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Texas oil lease

Producing

REESE

Reese is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

5 wells

6,757bbl oil, last 12 months−25% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-33178

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
9,462 mcf
Oil in Jul 2026
0 bbl

Production by month

Oil output fell 25% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for REESE, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 6,757 bbl in the 12 months through Jul 2026, against 9,058 bbl in the 12 months before.Last 12 months: 6,757 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for REESE, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 6,757 bbl in the 12 months through Jul 2026, against 9,058 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Feb 2026 the lease's gas goes to lease fuel instead of a processing plant

Flaring peaked at 90.1% of the gas in Feb 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Feb 2026 the lease's gas goes to lease fuel instead of a processing plantShare of REESE gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 90.1% of the gas in Feb 2025.Share of the lease’s gas by disposition code, per month0%50%100%Feb 2026: plant to fuelFlared 90.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2026 the lease's gas goes to lease fuel instead of a processing plantShare of REESE gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 90.1% of the gas in Feb 2025.Share of gas by disposition code0%50%100%Feb 26: plant to fuelFlared 90.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    79% · 9,675 mcf

  • Lease fuel (1)

    18% · 2,260 mcf

  • Flared (4)

    2.9% · 352 mcf

2.9% of the gas flared in the last 12 months. 6 months above 3%.

5 wells on this lease

Wells on REESE
API numberWell no.Status
42-317-338531Shut-in
42-317-369253Active
42-317-376014Active
42-317-380365Active
42-317-382376Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Dec 1, 2024–
Etp Crude LLCOilGathers50Dec 1, 2024–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Dec 1, 2024–
Etc North Permian Midstream LLCCasinghead gasBuys100Dec 1, 2024Mar 1, 2026
Wtg North Permian Midstream LLCCasinghead gasGathers100Jan 1, 2022Dec 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Jan 1, 2022Dec 1, 2024
Energy Trans Crude Marketing LLCOilGathers25Mar 1, 2022Dec 1, 2024
Sunoco Pipeline L.p.OilGathers50Mar 1, 2022Dec 1, 2024
Sunoco Ptnrs. Mktg.&terminals LPOilGathers25Mar 1, 2022Dec 1, 2024

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

Who buys my oilOil price check

160.50 acres on the newest permit

Permits for Reese
API numberWell no.Acreson the permit
42-317-376014160.50
42-317-382376160.50
42-317-380365160.50
42-317-369253160.50
42-317-338531160

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

Unit decimal checker

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36 months, newest first

Ledger for REESE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202600000$80.46$2.89
Jun 2026122000$84.81$3.15
May 202600000$102.13$2.94
Apr 20261240000$100.32$2.77
Mar 20260124000$91.38$3.04
Feb 2026834752280560$64.51$3.62
Jan 20265606108005520$60.04$7.72
Dec 20259691,0791,2551,0070$57.97$4.26
Nov 20256736401,3161,0760$60.06$3.79
Oct 20251,1421,0311,9691,7210$60.89$3.19
Sep 20251,5151,5582,3362,0960$63.96$2.97
Aug 20259399641,5061,2580$64.86$2.91
Jul 20258838271,3621,1140$68.39$3.20
Jun 20257038347585180$68.17$3.02
May 20256616172361600$62.17$3.12
Apr 20253073946460$63.54$3.42
Mar 202511816542371352$68.24$4.12
Feb 20259213414212128$71.53$4.19
Jan 20252643836013690$75.74$4.13
Dec 20241,7031,8381,9891,7410$70.12$3.01
Nov 20244222174301900$69.95$2.12
Oct 20247371,0545402920$71.99$2.20
Sep 20241,4061,2011,3561,1160$70.24$2.28
Aug 20241,7621,7951,5971,3490$76.68$1.99
Jul 20242,0181,9831,7131,4650$81.80$2.07
Jun 20241,8051,8271,09884414$79.77$2.54
May 202433150264938714$80.02$2.12
Apr 20248246251,7871,5470$85.35$1.60
Mar 20241,3281,4391,330932150$81.28$1.49
Feb 20241,0711,0201,142736174$77.25$1.72
Jan 2024951846821177396$74.15$3.18
Dec 20239139201,021593180$71.90$2.52
Nov 20231,0401,0931,1459050$77.69$2.71
Oct 20239451,0071,0968480$85.64$2.98
Sep 20238748771,7201,4800$89.43$2.64
Aug 20231,0169551,6481,4000$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

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

Pioneer Natural Res. USA, Inc. in Martin County

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Spraberry (Trend Area) field

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