Texas oil lease
ProducingNICHOLAS WEST I
Nicholas West I is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Phantom (Wolfcamp) field.
1 well
- Operator
- Permian Resources Operating, LLC
- County
- Reeves County
- Field
- Phantom (Wolfcamp)
- RRC lease
- 08-62895
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 600,292 mcf
- Oil in Jul 2026
- 4,474 bbl
Production by month
Oil output fell 61% since Feb 2025
- Oil (bars)
- Gas (line)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Where the gas went
99% of the gas went to a transmission line in the last 12 months
Flaring peaked at 6.0% of the gas in Mar 2025.
- Transmission line (2)
- Lease fuel (1)
- Flared (4)
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Transmission line (2)
99% · 596,316 mcf
Lease fuel (1)
0.6% · 3,698 mcf
Flared (4)
0.0% · 278 mcf
1 well on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-389-41478 | 331H | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From |
|---|---|---|---|---|
| Noble Energy INC | Oil | Gathers | 100 | Jan 15, 2025 |
| Kinetik Holdings LP | Casinghead gas | Buys | 100 | Jan 15, 2025 |
| Kinetik Holdings LP | Casinghead gas | Gathers | 100 | Jan 15, 2025 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
960 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.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-389-41478 | 331H | Nov 6, 2024 | Jan 15, 2025 | 960 |
What Permian Resources Corporation told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $97.81 | −$2.40 | $23.28 | SEC filing |
| Q1 2026 | $70.91 | −$0.29 | $16.60 | SEC filing |
| Q4 2025 | $58.78 | −$0.23 | $15.44 | SEC filing |
| Q3 2025 | $64.77 | $0.52 | $17.50 | SEC filing |
| Q2 2025 | $62.71 | $0.50 | $17.75 | SEC filing |
| Q1 2025 | $70.48 | $1.35 | $23.90 | SEC filing |
SourcePermian Resources Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.
Estimate your royalty
18 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026 | 4,474 | 4,470 | 37,930 | 37,810 | 0 | $80.46 | $2.89 |
| Jun 2026 | 5,600 | 5,591 | 36,884 | 36,769 | 2 | $84.81 | $3.15 |
| May 2026 | 7,174 | 7,203 | 45,068 | 44,932 | 5 | $102.13 | $2.94 |
| Apr 2026 | 7,251 | 7,357 | 45,231 | 45,083 | 12 | $100.32 | $2.77 |
| Mar 2026 | 9,054 | 8,942 | 54,602 | 54,436 | 9 | $91.38 | $3.04 |
| Feb 2026 | 7,631 | 7,581 | 55,862 | 55,724 | 1 | $64.51 | $3.62 |
| Jan 2026 | 9,090 | 9,086 | 75,240 | 74,381 | 229 | $60.04 | $7.72 |
| Dec 2025 | 8,679 | 8,681 | 60,577 | 60,040 | 7 | $57.97 | $4.26 |
| Nov 2025 | 5,575 | 5,594 | 32,460 | 32,181 | 3 | $60.06 | $3.79 |
| Oct 2025 | 10,679 | 10,684 | 49,065 | 48,586 | 3 | $60.89 | $3.19 |
| Sep 2025 | 11,181 | 11,164 | 51,161 | 50,681 | 3 | $63.96 | $2.97 |
| Aug 2025 | 12,453 | 12,449 | 56,212 | 55,693 | 4 | $64.86 | $2.91 |
| Jul 2025 | 12,980 | 13,007 | 66,127 | 65,544 | 18 | $68.39 | $3.20 |
| Jun 2025 | 12,594 | 12,559 | 60,932 | 60,388 | 36 | $68.17 | $3.02 |
| May 2025 | 14,020 | 14,027 | 65,846 | 64,431 | 856 | $62.17 | $3.12 |
| Apr 2025 | 18,735 | 18,745 | 75,846 | 71,025 | 4,242 | $63.54 | $3.42 |
| Mar 2025 | 25,797 | 25,754 | 85,515 | 79,741 | 5,144 | $68.24 | $4.12 |
| Feb 2025 | 17 | 17 | 152 | 150 | 1 | $71.53 | $4.19 |
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
Permian Resources Operating, LLC in Reeves County
- RIO LOBO STATE A
996,858 mcf
- VINTAGE F
555,075 mcf
- BIG BABY A
637,599 mcf
- WORSHAM '6-22'
116,795 bbl
- RIO LOBO STATE D
1,021,236 mcf
- GUTHRIE STATE F
113,028 bbl
- ORBIT 51-7-21-16 A
113,340 bbl
- MOSES MIPA UNIT
94,441 bbl
- ADOBE CHEVELLE D
103,426 bbl
- THISSIE STATE 19-18 A
111,214 bbl
Phantom (Wolfcamp) field
- STATE ELLA MAE 57-T2-14X23 H
543,038 mcf
- BIG PUG STATE 55-4-19-24 D
700,344 mcf
- LEE-MEADE B
1,950,941 mcf
- STATE LOKAI UNIT
107,980 bbl
- SUNDANCE A
378,962 mcf
- BULLDOG STATE 55-4-12-7 D
824,875 mcf
- UL 18 33-32F
118,751 bbl
- LA CUCARACHA STATE UNIT
943,428 mcf
- SKYFALL STATE 8-11 F
776,899 mcf
- GUTHRIE STATE F
113,028 bbl
Leases within 10 km
- NICHOLAS EAST J
110,963 bbl · 0 km
- BAT MASTERSON E
53,247 bbl · 0.1 km
- BAT MASTERSON D
103,362 bbl · 0.2 km
- BAT MASTERSON C
36,631 bbl · 0.2 km
- NICHOLAS
16,658 bbl · 0.2 km
- AFFIRMED A
408 bbl · 0.3 km
- AFFIRMED B
40,651 bbl · 0.3 km
- AFFIRMED C
438,033 mcf · 0.3 km
- AFFIRMED 48
8,335 bbl · 0.6 km
- ALLEN
6,178 bbl · 0.9 km
Drilling permits within 10 km
EASTERN PEARCE C #3H
new drill · horizontal · Perun Energy LLC · Reeves County · 7.4 km
Permit 0916463 · Jun 17, 2026
EASTERN PEARCE B #2H
new drill · horizontal · Perun Energy LLC · Reeves County · 7.4 km
Permit 0916461 · Jun 17, 2026
EASTERN PEARCE A #1H
new drill · horizontal · Perun Energy LLC · Reeves County · 7.4 km
Permit 0916460 · Jun 17, 2026
NICE MARMOT STATE D #233H
new drill · horizontal · Civitas Permian Operating, LLC · Reeves County · 5.8 km
Permit 0907851 · Jul 14, 2025
AGUA VERDE #1
new drill · Direct Midstream LLC · Reeves County · 9.7 km
Permit 0909100 · Jul 9, 2025