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Texas oil lease

Producing

RAY-OXY W43Q

Ray-OXY W43q is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

124,972bbl oil, last 12 months−64% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-60850

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
314,921 mcf
Oil in Jul 2026
11,158 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: PHILLIPS 66 DOS PICOS LLC replaced PINNACLE DOS PICOS LLC as the buyer of this lease's gas from oil wells on Jun 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 64% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 64% over the last 12 monthsMonthly oil production and gas for RAY-OXY W43Q, Jun 2024 to Jul 2026. Oil output fell 64% over the last 12 months. 124,972 bbl in the 12 months through Jul 2026, against 345,474 bbl in the 12 months before.Last 12 months: 124,972 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80k50k100kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 64% over the last 12 monthsMonthly oil production and gas for RAY-OXY W43Q, Jun 2024 to Jul 2026. Oil output fell 64% over the last 12 months. 124,972 bbl in the 12 months through Jul 2026, against 345,474 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80k50k100kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 4.7% of the gas in Sep 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of RAY-OXY W43Q gas by disposition code each month, Jun 2024 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.7% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.7%Jul 24OctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of RAY-OXY W43Q gas by disposition code each month, Jun 2024 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.7% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Flared 4.7%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 312,525 mcf

  • Flared (4)

    0.5% · 1,576 mcf

  • Lease fuel (1)

    0.3% · 820 mcf

0.5% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on RAY-OXY W43Q
API numberWell no.Status
42-329-4639717HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Oct 9, 2023–
Phillips 66 Dos Picos LLCCasinghead gasBuys100Jun 1, 2026–
Phillips 66 Dos Picos LLCCasinghead gasGathers100Jun 1, 2026–
Pinnacle Dos Picos LLCCasinghead gasGathers100Oct 9, 2023Jun 1, 2026
Pinnacle Dos Picos LLCCasinghead gasBuys100Oct 9, 2023Jun 1, 2026

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

Who buys my oilOil price check

723.20 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 Ray-OXY W43q
API numberWell no.Acreson the permit
42-329-4639717H723.20

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

Unit decimal checker

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26 months, newest first

Ledger for RAY-OXY W43Q
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202611,15811,13622,65622,55443$80.46$2.89
Jun 202610,22810,24717,95117,87510$84.81$3.15
May 20267,6617,62410,21610,1501$102.13$2.94
Apr 20266,1876,1964,5134,4750$100.32$2.77
Mar 20266,6666,6858,5138,4441$91.38$3.04
Feb 20266,8556,86613,43913,165180$64.51$3.62
Jan 202610,10210,08428,87528,019727$60.04$7.72
Dec 202511,75211,78437,93837,82837$57.97$4.26
Nov 202514,13614,09138,48538,196231$60.06$3.79
Oct 20257,9868,03325,15525,06356$60.89$3.19
Sep 202515,67915,66553,85653,677109$63.96$2.97
Aug 202516,56216,59553,32453,079181$64.86$2.91
Jul 202519,45419,42061,95761,740132$68.39$3.20
Jun 202521,21221,22163,68063,321266$68.17$3.02
May 202527,67127,68646,33845,539733$62.17$3.12
Apr 202515,61415,75128,11427,788275$63.54$3.42
Mar 202525,18925,08146,12545,571485$68.24$4.12
Feb 202522,54222,51340,85840,493306$71.53$4.19
Jan 202523,59023,59034,13133,666412$75.74$4.13
Dec 202426,17326,17039,86039,74755$70.12$3.01
Nov 202434,26334,29257,17756,474622$69.95$2.12
Oct 202441,27641,32156,58656,307211$71.99$2.20
Sep 202448,39448,31459,34956,5132,763$70.24$2.28
Aug 202440,09640,11543,00242,415528$76.68$1.99
Jul 202429,41329,41932,44331,664722$81.80$2.07
Jun 202431,11030,99434,42234,114241$79.77$2.54

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

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyMidland County

Pioneer Natural Res. USA, Inc. in Midland County

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Spraberry (Trend Area) field

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