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Texas oil lease

Producing

RAY-OXY W43R

Ray-OXY W43r is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

114,751bbl oil, last 12 months−49% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-61014

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
179,206 mcf
Oil in Jul 2026
10,914 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 49% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 49% over the last 12 monthsMonthly oil production and gas for RAY-OXY W43R, Jun 2024 to Jul 2026. Oil output fell 49% over the last 12 months. 114,751 bbl in the 12 months through Jul 2026, against 224,941 bbl in the 12 months before.Last 12 months: 114,751 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 49% over the last 12 monthsMonthly oil production and gas for RAY-OXY W43R, Jun 2024 to Jul 2026. Oil output fell 49% over the last 12 months. 114,751 bbl in the 12 months through Jul 2026, against 224,941 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 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 4.6% 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 W43R 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 4.6% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.6%Jul 24OctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of RAY-OXY W43R 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 4.6% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Flared 4.6%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 177,840 mcf

  • Flared (4)

    0.5% · 939 mcf

  • Lease fuel (1)

    0.2% · 427 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 W43R
API numberWell no.Status
42-329-4639018HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Dec 8, 2023–
Phillips 66 Dos Picos LLCCasinghead gasBuys100Jun 1, 2026–
Phillips 66 Dos Picos LLCCasinghead gasGathers100Jun 1, 2026–
Pinnacle Dos Picos LLCCasinghead gasGathers100Dec 8, 2023Jun 1, 2026
Pinnacle Dos Picos LLCCasinghead gasBuys100Dec 8, 2023Jun 1, 2026

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

Who buys my oilOil price check

703.61 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 W43r
API numberWell no.Acreson the permit
42-329-4639018H703.61

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

Unit decimal checker

Estimate your royalty

26 months, newest first

Ledger for RAY-OXY W43R
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202610,91410,87214,14514,08326$80.46$2.89
Jun 20266,1956,1815,3015,2793$84.81$3.15
May 20261,9061,9101,2931,2850$102.13$2.94
Apr 20263,8613,8689949870$100.32$2.77
Mar 20264,2934,3264,7624,7231$91.38$3.04
Feb 20266,7326,7579,8409,641131$64.51$3.62
Jan 202611,68511,65617,27616,776425$60.04$7.72
Dec 202511,94111,93818,47518,42218$57.97$4.26
Nov 20258,7828,80318,13518,000108$60.06$3.79
Oct 202513,71313,73326,49026,39459$60.89$3.19
Sep 202516,53716,52529,74829,65159$63.96$2.97
Aug 202518,19218,21232,74732,599109$64.86$2.91
Jul 202518,44018,40430,89830,79165$68.39$3.20
Jun 202519,03119,04129,86029,695122$68.17$3.02
May 202525,40425,46327,95927,485435$62.17$3.12
Apr 202521,47921,55921,08520,847201$63.54$3.42
Mar 202523,20223,04221,58221,331220$68.24$4.12
Feb 202510,06910,0608,9398,86165$71.53$4.19
Jan 202511,50811,49710,36110,223122$75.74$4.13
Dec 20249,7089,70614,39014,34920$70.12$3.01
Nov 202412,59712,62512,43112,282132$69.95$2.12
Oct 202420,88720,91720,01819,92273$71.99$2.20
Sep 202426,41226,37826,24725,0091,206$70.24$2.28
Aug 202426,20426,22724,91324,576303$76.68$1.99
Jul 202422,05422,02320,07319,598440$81.80$2.07
Jun 202413,63913,58813,22713,10992$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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