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Texas oil lease

Producing

RODEO STATE 12

Rodeo State 12 is an oil lease in Reeves County, Texas, operated by Noble Energy Inc in the Phantom (Wolfcamp) field.

3 wells

7,600bbl oil, last 12 months+182% vs prior year
Operator
Noble Energy Inc
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-51682

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
24,892 mcf
Oil in Jul 2026
1,144 bbl

Production by month

Oil output rose 182% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 182% over the last 12 monthsMonthly oil production and gas for RODEO STATE 12, Aug 2023 to Jul 2026. Oil output rose 182% over the last 12 months. 7,600 bbl in the 12 months through Jul 2026, against 2,695 bbl in the 12 months before.Last 12 months: 7,600 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 182% over the last 12 monthsMonthly oil production and gas for RODEO STATE 12, Aug 2023 to Jul 2026. Oil output rose 182% over the last 12 months. 7,600 bbl in the 12 months through Jul 2026, against 2,695 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 35.1% of the gas in Sep 2024.

  • Processing plant (3)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of RODEO STATE 12 gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 35.1% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 35.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of RODEO STATE 12 gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 35.1% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Flared 35.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 24,958 mcf

  • Flared (4)

    1.2% · 306 mcf

1.2% of the gas flared in the last 12 months. 4 months above 3%.

3 wells on this lease

Wells on RODEO STATE 12
API numberWell no.Status
42-389-337081Shut-in
42-389-339702Shut-in
42-389-343383HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers20Oct 1, 2024–
Etp Crude LLCOilGathers20Oct 1, 2024–
Noble Energy INCOilGathers20Oct 1, 2024–
Oryx Delaware Oil Transport LLCOilGathers20Oct 1, 2024–
Plains Marketing, L.p.OilGathers20Oct 1, 2024–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers50Feb 1, 2019–
Noble Energy INCCasinghead gasGathers50Jan 1, 2023–
Noble Energy INCOilGathers100Jan 1, 2023Oct 1, 2024
Etc Texas P/L, LTDCasinghead gasBuys100Feb 1, 2019Oct 1, 2023
Noble Midstream Services, LLCCasinghead gasGathers50Feb 1, 2019Jan 1, 2023
Noble Midstream Services, LLCOilGathers100Feb 1, 2019Jan 1, 2023

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

Who buys my oilOil price check

320.09 acres on the newest permit

Permits for Rodeo State 12
API numberWell no.Acreson the permit
42-389-337081320.09
42-389-339702320.09
42-389-343383H320.09

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

Unit decimal checker

What Chevron Corporation told investors it received

Noble Energy Inc is linked to Chevron Corporation (CVX).
Realized prices reported by Chevron Corporation
QuarterOil$ per bblFiling
Q2 2026$99.38SEC filing
Q2 2026$95.66SEC filing
Q1 2026$80.12SEC filing
Q1 2026$68.83SEC filing
Q4 2025–SEC filing
Q4 2025–SEC filing

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

Estimate your royalty

36 months, newest first

Ledger for RODEO STATE 12
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,1441,0234,7394,68059$80.46$2.89
Jun 20261,5071,7226,9836,93350$84.81$3.15
May 20261,0898353,3213,23982$102.13$2.94
Apr 20263708507497481$100.32$2.77
Mar 202638201,00299012$91.38$3.04
Feb 202600000$64.51$3.62
Jan 20261967014234176$60.04$7.72
Dec 20259016922,0782,04830$57.97$4.26
Nov 20256513481,5001,47921$60.06$3.79
Oct 20252713521,0561,0479$60.89$3.19
Sep 20252121716146077$63.96$2.97
Aug 20258771,0242,4272,39829$64.86$2.91
Jul 2025003723720$68.39$3.20
Jun 2025148063621$68.17$3.02
May 202500000$62.17$3.12
Apr 20251,1421,1851,9241,89133$63.54$3.42
Mar 20250321281280$68.24$4.12
Feb 202500000$71.53$4.19
Jan 202512202432394$75.74$4.13
Dec 2024034460959217$70.12$3.01
Nov 20240022216656$69.95$2.12
Oct 20240105000$71.99$2.20
Sep 2024407508372413$70.24$2.28
Aug 202487604504500$76.68$1.99
Jul 202400000$81.80$2.07
Jun 20240046460$79.77$2.54
May 20240023230$80.02$2.12
Apr 202400000$85.35$1.60
Mar 202403476106100$81.28$1.49
Feb 202400000$77.25$1.72
Jan 2024186353000$74.15$3.18
Dec 20234315171,1451,13114$71.90$2.52
Nov 20234783411,0671,05116$77.69$2.71
Oct 202342250681278527$85.64$2.98
Sep 20231560000$89.43$2.64
Aug 20238121,1272,5632,239324$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

OperatorNoble Energy IncFieldPhantom (Wolfcamp)CountyReeves County

Noble Energy Inc in Reeves County

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