Skip to content
Royalty Clerk

Texas oil lease · RRC district 08 · Lease 46939

Producing

RHOADS

Rhoads is an oil lease in Reeves County, Texas, operated by Permian Resources Operating, LLC in the Phantom (Wolfcamp) field. The Railroad Commission shows 1,141 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

1,141bbl oil, last 12 months−28% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-46939

Own a share of this lease?

Is your check right?

Upload a check stub or a phone photo. We compare every month with the state numbers on this page.

Check my statement

Free. No account needed. Two to four pages.

Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County · RRC district 08Open Reeves County →
Gas, last 12 months
10,157 mcf
Oil in Jul 2026
125 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 28% over the last 12 months

1,141 bbl in the 12 months through Jul 2026, against 1,576 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for RHOADS, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 1,141 bbl in the 12 months through Jul 2026, against 1,576 bbl in the 12 months before.Last 12 months: 1,141 bblbbl per monthmcf per month001002502005003007504001,0005001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for RHOADS, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 1,141 bbl in the 12 months through Jul 2026, against 1,576 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002502005003007504001,0005001,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 46939, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

97% of the gas went to lease fuel in the last 12 months

Flaring peaked at 34.1% of the gas in Apr 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to lease fuel in the last 12 monthsShare of RHOADS gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to lease fuel in the last 12 months. Flaring peaked at 34.1% of the gas in Apr 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 34.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to lease fuel in the last 12 monthsShare of RHOADS gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to lease fuel in the last 12 months. Flaring peaked at 34.1% of the gas in Apr 2025.Share of gas by disposition code0%50%100%Flared 34.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 46939, district 08. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

None of the gas was flared in the last 12 months. One month went above 3%, which we mark in the ledger below.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed once, most recently in Jan 2023

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

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, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 46939 in district 08. The API number is the state’s ID for a well.
Wells on RHOADS
API numberWell no.Status
42-389-341051HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 46939.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Plains Marketing, L.p., Plains Pipeline L.p. and Enterprise Crude Oil LLC gather it.

    Plains Marketing, L.p. gathers it: 49% of it, on the list since May 1, 2026 · Plains Pipeline L.p. gathers it: 49% of it, on the list since May 1, 2026 · Enterprise Crude Oil LLC gathers it: 2% of it, on the list since May 1, 2026

  • Gas from oil wells

    Kinetik Holdings LP buys and gathers it.

    Kinetik Holdings LP buys it: 100% of it, on the list since Jun 16, 2025 · Kinetik Holdings LP gathers it: 100% of it, on the list since Jun 16, 2025

Companies that used to be listed: Enterprise Crude Oil LLC (gathers it, until May 1, 2026); Plains Marketing, L.p. (gathers it, until May 1, 2026); Plains Pipeline L.p. (gathers it, until May 1, 2026); Eagleclaw Midstream Ventures,llc (gathers it, until Jun 16, 2025); Eagleclaw Midstream Ventures,llc (buys it, until Jun 16, 2025); Oryx Delaware Oil Transport LLC (gathers it, until Jun 16, 2025).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

640 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
1
First completion
May 5, 2014
Latest permit
Jan 28, 2014
Wells and acres on the permits for Rhoads
API numberWell no.Acreson the permit
42-389-341051H640

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What Permian Resources Corporation told investors it received

Permian Resources Operating, LLC is linked to Permian Resources Corporation (PR). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

Compare with the price on my stub

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says RHOADS sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for RHOADS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Permian Resources125087000$80.46$2.89
Jun 2026Permian Resources12017677700$84.81$3.15
May 2026Permian Resources12817686200$102.13$2.94
Apr 2026Permian Resources80083200$100.32$2.77
Mar 2026Permian Resources66080000$91.38$3.04
Feb 2026Permian Resources12017778600$64.51$3.62
Jan 2026Permian Resources7817780400$60.04$7.72
Dec 2025Permian Resources860917470$57.97$4.26
Nov 2025Permian Resources84075600$60.06$3.79
Oct 2025Permian Resources8935784200$60.89$3.19
Sep 2025Permian Resources8901,0712560$63.96$2.97
Aug 2025Permian Resources76084000$64.86$2.91
Jul 2025Permian Resources97085900$68.39$3.20
Jun 2025Permian Resources12835479700$68.17$3.02
May 2025Permian Resources109086100$62.17$3.12
Apr 2025Permian Resources1421781,2441424$63.54$3.42
Mar 2025Permian Resources134084200$68.24$4.12
Feb 2025Permian Resources15034878600$71.53$4.19
Jan 2025Permian Resources203086600$75.74$4.13
Dec 2024Permian Resources3087000$70.12$3.01
Nov 2024Permian Resources22078600$69.95$2.12
Oct 2024Permian Resources18035887000$71.99$2.20
Sep 2024Permian Resources178075800$70.24$2.28
Aug 2024Permian Resources23053478600$76.68$1.99
Jul 2024Permian Resources187075800$81.80$2.07
Jun 2024Permian Resources1984484200$79.77$2.54
May 2024Permian Resources20431987000$80.02$2.12
Apr 2024Permian Resources18514373000$85.35$1.60
Mar 2024Permian Resources20726075800$81.28$1.49
Feb 2024Permian Resources16416178600$77.25$1.72
Jan 2024Permian Resources18915984200$74.15$3.18
Dec 2023Permian Resources21416987000$71.90$2.52
Nov 2023Permian Resources23936284200$77.69$2.71
Oct 2023Permian Resources22516987000$85.64$2.98
Sep 2023Permian Resources22325982800$89.43$2.64
Aug 2023Permian Resources25728981400$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

Check your statements

Do your checks match this lease?

Upload your statements for RHOADS. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Permian Resources Operating, LLC.

Check my statementTry a sample owner
  • A month that was never paid
  • Your share of the barrels and mcf
  • The price against WTI and Henry Hub
  • Fees taken on gas
  • Late payment interest

Around this lease

Walk the neighborhood

Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorPermian Resources Operating, LLCFieldPhantom (Wolfcamp)CountyReeves County

Permian Resources Operating, LLC in Reeves County

All Permian Resources Operating, LLC leases →

Phantom (Wolfcamp) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 46939, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.