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Texas oil lease

Producing

POWELL 1586CP

Powell 1586CP is an oil lease in Glasscock County, Texas, operated by OXY USA Inc. in the Spraberry (Trend Area) field.

1 well

12,484bbl oil, last 12 months−31% vs prior year
Operator
OXY USA Inc.
County
Glasscock County
Field
Spraberry (Trend Area)
RRC lease
08-59106

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Where it sits

This county

Glasscock CountyGlasscockMitchellMartinSterlingMidlandHowardGlasscock County
Glasscock County
Gas, last 12 months
67,591 mcf
Oil in Jul 2026
842 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.

See why checks stop on this lease

Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for POWELL 1586CP, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 12,484 bbl in the 12 months through Jul 2026, against 18,140 bbl in the 12 months before.Last 12 months: 12,484 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for POWELL 1586CP, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 12,484 bbl in the 12 months through Jul 2026, against 18,140 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

86% of the gas went to a transmission line in the last 12 months

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
86% of the gas went to a transmission line in the last 12 monthsShare of POWELL 1586CP gas by disposition code each month, Aug 2023 to Jul 2026. 86% 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
86% of the gas went to a transmission line in the last 12 monthsShare of POWELL 1586CP gas by disposition code each month, Aug 2023 to Jul 2026. 86% 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)

    86% · 57,824 mcf

  • Processing plant (3)

    14% · 9,749 mcf

  • Flared (4)

    0.0% · 18 mcf

1 well on this lease

Wells on POWELL 1586CP
API numberWell no.Status
42-173-387724HActive

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).

Who buys my oilOil price check

1,281.48 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 Powell 1586CP
API numberWell no.Acreson the permit
42-173-387724H1,281.48

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

Unit decimal checker

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 1586CP
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20268428465,9775,9761$80.46$2.89
Jun 20268938895,9135,9130$84.81$3.15
May 20268508514,9814,9810$102.13$2.94
Apr 20269589615,9115,9110$100.32$2.77
Mar 20269929905,6245,6240$91.38$3.04
Feb 20261,0081,0115,2735,2730$64.51$3.62
Jan 20261,0781,0756,1356,11817$60.04$7.72
Dec 20251,0851,0865,6005,6000$57.97$4.26
Nov 20251,1811,1815,5735,5730$60.06$3.79
Oct 20251,1861,1865,6025,6020$60.89$3.19
Sep 20251,2041,2035,9015,9010$63.96$2.97
Aug 20251,2071,2065,1015,1010$64.86$2.91
Jul 20251,2411,2415,7285,7280$68.39$3.20
Jun 20251,1341,1344,9384,9380$68.17$3.02
May 20251,2531,2545,1555,1541$62.17$3.12
Apr 20251,2821,2834,9804,9800$63.54$3.42
Mar 20251,2991,2996,1146,1140$68.24$4.12
Feb 20251,1241,1287,5077,5061$71.53$4.19
Jan 20252,0082,00413,23413,2340$75.74$4.13
Dec 20241,6601,6616,8486,8471$70.12$3.01
Nov 20241,8901,89010,57410,5677$69.95$2.12
Oct 20241,8711,87010,84810,8480$71.99$2.20
Sep 20241,7121,71210,16410,1640$70.24$2.28
Aug 20241,6661,66412,02512,0241$76.68$1.99
Jul 20241,5591,55711,90011,9000$81.80$2.07
Jun 20242,2202,22012,39012,36822$79.77$2.54
May 20242,2472,24712,53212,5257$80.02$2.12
Apr 20242,6192,62014,59114,5856$85.35$1.60
Mar 20242,8982,90615,15815,1517$81.28$1.49
Feb 20242,9312,93114,09414,07420$77.25$1.72
Jan 20242,7292,72910,64910,63613$74.15$3.18
Dec 20232,8062,80615,05415,0540$71.90$2.52
Nov 20232,9822,98817,96117,9610$77.69$2.71
Oct 20235,1545,14122,90022,9000$85.64$2.98
Sep 20231,2551,2634,1234,1230$89.43$2.64
Aug 20233,8063,80510,75710,7570$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

This lease belongs to

OperatorOXY USA Inc.FieldSpraberry (Trend Area)CountyGlasscock County

OXY USA Inc. in Glasscock County

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Spraberry (Trend Area) field

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