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Texas oil lease

Producing

POINT RED

Point Red is an oil lease in Ward County, Texas, operated by Crescent Energy Operating, LLC in the Phantom (Wolfcamp) field.

1 well

46,329bbl oil, last 12 months−45% vs prior year
Operator
Crescent Energy Operating, LLC
County
Ward County
Field
Phantom (Wolfcamp)
RRC lease
08-54526

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
152,131 mcf
Oil in Jun 2026
2,142 bbl

Production by month

Oil output fell 45% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for POINT RED, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 40,593 bbl in the 12 months through Jul 2026, against 74,041 bbl in the 12 months before.Last 12 months: 40,593 bblbbl per monthmcf per month002,5005,0005,00010k7,50015k10k20k12.5k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for POINT RED, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 40,593 bbl in the 12 months through Jul 2026, against 74,041 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,5005,0005,00010k7,50015k10k20k12.5k25kJan 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 41.8% of the gas in Apr 2024.

  • 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 POINT RED 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 41.8% of the gas in Apr 2024.Share of the lease’s gas by disposition code, per month0%50%100%Sep 2024: plant to lineFlared 41.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Sep 2024 the lease's gas goes to a transmission line instead of a processing plantShare of POINT RED 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 41.8% of the gas in Apr 2024.Share of gas by disposition code0%50%100%Sep 24: plant to lineFlared 41.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    89% · 134,912 mcf

  • Lease fuel (1)

    7.7% · 11,696 mcf

  • Flared (4)

    3.6% · 5,523 mcf

3.6% of the gas flared in the last 12 months. 21 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, Apr 2020 to Aug 2024; Vital Energy, Inc., Sep 2024 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 2026202120222023202420252026Changed Sep 2024Changed Jan 2026Point Energy Partners Petro,…Apr 2020 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, Apr 2020 to Aug 2024; Vital Energy, Inc., Sep 2024 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 2026202120222023202420252026Changed Sep 2024Changed Jan 2026Point Energy Partners Petro, LLCApr 2020 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 POINT RED
API numberWell no.Status
42-475-379771HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Apr 25, 2020
Salt Creek Midstream, LLCCasinghead gasBuys50Apr 25, 2020
Targa Midstream Services LLCCasinghead gasBuys50Apr 25, 2020
Targa Midstream Services LLCCasinghead gasGathers100Apr 25, 2020

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

Who buys my oilOil price check

441.14 acres on the newest permit

An allocation well is on this lease

Permits for Point Red
API numberWell no.Acreson the permit
42-475-379771H441.14

SourceRailroad Commission drilling permits, Sep 26, 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 POINT RED
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy2,1422,1646,2955,928367$84.81$3.15
May 2026Crescent Energy3,6253,6229,4329,216216$102.13$2.94
Apr 2026Crescent Energy3,3133,33411,38011,196184$100.32$2.77
Mar 2026Crescent Energy4,0243,95512,46712,127340$91.38$3.04
Feb 2026Crescent Energy4655241,8011,71982$64.51$3.62
Jan 2026Crescent Energy3,4773,47213,90913,053856$60.04$7.72
Dec 2025Vital Energy,3,7213,74210,6488,858606$57.97$4.26
Nov 2025Vital Energy,4,6454,63016,37814,072680$60.06$3.79
Oct 2025Vital Energy,3,8223,85718,41615,536750$60.89$3.19
Sep 2025Vital Energy,5,3475,35019,63416,449768$63.96$2.97
Aug 2025Vital Energy,6,0125,98317,61914,845393$64.86$2.91
Jul 2025Vital Energy,5,7365,75014,15211,913281$68.39$3.20
Jun 2025Vital Energy,5,0894,98011,1059,258416$68.17$3.02
May 2025Vital Energy,0115000$62.17$3.12
Apr 2025Vital Energy,6,4586,45617,97215,324530$63.54$3.42
Mar 2025Vital Energy,7,1227,13820,77117,740633$68.24$4.12
Feb 2025Vital Energy,6,3736,29915,80813,074945$71.53$4.19
Jan 2025Vital Energy,6,7876,77616,32514,202116$75.74$4.13
Dec 2024Vital Energy,5,3005,31112,26210,7423$70.12$3.01
Nov 2024Vital Energy,3,6533,7016,8305,95128$69.95$2.12
Oct 2024Vital Energy,10,18910,21221,06118,216826$71.99$2.20
Sep 2024Vital Energy,8,6518,52219,25217,2520$70.24$2.28
Aug 2024Point Energy8,6838,68318,46515,581493$76.68$1.99
Jul 2024Point Energy8,1738,17317,05614,3702,291$81.80$2.07
Jun 2024Point Energy6,1176,11717,43712,2692,962$79.77$2.54
May 2024Point Energy6,1926,19217,0199,9854,789$80.02$2.12
Apr 2024Point Energy5,4835,48313,1545,9665,501$85.35$1.60
Mar 2024Point Energy5,8425,84213,9749,1023,032$81.28$1.49
Feb 2024Point Energy5,7805,78014,63710,8032,046$77.25$1.72
Jan 2024Point Energy6,0676,06716,01512,1891,911$74.15$3.18
Dec 2023Point Energy6,8456,84514,1929,6542,877$71.90$2.52
Nov 2023Point Energy7,7537,75317,75012,0743,599$77.69$2.71
Oct 2023Point Energy9,9939,99323,37920,460662$85.64$2.98
Sep 2023Point Energy8,8038,80321,04317,9781,078$89.43$2.64
Aug 2023Point Energy9,4769,47621,48119,287493$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 Sep 28, 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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