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Texas oil lease

Producing

PEPPADEW STATE 243-244 UNIT B-1

Peppadew State 243-244 Unit B-1 is an oil lease in Reeves County, Texas, operated by Noble Energy Inc in the Hoefs T-K (Wolfcamp) field.

1 well

1,993bbl oil, last 12 months−71% vs prior year
Operator
Noble Energy Inc
County
Reeves County
Field
Hoefs T-K (Wolfcamp)
RRC lease
08-52202

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
32,974 mcf
Oil in Jul 2026
201 bbl

Production by month

Oil output fell 71% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 71% over the last 12 monthsMonthly oil production and gas for PEPPADEW STATE 243-244 UNIT B-1, Aug 2023 to Jul 2026. Oil output fell 71% over the last 12 months. 1,993 bbl in the 12 months through Jul 2026, against 6,967 bbl in the 12 months before.Last 12 months: 1,993 bblbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 71% over the last 12 monthsMonthly oil production and gas for PEPPADEW STATE 243-244 UNIT B-1, Aug 2023 to Jul 2026. Oil output fell 71% over the last 12 months. 1,993 bbl in the 12 months through Jul 2026, against 6,967 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

92% of the gas went to a processing plant in the last 12 months

Flaring peaked at 4.0% of the gas in Jun 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
92% of the gas went to a processing plant in the last 12 monthsShare of PEPPADEW STATE 243-244 UNIT B-1 gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.0% of the gas in Jun 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
92% of the gas went to a processing plant in the last 12 monthsShare of PEPPADEW STATE 243-244 UNIT B-1 gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.0% of the gas in Jun 2025.Share of gas by disposition code0%50%100%Flared 4.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    92% · 56,521 mcf

  • Lease fuel (1)

    4.0% · 2,479 mcf

  • Transmission line (2)

    1.9% · 1,178 mcf

  • Flared (4)

    1.8% · 1,102 mcf

1.8% of the gas flared in the last 12 months. 4 months above 3%.

1 well on this lease

Wells on PEPPADEW STATE 243-244 UNIT B-1
API numberWell no.Status
42-389-375562HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers25Oct 1, 2024–
Et Gathering & Processing LLCOilGathers25Oct 1, 2024–
Noble Energy INCOilGathers25Oct 1, 2024–
Plains Marketing, L.p.OilGathers25Oct 1, 2024–
Energy Transfer CompanyCasinghead gasBuys50Oct 1, 2024–
Et Gathering & Processing LLCCasinghead gasBuys50Oct 1, 2024–
Noble Energy INCCasinghead gasGathers100Oct 1, 2024–
Energy Transfer CompanyCasinghead gasGathers50Apr 10, 2019Oct 1, 2024
Noble Energy INCCasinghead gasGathers50Jan 1, 2023Oct 1, 2024
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023Oct 1, 2024
Noble Energy INCOilGathers50Jan 1, 2023Oct 1, 2024
Plains Marketing, L.p.OilGathers50Jan 1, 2023Oct 1, 2024
Etc Texas P/L, LTDCasinghead gasBuys100Apr 10, 2019Oct 1, 2023

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

Who buys my oilOil price check

920 acres on the newest permit

  • Worth asking

    A production sharing agreement well is on this lease

    A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives 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 Peppadew State 243-244 Unit B-1
API numberWell no.Acreson the permit
42-389-375562H920

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

Unit decimal checker

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 PEPPADEW STATE 243-244 UNIT B-1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262012013,5823,3393$80.46$2.89
Jun 202600000$84.81$3.15
May 20263783786,2485,98026$102.13$2.94
Apr 20266946947,9207,6320$100.32$2.77
Mar 20261611611,7711,7250$91.38$3.04
Feb 20261981981,6591,6151$64.51$3.62
Jan 202675751,3031,2432$60.04$7.72
Dec 2025120120000$57.97$4.26
Nov 202500000$60.06$3.79
Oct 202500000$60.89$3.19
Sep 202500000$63.96$2.97
Aug 202516616610,4919,726325$64.86$2.91
Jul 20253593597,3256,865179$68.39$3.20
Jun 20251,0541,0545,4225,020215$68.17$3.02
May 20251,1431,1437,4586,915247$62.17$3.12
Apr 20253643643,2433,01084$63.54$3.42
Mar 20255365364,8584,62920$68.24$4.12
Feb 20254064064,9054,58194$71.53$4.19
Jan 20254124124,7284,41685$75.74$4.13
Dec 20247117116,3835,893117$70.12$3.01
Nov 20241021021,03690720$69.95$2.12
Oct 20247527525,9175,189121$71.99$2.20
Sep 20249479476,8646,167131$70.24$2.28
Aug 20241811811,1631,05223$76.68$1.99
Jul 20241,1031,10320,14118,588390$81.80$2.07
Jun 20246186184,5264,16289$79.77$2.54
May 20249109103,0822,82134$80.02$2.12
Apr 20248648645575493$85.35$1.60
Mar 202412212252491$81.28$1.49
Feb 202400000$77.25$1.72
Jan 20240062600$74.15$3.18
Dec 202300000$71.90$2.52
Nov 2023101018170$77.69$2.71
Oct 202355000$85.64$2.98
Sep 202300000$89.43$2.64
Aug 2023001,4721,36853$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

This lease belongs to

OperatorNoble Energy IncFieldHoefs T-K (Wolfcamp)CountyReeves County

Noble Energy Inc in Reeves County

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Hoefs T-K (Wolfcamp) field

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