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Texas oil lease

Producing

RED CREST

Red Crest is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Phantom (Wolfcamp) field.

4 wells

20,442bbl oil, last 12 months−11% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-46607

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
29,475 mcf
Oil in Jul 2026
3,197 bbl

Production by month

Oil output fell 11% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for RED CREST, Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 20,442 bbl in the 12 months through Jul 2026, against 23,068 bbl in the 12 months before.Last 12 months: 20,442 bblbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,0005,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for RED CREST, Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 20,442 bbl in the 12 months through Jul 2026, against 23,068 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,0005,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2023 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 26.5% of the gas in Nov 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a transmission line instead of lease fuelShare of RED CREST gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 26.5% of the gas in Nov 2024.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: fuel to lineFlared 26.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a transmission line instead of lease fuelShare of RED CREST gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 26.5% of the gas in Nov 2024.Share of gas by disposition code0%50%100%Nov 23: fuel to lineFlared 26.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    95% · 27,966 mcf

  • Lease fuel (1)

    3.9% · 1,162 mcf

  • Flared (4)

    1.2% · 347 mcf

1.2% of the gas flared in the last 12 months. 5 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2023

Operators of this lease over timeCentennial Resource Prod, LLC, Jan 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262020202120222023202420252026Changed Jan 2023Centennial Resource Prod, LLCJan 2020 to Dec 2022Permian Resources Operating,…Jan 2023 to now
Operators of this lease over timeCentennial Resource Prod, LLC, Jan 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 20262020202120222023202420252026Changed Jan 2023Centennial Resource Prod, LLCJan 2020 to Dec 2022Permian Resources Operating, LLCJan 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on RED CREST
API numberWell no.Status
42-389-326581Active
42-389-342542HActive
42-389-343443HActive
42-389-344174HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Dec 1, 2024–
Kinetik Holdings LPCasinghead gasBuys100Dec 1, 2024–
Kinetik Holdings LPCasinghead gasGathers100Dec 1, 2024–
Eagleclaw Midstream Ventures,llcCasinghead gasGathers100Mar 1, 2017Dec 1, 2024
Eagleclaw Midstream Ventures,llcCasinghead gasBuys100Mar 1, 2017Dec 1, 2024
Trimac Transportation Inc.OilGathers100Mar 1, 2022Dec 1, 2024
Gibson Energy Marketing, LLCOilGathers25Feb 21, 2019Mar 1, 2022
Oryx Delaware Oil Transport LLCOilGathers75Jan 1, 2020Mar 1, 2022
Oryx So. Delaware Ogt LLCOilGathers75Feb 21, 2019Jan 1, 2020

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

Who buys my oilOil price check

640 acres on the newest permit

Permits for Red Crest
API numberWell no.Acreson the permit
42-389-326581640
42-389-344174H640
42-389-343443H640
42-389-342542H640

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

Unit decimal checker

What Permian Resources Corporation told investors it received

Permian Resources Operating, LLC is linked to Permian Resources Corporation (PR).
Realized prices reported by Permian Resources Corporation
QuarterOil$ per bblFiling
Q2 2026$97.81SEC filing
Q1 2026$70.91SEC filing
Q4 2025$58.78SEC filing
Q3 2025$64.77SEC filing
Q2 2025$62.71SEC filing
Q1 2025$70.48SEC filing

SourcePermian Resources Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for RED CREST
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources3,1973,0904,9333,449347$80.46$2.89
Jun 2026Permian Resources1,4791,4232,3652,3400$84.81$3.15
May 2026Permian Resources1,2951,1291,9591,9590$102.13$2.94
Apr 2026Permian Resources1,6611,6022,2622,2620$100.32$2.77
Mar 2026Permian Resources1,5071,4751,9461,9460$91.38$3.04
Feb 2026Permian Resources1,3051,5141,6651,6650$64.51$3.62
Jan 2026Permian Resources1,4631,3891,8391,8390$60.04$7.72
Dec 2025Permian Resources1,5791,5712,1632,1630$57.97$4.26
Nov 2025Permian Resources1,7501,7052,5312,5310$60.06$3.79
Oct 2025Permian Resources1,8471,9702,8982,8980$60.89$3.19
Sep 2025Permian Resources1,5901,6222,2982,2980$63.96$2.97
Aug 2025Permian Resources1,7691,5362,6162,6160$64.86$2.91
Jul 2025Permian Resources1,8802,2412,7242,7240$68.39$3.20
Jun 2025Permian Resources1,8391,6762,5042,4977$68.17$3.02
May 2025Permian Resources2,0732,0972,7362,574162$62.17$3.12
Apr 2025Permian Resources2,0762,0712,9032,88023$63.54$3.42
Mar 2025Permian Resources2,3592,2662,8562,8560$68.24$4.12
Feb 2025Permian Resources2,1002,1962,2262,2240$71.53$4.19
Jan 2025Permian Resources2,5282,3982,6552,6550$75.74$4.13
Dec 2024Permian Resources2,7812,9222,5972,5925$70.12$3.01
Nov 2024Permian Resources1,9961,9572,5971,908689$69.95$2.12
Oct 2024Permian Resources1,2031,3311,7561,54066$71.99$2.20
Sep 2024Permian Resources1,1149491,4811,4810$70.24$2.28
Aug 2024Permian Resources1,1191,0571,6181,5430$76.68$1.99
Jul 2024Permian Resources1,3021,4592,3321,9950$81.80$2.07
Jun 2024Permian Resources1,2931,0491,8401,8400$79.77$2.54
May 2024Permian Resources8119271,1971,1970$80.02$2.12
Apr 2024Permian Resources8257201,0061,0060$85.35$1.60
Mar 2024Permian Resources9681,0732,1191,2140$81.28$1.49
Feb 2024Permian Resources1,4011,4422,5771,4910$77.25$1.72
Jan 2024Permian Resources1,5581,6212,9151,7540$74.15$3.18
Dec 2023Permian Resources1,8261,8102,5161,3550$71.90$2.52
Nov 2023Permian Resources1,7251,5102,4621,3390$77.69$2.71
Oct 2023Permian Resources6658012,2461,0980$85.64$2.98
Sep 2023Permian Resources1,0971,0992,9171,79971$89.43$2.64
Aug 2023Permian Resources1,8982,0723,9122,623222$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorPermian Resources Operating, LLCFieldPhantom (Wolfcamp)CountyReeves County

Permian Resources Operating, LLC in Reeves County

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Phantom (Wolfcamp) field

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