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Texas oil lease

Producing

OLIVER 39-34

Oliver 39-34 is an oil lease in Reagan County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) R 40 Exc field.

1 well

3,528bbl oil, last 12 months−24% vs prior year
RRC lease
7C-19221

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
306,435 mcf
Oil in Jul 2026
402 bbl

Production by month

Oil output fell 24% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for OLIVER 39-34, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 3,528 bbl in the 12 months through Jul 2026, against 4,636 bbl in the 12 months before.Last 12 months: 3,528 bblbbl per monthmcf per month0050010k1,00020k1,50030k2,00040k2,50050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for OLIVER 39-34, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 3,528 bbl in the 12 months through Jul 2026, against 4,636 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050010k1,00020k1,50030k2,00040k2,50050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

Flaring peaked at 5.4% of the gas in Jul 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of OLIVER 39-34 gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 5.4% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 5.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of OLIVER 39-34 gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 5.4% of the gas in Jul 2024.Share of gas by disposition code0%50%100%Flared 5.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 297,255 mcf

  • Lease fuel (1)

    3.0% · 9,123 mcf

  • Flared (4)

    0.0% · 57 mcf

Who has run this lease

The operator changed once, most recently in Feb 2021

Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to now
Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on OLIVER 39-34
API numberWell no.Status
42-383-394964405HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers50Jan 1, 2017
Shell Trading (Us) CompanyOilGathers50Jan 1, 2017
Targa Pipeline Mid-Continent LLCCasinghead gasBuys100Jan 14, 2016
Targa Pipeline Mid-Continent LLCCasinghead gasGathers100Jan 14, 2016

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

646.60 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 Oliver 39-34
API numberWell no.Acreson the permit
42-383-394964405H646.60

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

Estimate your royalty

36 months, newest first

Ledger for OLIVER 39-34
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Pioneer Natural40243129,29028,4530$80.46$2.89
Jun 2026Pioneer Natural44538629,43728,5950$84.81$3.15
May 2026Pioneer Natural30727319,34018,5870$102.13$2.94
Apr 2026Pioneer Natural1821937,6807,3842$100.32$2.77
Mar 2026Pioneer Natural31132022,84522,1100$91.38$3.04
Feb 2026Pioneer Natural25924819,78719,2463$64.51$3.62
Jan 2026Pioneer Natural22727029,42528,61852$60.04$7.72
Dec 2025Pioneer Natural31727229,71128,8820$57.97$4.26
Nov 2025Pioneer Natural34733931,26930,3600$60.06$3.79
Oct 2025Pioneer Natural25622829,38028,5540$60.89$3.19
Sep 2025Pioneer Natural24424528,68127,7980$63.96$2.97
Aug 2025Pioneer Natural23123429,59028,6680$64.86$2.91
Jul 2025Pioneer Natural24825927,13526,2660$68.39$3.20
Jun 2025Pioneer Natural26826723,64422,8110$68.17$3.02
May 2025Pioneer Natural21322111,36710,8850$62.17$3.12
Apr 2025Pioneer Natural33233120,10619,7200$63.54$3.42
Mar 2025Pioneer Natural38339721,39320,9900$68.24$4.12
Feb 2025Pioneer Natural30931514,47314,1900$71.53$4.19
Jan 2025Pioneer Natural37935918,46518,1040$75.74$4.13
Dec 2024Pioneer Natural42942118,85118,4680$70.12$3.01
Nov 2024Pioneer Natural3783909,0478,87713$69.95$2.12
Oct 2024Pioneer Natural45947517,36317,0730$71.99$2.20
Sep 2024Pioneer Natural50753317,27716,9850$70.24$2.28
Aug 2024Pioneer Natural73174018,05017,7450$76.68$1.99
Jul 2024Pioneer Natural1,4191,3745,8685,435317$81.80$2.07
Jun 2024Pioneer Natural5174981151112$79.77$2.54
May 2024Pioneer Natural21420628,81628,32774$80.02$2.12
Apr 2024Pioneer Natural28930834,71234,3350$85.35$1.60
Mar 2024Pioneer Natural31231036,06035,6622$81.28$1.49
Feb 2024Pioneer Natural28327235,86135,4670$77.25$1.72
Jan 2024Pioneer Natural29529736,88036,5280$74.15$3.18
Dec 2023Pioneer Natural30530838,00037,5940$71.90$2.52
Nov 2023Pioneer Natural27526836,02035,6378$77.69$2.71
Oct 2023Pioneer Natural29028039,26638,8610$85.64$2.98
Sep 2023Pioneer Natural25625937,24236,8660$89.43$2.64
Aug 2023Pioneer Natural27731640,08539,6720$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

Pioneer Natural Res. USA, Inc. in Reagan County

All Pioneer Natural Res. USA, Inc. leases →

Spraberry (Trend Area) R 40 Exc field

All leases in this field →

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