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Texas oil lease

Producing

PEP 8-21 A

Pep 8-21 A is an oil lease in Ward County, Texas, operated by Crescent Energy Operating, LLC in the Phantom (Wolfcamp) field.

1 well

44,779bbl oil, last 12 months−28% vs prior year
Operator
Crescent Energy Operating, LLC
County
Ward County
Field
Phantom (Wolfcamp)
RRC lease
08-56380

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
170,255 mcf
Oil in Jun 2026
3,100 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Vital Energy, Inc. in Jan 2026.

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 28% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for PEP 8-21 A, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 40,320 bbl in the 12 months through Jul 2026, against 56,024 bbl in the 12 months before.Last 12 months: 40,320 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for PEP 8-21 A, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 40,320 bbl in the 12 months through Jul 2026, against 56,024 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 22.5% of the gas in Oct 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Sep 2024 the lease's gas goes to a transmission line instead of a processing plantShare of PEP 8-21 A gas by disposition code each month, Aug 2023 to Jul 2026. Since Sep 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 22.5% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Sep 2024: plant to lineFlared 22.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Sep 2024 the lease's gas goes to a transmission line instead of a processing plantShare of PEP 8-21 A gas by disposition code each month, Aug 2023 to Jul 2026. Since Sep 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 22.5% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Sep 24: plant to lineFlared 22.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    96% · 163,839 mcf

  • Flared (4)

    2.0% · 3,453 mcf

  • Lease fuel (1)

    1.7% · 2,963 mcf

2.0% of the gas flared in the last 12 months. 14 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Jan 2026

Operators of this lease over timePoint Energy Partners Petro, LLC, Sep 2021 to Aug 2024; Vital Energy, Inc., Sep 2024 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 202620222023202420252026Changed Sep 2024Changed Jan 2026Point Energy Partners Petro,…Sep 2021 to Aug 2024Vital Energy, Inc.Sep 2024 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timePoint Energy Partners Petro, LLC, Sep 2021 to Aug 2024; Vital Energy, Inc., Sep 2024 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 202620222023202420252026Changed Sep 2024Changed Jan 2026Point Energy Partners Petro, LLCSep 2021 to Aug 2024Vital Energy, Inc.Sep 2024 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on PEP 8-21 A
API numberWell no.Status
42-475-381761HActive

SourceTexas Railroad Commission Wellbore Query.

975.10 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.

  • 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 Pep 8-21 A
API numberWell no.Acreson the permit
42-475-381761H975.10

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

Unit decimal checker

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for PEP 8-21 A
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy3,1003,10014,27513,636199$84.81$3.15
May 2026Crescent Energy3,2173,21913,23812,78487$102.13$2.94
Apr 2026Crescent Energy3,2503,24212,22311,96628$100.32$2.77
Mar 2026Crescent Energy3,3743,37513,46112,900309$91.38$3.04
Feb 2026Crescent Energy3,2323,22012,96112,270455$64.51$3.62
Jan 2026Crescent Energy3,8283,83414,73513,934573$60.04$7.72
Dec 2025Vital Energy,3,9143,92315,06714,550351$57.97$4.26
Nov 2025Vital Energy,4,0124,01914,41013,883382$60.06$3.79
Oct 2025Vital Energy,3,9943,99114,79614,175396$60.89$3.19
Sep 2025Vital Energy,4,0614,06314,43813,798428$63.96$2.97
Aug 2025Vital Energy,4,3384,33114,97714,7480$64.86$2.91
Jul 2025Vital Energy,4,4594,45915,67415,195245$68.39$3.20
Jun 2025Vital Energy,5,1095,12512,94612,376389$68.17$3.02
May 2025Vital Energy,4,7264,7217,5057,31787$62.17$3.12
Apr 2025Vital Energy,4,9044,9157,2507,029122$63.54$3.42
Mar 2025Vital Energy,4,8224,8547,4667,146216$68.24$4.12
Feb 2025Vital Energy,4,3514,3367,1466,844196$71.53$4.19
Jan 2025Vital Energy,4,3834,3537,7167,450171$75.74$4.13
Dec 2024Vital Energy,3,6173,6127,8707,636137$70.12$3.01
Nov 2024Vital Energy,3,7723,7777,5817,40279$69.95$2.12
Oct 2024Vital Energy,4,3654,3156,7466,484166$71.99$2.20
Sep 2024Vital Energy,5,9235,9236,3446,2420$70.24$2.28
Aug 2024Point Energy5,5935,5937,3397,02980$76.68$1.99
Jul 2024Point Energy5,4695,4695,8895,607151$81.80$2.07
Jun 2024Point Energy5,5675,5675,6185,032396$79.77$2.54
May 2024Point Energy5,8095,8095,0664,133757$80.02$2.12
Apr 2024Point Energy5,8165,8164,4523,406869$85.35$1.60
Mar 2024Point Energy6,6506,6505,2104,819208$81.28$1.49
Feb 2024Point Energy5,0585,0585,0814,609199$77.25$1.72
Jan 2024Point Energy6,0786,0785,8865,276258$74.15$3.18
Dec 2023Point Energy6,0136,0135,6205,034351$71.90$2.52
Nov 2023Point Energy6,3166,3166,7906,082424$77.69$2.71
Oct 2023Point Energy7,0437,0438,2445,9121,853$85.64$2.98
Sep 2023Point Energy6,6996,6995,4934,309936$89.43$2.64
Aug 2023Point Energy5,4405,4406,2545,595356$81.39$2.58

No report filed 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

OperatorCrescent Energy Operating, LLCFieldPhantom (Wolfcamp)CountyWard County

Crescent Energy Operating, LLC in Ward County

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Phantom (Wolfcamp) field

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