.02$2.12
Apr 2024Permian Resources3532892,4312,4310$85.35$1.60
Mar 2024Permian Resources145346000$81.28$1.49
Feb 2024Permian Resources5325328768760$77.25$1.72
Jan 2024Permian Resources435271000$74.15$3.18
Dec 2023Permian Resources7830000$71.90$2.52
Nov 2023Permian Resources190000$77.69$2.71
Oct 2023Earthstone Operating,2092378298290$85.64$2.98
Sep 2023Earthstone Operating,496605000$89.43$2.64
Aug 2023Earthstone Operating,442341000$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, LLCFieldSpraberry (Trend Area)CountyMidland County

Permian Resources Operating, LLC in Midland County

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Spraberry (Trend Area) field

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