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Texas oil lease

Producing

PECOS BILL STATE 204-203 UNIT B

Pecos Bill State 204-203 Unit B is an oil lease in Reeves County, Texas, operated by Noble Energy Inc in the Phantom (Wolfcamp) field.

2 wells

39,249bbl oil, last 12 months−32% vs prior year
RRC lease
08-54117

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
252,298 mcf
Oil in Jul 2026
4,335 bbl

Production by month

Oil output fell 32% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for PECOS BILL STATE 204-203 UNIT B, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 39,249 bbl in the 12 months through Jul 2026, against 58,044 bbl in the 12 months before.Last 12 months: 39,249 bblbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040k10k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for PECOS BILL STATE 204-203 UNIT B, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 39,249 bbl in the 12 months through Jul 2026, against 58,044 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040k10k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

91% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.2% of the gas in Apr 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
91% of the gas went to a processing plant in the last 12 monthsShare of PECOS BILL STATE 204-203 UNIT B gas by disposition code each month, Aug 2023 to Jul 2026. 91% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.2% of the gas in Apr 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
91% of the gas went to a processing plant in the last 12 monthsShare of PECOS BILL STATE 204-203 UNIT B gas by disposition code each month, Aug 2023 to Jul 2026. 91% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.2% of the gas in Apr 2024.Share of gas by disposition code0%50%100%Flared 3.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    91% · 242,098 mcf

  • Lease fuel (1)

    4.8% · 12,634 mcf

  • Transmission line (2)

    3.1% · 8,257 mcf

  • Flared (4)

    0.9% · 2,353 mcf

0.9% of the gas flared in the last 12 months. One month above 3%.

2 wells on this lease

Wells on PECOS BILL STATE 204-203 UNIT B
API numberWell no.Status
42-389-386088HActive
42-389-3860910HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers20Oct 1, 2024–
Etp Crude LLCOilGathers20Oct 1, 2024–
Noble Energy INCOilGathers20Oct 1, 2024–
Oryx Delaware Oil Transport LLCOilGathers20Oct 1, 2024–
Plains Marketing, L.p.OilGathers20Oct 1, 2024–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers50Mar 8, 2020–
Noble Energy INCCasinghead gasGathers50Jan 1, 2023–
Noble Energy INCOilGathers100Jan 1, 2023Oct 1, 2024
Etc Texas P/L, LTDCasinghead gasBuys100Mar 8, 2020Oct 1, 2023
Noble Midstream Services, LLCCasinghead gasGathers50Mar 8, 2020Jan 1, 2023
Noble Midstream Services, LLCOilGathers100Mar 8, 2020Jan 1, 2023

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

640.98 acres on the newest permit

Permits for Pecos Bill State 204-203 Unit B
API numberWell no.Acreson the permit
42-389-386088H640.98
42-389-3860910H640.98

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

What Chevron Corporation told investors it received

Noble Energy Inc is linked to Chevron Corporation (CVX).
Realized prices reported by Chevron Corporation
QuarterOil$ per bblFiling
Q2 2026$99.38SEC filing
Q2 2026$95.66SEC filing
Q1 2026$80.12SEC filing
Q1 2026$68.83SEC filing
Q4 2025–SEC filing
Q4 2025–SEC filing

SourceChevron Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for PECOS BILL STATE 204-203 UNIT B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,3354,33529,89027,969227$80.46$2.89
Jun 20264,2854,28528,51626,822209$84.81$3.15
May 20264,5144,51439,99138,166201$102.13$2.94
Apr 20265,3415,34146,79044,435390$100.32$2.77
Mar 20264,3264,32626,69924,925390$91.38$3.04
Feb 20264,5234,52326,35425,215102$64.51$3.62
Jan 20263,6753,67526,62425,183163$60.04$7.72
Dec 20252,3382,33815,52614,70999$57.97$4.26
Nov 2025111163600$60.06$3.79
Oct 202500000$60.89$3.19
Sep 20252,6492,6493,2132,98454$63.96$2.97
Aug 20253,2523,2528,6327,889249$64.86$2.91
Jul 20255,2135,21313,04411,998269$68.39$3.20
Jun 20255,2875,28712,27311,270282$68.17$3.02
May 20253,8723,8728,1627,525210$62.17$3.12
Apr 20254,9314,9317,8807,280132$63.54$3.42
Mar 20254,4764,4767,5736,917170$68.24$4.12
Feb 20254,3344,3347,6186,966171$71.53$4.19
Jan 20254,6374,6376,4075,853130$75.74$4.13
Dec 20244,4834,4836,3635,846129$70.12$3.01
Nov 20245,2485,2487,8777,324183$69.95$2.12
Oct 20245,7875,78719,43018,052510$71.99$2.20
Sep 20244,0614,0618,2277,701142$70.24$2.28
Aug 20245,7155,71517,19815,859450$76.68$1.99
Jul 20245,5405,54026,68724,677581$81.80$2.07
Jun 20241,5871,5876,4465,937176$79.77$2.54
May 20243,8283,82822,50720,638647$80.02$2.12
Apr 20244,9904,99017,89316,348571$85.35$1.60
Mar 20245,9205,92024,89423,196577$81.28$1.49
Feb 20247,7007,70033,80631,979569$77.25$1.72
Jan 20248,4878,48734,80432,549777$74.15$3.18
Dec 20237,1357,13529,35527,832262$71.90$2.52
Nov 20238,1288,12836,17433,567986$77.69$2.71
Oct 20239,9399,93936,57034,390731$85.64$2.98
Sep 20237,9067,90625,61724,101554$89.43$2.64
Aug 20236,3546,35424,43922,981551$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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