Texas oil lease

Producing

NEWMONT-PALOMINO 48B

Name: NEWMONT-PALOMINO 48B monthly oil and gas production, Reagan County, Texas
Creator: Texas Railroad Commission

Newmont-Palomino 48B is an oil lease in Reagan County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

69,965bbl oil, since Apr 2026

Operator: Pioneer Natural Res. USA, Inc.
County: Reagan County
Field: Spraberry (Trend Area)
RRC lease: 7C-23553

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Where it sits

This county

Reagan County

Gas, since Apr 2026: 123,365 mcf
Oil in Jul 2026: 15,874 bbl

First check

Production started April 2026; the first check is due by about August 28, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output over 4 reported months

Oil (bars)
Gas (line)

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a processing plant in the 4 months reported

Processing plant (3)
Lease fuel (1)
Flared (4)

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Processing plant (3)
96% · 118,544 mcf
Lease fuel (1)
3.7% · 4,547 mcf
Flared (4)
0.2% · 274 mcf

0.2% of the gas flared in the 4 months reported. No month above 3%.

1 well on this lease

Wells on NEWMONT-PALOMINO 48B
API number	Well no.	Status
42-383-42185	2H	Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From
Plains Marketing, L.p.	Oil	Gathers	50	Jan 2, 2026
Plains Pipeline L.p.	Oil	Gathers	50	Jan 2, 2026
Targa Pl Mid-Cont Westtex LLC	Casinghead gas	Buys	100	Jan 2, 2026
Targa Pl Mid-Cont Westtex LLC	Casinghead gas	Gathers	100	Jan 2, 2026

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

Who buys my oil Oil price check

647.40 acres on the newest permit

Worth asking
An allocation well is on this lease
A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease

Permits for Newmont-Palomino 48B
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-383-42185	2H	Sep 12, 2025	Jan 2, 2026	647.40	Horizontal, allocation

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

Unit decimal checker

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4 months, newest first

Ledger for NEWMONT-PALOMINO 48B
Month	Oil producedbbl	Oil soldbbl	Gas producedmcf	Gas soldmcf, codes 2+3	Flaredmcf	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026	15,874	15,851	44,992	43,399	0	$80.46	$2.89
Jun 2026	17,613	17,610	33,561	32,245	125	$84.81	$3.15
May 2026	21,015	20,988	25,054	24,100	0	$102.13	$2.94
Apr 2026	15,463	15,387	19,758	18,800	149	$100.32	$2.77

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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