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Texas oil lease

Producing

POWELL 1087CP

Powell 1087CP is an oil lease in Glasscock County, Texas, operated by OXY USA Inc. in the Spraberry (Trend Area) field.

1 well

10,532bbl oil, last 12 months−33% vs prior year
Operator
OXY USA Inc.
RRC lease
08-58904

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Where it sits

This county

Glasscock CountyGlasscockMitchellMartinSterlingMidlandHowardGlasscock County
Glasscock County
Gas, last 12 months
59,030 mcf
Oil in Jul 2026
736 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC, ONEOK MIDLAND MIDSTREAM, LLC replaced ETC GAS PROCESSING, LLC, CORONADO MIDSTREAM LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 33% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for POWELL 1087CP, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 10,532 bbl in the 12 months through Jul 2026, against 15,674 bbl in the 12 months before.Last 12 months: 10,532 bblbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for POWELL 1087CP, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 10,532 bbl in the 12 months through Jul 2026, against 15,674 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

85% of the gas went to a transmission line in the last 12 months

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
85% of the gas went to a transmission line in the last 12 monthsShare of POWELL 1087CP gas by disposition code each month, Aug 2023 to Jul 2026. 85% of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
85% of the gas went to a transmission line in the last 12 monthsShare of POWELL 1087CP gas by disposition code each month, Aug 2023 to Jul 2026. 85% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    85% · 50,401 mcf

  • Processing plant (3)

    15% · 8,614 mcf

  • Flared (4)

    0.0% · 15 mcf

1 well on this lease

Wells on POWELL 1087CP
API numberWell no.Status
42-173-387735HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers80Mar 1, 2026–
Plains Marketing, L.p.OilGathers10Mar 1, 2026–
Transoil Marketing, LLCOilGathers10Mar 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys90Mar 1, 2026–
Oneok Midland Midstream, LLCCasinghead gasBuys10Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers90Feb 1, 2025–
Enlink Midstream Services, LLCCasinghead gasGathers10Feb 1, 2025–
Coronado Midstream LLCCasinghead gasBuys10Feb 1, 2025Mar 1, 2026
Etc Gas Processing, LLCCasinghead gasBuys90Feb 1, 2025Mar 1, 2026
Buckhead Midstream, LLCOilGathers5Feb 1, 2025Mar 1, 2026
Nustar Permian Trans and Stg,llcOilGathers95Mar 1, 2025Mar 1, 2026
Energy Transfer CompanyOilGathers90Feb 1, 2025Mar 1, 2025
Plains Pipeline L.p.OilGathers5Feb 1, 2025Mar 1, 2025

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

1,281.48 acres on the newest permit

An allocation well is on this lease

Permits for Powell 1087CP
API numberWell no.Acreson the permit
42-173-387735H1,281.48

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

What Occidental Petroleum Corporation told investors it received

OXY USA Inc. is linked to Occidental Petroleum Corporation (OXY).
Realized prices reported by Occidental Petroleum Corporation
QuarterOil$ per bblFiling
Q2 2026$96.78SEC filing
Q1 2026$69.91SEC filing
Q4 2025$58.99SEC filing
Q3 2025$64.78SEC filing
Q2 2025$63.76SEC filing
Q1 2025$71.07SEC filing

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

Estimate your royalty

36 months, newest first

Ledger for POWELL 1087CP
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20267367394,9304,9291$80.46$2.89
Jun 20268048014,7484,7480$84.81$3.15
May 20268698705,0075,0070$102.13$2.94
Apr 20268368384,9754,9750$100.32$2.77
Mar 20267937914,9174,9170$91.38$3.04
Feb 20268218244,6214,6210$64.51$3.62
Jan 20268618585,1435,12914$60.04$7.72
Dec 20259089095,2465,2460$57.97$4.26
Nov 20251,0521,0525,3995,3990$60.06$3.79
Oct 20259909893,9793,9790$60.89$3.19
Sep 20258998994,6464,6460$63.96$2.97
Aug 20259639625,4195,4190$64.86$2.91
Jul 20251,0171,0175,3805,3800$68.39$3.20
Jun 20251,0241,0245,4635,4630$68.17$3.02
May 20251,0511,0535,1955,1941$62.17$3.12
Apr 20251,2521,2535,2635,2630$63.54$3.42
Mar 20251,3041,3045,2125,2120$68.24$4.12
Feb 20251,2811,2835,0995,0981$71.53$4.19
Jan 20251,5281,5255,8285,8280$75.74$4.13
Dec 20241,5151,5166,5416,5401$70.12$3.01
Nov 20241,5921,5937,8247,8195$69.95$2.12
Oct 20241,8951,8916,1976,1970$71.99$2.20
Sep 20249689691,9311,9310$70.24$2.28
Aug 20241,2471,2477,3757,3750$76.68$1.99
Jul 20241,3811,3786,4126,4120$81.80$2.07
Jun 20249339333,8453,8387$79.77$2.54
May 20241,6521,6527,3357,3314$80.02$2.12
Apr 20241,9451,9467,8217,8183$85.35$1.60
Mar 20241,8881,8948,0198,0154$81.28$1.49
Feb 20242,0132,01710,19210,17715$77.25$1.72
Jan 20242,8632,8576,9986,9899$74.15$3.18
Dec 20231,5501,5482,1052,1050$71.90$2.52
Nov 20231,0921,0963,0723,0720$77.69$2.71
Oct 20232,2882,2897,5337,5330$85.64$2.98
Sep 20232,4212,4207,2597,2590$89.43$2.64
Aug 20232,5962,5967,5987,5980$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

OXY USA Inc. in Glasscock County

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Spraberry (Trend Area) field

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