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Texas oil lease

Producing

RAY-OXY W43U

Ray-OXY W43u is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

49,701bbl oil, last 12 months−74% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-61049

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
219,916 mcf
Oil in Jul 2026
5,951 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 74% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 74% over the last 12 monthsMonthly oil production and gas for RAY-OXY W43U, Jun 2024 to Jul 2026. Oil output fell 74% over the last 12 months. 49,701 bbl in the 12 months through Jul 2026, against 188,345 bbl in the 12 months before.Last 12 months: 49,701 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80k50k100kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 74% over the last 12 monthsMonthly oil production and gas for RAY-OXY W43U, Jun 2024 to Jul 2026. Oil output fell 74% over the last 12 months. 49,701 bbl in the 12 months through Jul 2026, against 188,345 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

94% 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)
94% of the gas went to a processing plant in the last 12 monthsShare of RAY-OXY W43U gas by disposition code each month, Jun 2024 to Jul 2026. 94% 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
94% of the gas went to a processing plant in the last 12 monthsShare of RAY-OXY W43U gas by disposition code each month, Jun 2024 to Jul 2026. 94% 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)

    94% · 207,761 mcf

  • Lease fuel (1)

    5.1% · 11,184 mcf

  • Flared (4)

    0.4% · 971 mcf

0.4% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on RAY-OXY W43U
API numberWell no.Status
42-329-4639221HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Nov 14, 2023–
Phillips 66 Dos Picos LLCCasinghead gasBuys100Jun 1, 2026–
Phillips 66 Dos Picos LLCCasinghead gasGathers100Jun 1, 2026–
Pinnacle Dos Picos LLCCasinghead gasGathers100Nov 14, 2023Jun 1, 2026
Pinnacle Dos Picos LLCCasinghead gasBuys100Nov 14, 2023Jun 1, 2026

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

Who buys my oilOil price check

762.49 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 W43u
API numberWell no.Acreson the permit
42-329-4639221H762.49

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 W43U
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265,9515,93715,65113,92226$80.46$2.89
Jun 20265,2085,2115,2294,3662$84.81$3.15
May 20263,1913,1862,4001,9260$102.13$2.94
Apr 20264,2664,2502,6561,8440$100.32$2.77
Mar 20261,3351,3276073530$91.38$3.04
Feb 202610311865461$64.51$3.62
Jan 20262,1282,13118,44116,280430$60.04$7.72
Dec 20253,8343,84731,35730,11630$57.97$4.26
Nov 20255,1175,12033,76432,573199$60.06$3.79
Oct 20256,2496,24336,96935,76981$60.89$3.19
Sep 20255,0545,05930,19729,25260$63.96$2.97
Aug 20257,2657,27542,58041,314142$64.86$2.91
Jul 20257,8427,82945,21343,82695$68.39$3.20
Jun 20258,7388,74146,46044,928191$68.17$3.02
May 202511,13711,17763,29460,8981,005$62.17$3.12
Apr 202511,59211,62734,61933,039331$63.54$3.42
Mar 202511,58211,53544,32942,433459$68.24$4.12
Feb 202510,79110,78440,18738,832297$71.53$4.19
Jan 202513,12613,13546,39644,512557$75.74$4.13
Dec 202416,70416,68657,07855,44578$70.12$3.01
Nov 202416,13916,15452,18550,141561$69.95$2.12
Oct 202420,10820,14147,49646,038177$71.99$2.20
Sep 202426,51126,49460,15255,8992,806$70.24$2.28
Aug 202434,07534,11859,91257,543736$76.68$1.99
Jul 202432,12432,17038,78136,494835$81.80$2.07
Jun 202444,48944,32349,43348,990346$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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