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Texas oil lease

Producing

RAY-OXY W43S

Ray-OXY W43s is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

137,446bbl oil, last 12 months+17% vs prior year
RRC lease
08-61254

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
218,067 mcf
Oil in Jul 2026
11,885 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 rose 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 17% over the last 12 monthsMonthly oil production and gas for RAY-OXY W43S, Jun 2024 to Jul 2026. Oil output rose 17% over the last 12 months. 137,446 bbl in the 12 months through Jul 2026, against 117,636 bbl in the 12 months before.Last 12 months: 137,446 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output rose 17% over the last 12 monthsMonthly oil production and gas for RAY-OXY W43S, Jun 2024 to Jul 2026. Oil output rose 17% over the last 12 months. 137,446 bbl in the 12 months through Jul 2026, against 117,636 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kJul 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 4.4% 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 W43S 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 4.4% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.4%Jul 24OctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of RAY-OXY W43S 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 4.4% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Flared 4.4%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 216,438 mcf

  • Flared (4)

    0.5% · 1,006 mcf

  • Lease fuel (1)

    0.3% · 623 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 W43S
API numberWell no.Status
42-329-4639919HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Dec 23, 2023–
Phillips 66 Dos Picos LLCCasinghead gasBuys100Jun 1, 2026–
Phillips 66 Dos Picos LLCCasinghead gasGathers100Jun 1, 2026–
Pinnacle Dos Picos LLCCasinghead gasGathers100Dec 23, 2023Jun 1, 2026
Pinnacle Dos Picos LLCCasinghead gasBuys100Dec 23, 2023Jun 1, 2026

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

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 W43s
API numberWell no.Acreson the permit
42-329-4639919H723.20

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

Estimate your royalty

26 months, newest first

Ledger for RAY-OXY W43S
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202611,88511,84816,00715,93630$80.46$2.89
Jun 20268,4228,4218,9368,8995$84.81$3.15
May 20264,5664,5984,4064,3780$102.13$2.94
Apr 202612,97812,99412,31912,2120$100.32$2.77
Mar 202613,47313,4399,8939,8152$91.38$3.04
Feb 20266,1776,2058,0007,839106$64.51$3.62
Jan 202611,48611,45719,13918,582473$60.04$7.72
Dec 202511,61811,62224,07724,00724$57.97$4.26
Nov 20259,5419,56420,78220,627124$60.06$3.79
Oct 202514,98814,99231,70931,59371$60.89$3.19
Sep 202514,97714,97029,32229,22559$63.96$2.97
Aug 202517,33517,37033,47733,325112$64.86$2.91
Jul 202520,35720,29032,60332,49168$68.39$3.20
Jun 202513,37413,36319,57619,46880$68.17$3.02
May 202512,11312,17214,68814,437230$62.17$3.12
Apr 202515,13015,19915,90215,722152$63.54$3.42
Mar 202517,72217,63617,35217,150177$68.24$4.12
Feb 202513,89513,82013,15913,04496$71.53$4.19
Jan 20251,0171,0231,01399912$75.74$4.13
Dec 20242,6232,6182,5502,5433$70.12$3.01
Nov 20241,8321,8631,7291,70918$69.95$2.12
Oct 202411,74111,71310,87710,82539$71.99$2.20
Sep 20242,3382,3421,3861,32361$70.24$2.28
Aug 20245,4945,5094,6884,62557$76.68$1.99
Jul 20247,2697,2616,8346,672150$81.80$2.07
Jun 20245,1515,1324,7304,68833$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

Pioneer Natural Res. USA, Inc. in Midland County

All Pioneer Natural Res. USA, Inc. leases →

Spraberry (Trend Area) field

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