Texas oil lease

Shut in

REEVES -AD- FEE

Name: REEVES -AD- FEE monthly oil and gas production, Reeves County, Texas
Creator: Texas Railroad Commission

Reeves -Ad- Fee is an oil lease in Reeves County, Texas, operated by Crescent Energy Operating, LLC in the Sullivan (Delaware) field.

1 well

0bbl oil, last 12 months

Operator: Crescent Energy Operating, LLC
County: Reeves County
Field: Sullivan (Delaware)
RRC lease: 08-33955

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Where it sits

This county

Reeves County

Oil in Jul 2026: 0 bbl
Reporting since: Jan 2020

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Operator
Operator changed: Crescent Energy Operating, LLC took over from Contango Resources, LLC in Nov 2025.
P-5
The previous operator's P-5 registration is listed as inactive since May 1, 2026 (last P-5 filed Feb 20, 2025).
Sales
No sales reported for the last 12 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

No production to chart

The state shows zero oil and zero gas for all 36 months we hold (Aug 2023 to Jul 2026). A lease that is shut in or newly reported looks like this. The ledger below lists each month.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed 3 times, most recently in Nov 2025

Crescent Energy Operating, LLC Nov 2025 to now
Contango Resources, LLC Jan 2022 to Oct 2025
Contango Resources, Inc. Feb 2021 to Dec 2021
Grizzly Op of Delaware, LLC Jan 2020 to Jan 2021

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on REEVES -AD- FEE
API number	Well no.	Status
42-389-31412	5	Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From
Plains Marketing, L.p.	Oil	Gathers	100	Mar 1, 2002
Nuevo Midstream, LLC	Casinghead gas	Buys	100	Oct 27, 2011
Nuevo Midstream, LLC	Casinghead gas	Gathers	100	Mar 26, 2014

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

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80 acres on the newest permit

Good to know
The wells on this lease state different acreage
The permits state between 80 and 323 acres. Use the acres from your own division order for the well you are paid on.

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Permits for Reeves -Ad- Fee
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-389-31431	7	Oct 26, 1993	Jan 21, 1994	80	Vertical
42-389-31412	1	Jul 22, 1983	Nov 14, 1983	323	Vertical
42-389-31412	5	Jul 22, 1983	Nov 14, 1983	323	Vertical

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

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What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).

Realized prices reported by Crescent Energy Company
Quarter	Oil$ per bbl	Gas$ per mcf	Gas liquids$ per bbl	Filing
Q1 2026	$71.00	$2.37	$18.05	SEC filing
Q4 2025	$62.21	$2.84	$22.47	SEC filing
Q3 2025	$63.07	$2.49	$22.53	SEC filing
Q2 2025	$61.47	$2.71	$22.59	SEC filing
Q1 2025	$67.64	$3.18	$25.43	SEC filing
Q4 2024	$67.51	$2.27	$23.08	SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for REEVES -AD- FEE
Month	Operator	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026Crescent Energy	Crescent Energy Operating, LLC	$80.46	$2.89
Jun 2026Crescent Energy	Crescent Energy Operating, LLC	$84.81	$3.15
May 2026Crescent Energy	Crescent Energy Operating, LLC	$102.13	$2.94
Apr 2026Crescent Energy	Crescent Energy Operating, LLC	$100.32	$2.77
Mar 2026Crescent Energy	Crescent Energy Operating, LLC	$91.38	$3.04
Feb 2026Crescent Energy	Crescent Energy Operating, LLC	$64.51	$3.62
Jan 2026Crescent Energy	Crescent Energy Operating, LLC	$60.04	$7.72
Dec 2025Crescent Energy	Crescent Energy Operating, LLC	$57.97	$4.26
Nov 2025Crescent Energy	Crescent Energy Operating, LLC	$60.06	$3.79
Oct 2025Contango Resources,	Contango Resources, LLC	$60.89	$3.19
Sep 2025Contango Resources,	Contango Resources, LLC	$63.96	$2.97
Aug 2025Contango Resources,	Contango Resources, LLC	$64.86	$2.91
Jul 2025Contango Resources,	Contango Resources, LLC	$68.39	$3.20
Jun 2025Contango Resources,	Contango Resources, LLC	$68.17	$3.02
May 2025Contango Resources,	Contango Resources, LLC	$62.17	$3.12
Apr 2025Contango Resources,	Contango Resources, LLC	$63.54	$3.42
Mar 2025Contango Resources,	Contango Resources, LLC	$68.24	$4.12
Feb 2025Contango Resources,	Contango Resources, LLC	$71.53	$4.19
Jan 2025Contango Resources,	Contango Resources, LLC	$75.74	$4.13
Dec 2024Contango Resources,	Contango Resources, LLC	$70.12	$3.01
Nov 2024Contango Resources,	Contango Resources, LLC	$69.95	$2.12
Oct 2024Contango Resources,	Contango Resources, LLC	$71.99	$2.20
Sep 2024Contango Resources,	Contango Resources, LLC	$70.24	$2.28
Aug 2024Contango Resources,	Contango Resources, LLC	$76.68	$1.99
Jul 2024Contango Resources,	Contango Resources, LLC	$81.80	$2.07
Jun 2024Contango Resources,	Contango Resources, LLC	$79.77	$2.54
May 2024Contango Resources,	Contango Resources, LLC	$80.02	$2.12
Apr 2024Contango Resources,	Contango Resources, LLC	$85.35	$1.60
Mar 2024Contango Resources,	Contango Resources, LLC	$81.28	$1.49
Feb 2024Contango Resources,	Contango Resources, LLC	$77.25	$1.72
Jan 2024Contango Resources,	Contango Resources, LLC	$74.15	$3.18
Dec 2023Contango Resources,	Contango Resources, LLC	$71.90	$2.52
Nov 2023Contango Resources,	Contango Resources, LLC	$77.69	$2.71
Oct 2023Contango Resources,	Contango Resources, LLC	$85.64	$2.98
Sep 2023Contango Resources,	Contango Resources, LLC	$89.43	$2.64
Aug 2023Contango Resources,	Contango Resources, LLC	$81.39	$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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