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Texas oil lease

Producing

SHELBY STATE

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

3 wells

12,403bbl oil, last 12 months−50% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-48633

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
20,822 mcf
Oil in Jul 2026
831 bbl

Production by month

Oil output fell 50% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 50% over the last 12 monthsMonthly oil production and gas for SHELBY STATE, Aug 2023 to Jul 2026. Oil output fell 50% over the last 12 months. 12,403 bbl in the 12 months through Jul 2026, against 25,037 bbl in the 12 months before.Last 12 months: 12,403 bblbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,0005,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 50% over the last 12 monthsMonthly oil production and gas for SHELBY STATE, Aug 2023 to Jul 2026. Oil output fell 50% over the last 12 months. 12,403 bbl in the 12 months through Jul 2026, against 25,037 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

All of the gas went to a transmission line in the last 12 months

Flaring peaked at 8.2% of the gas in Sep 2023.

  • Transmission line (2)
  • Flared (4)
All of the gas went to a transmission line in the last 12 monthsShare of SHELBY STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months. Flaring peaked at 8.2% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 8.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of SHELBY STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months. Flaring peaked at 8.2% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Flared 8.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

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.

3 wells on this lease

Wells on SHELBY STATE
API numberWell no.Status
42-389-344521HActive
42-389-353122HActive
42-389-353423HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers49May 1, 2026–
Plains Pipeline L.p.OilGathers49May 1, 2026–
Enterprise Crude Oil LLCOilGathers2May 1, 2026–
Kinetik Holdings LPCasinghead gasBuys100May 1, 2026–
Kinetik Holdings LPCasinghead gasGathers100May 1, 2026–
Eagleclaw Midstream Ventures,llcCasinghead gasGathers100Dec 15, 2015May 1, 2026
Eagleclaw Midstream Ventures,llcCasinghead gasBuys100Dec 15, 2015May 1, 2026
Oryx Delaware Oil Transport LLCOilGathers100Jan 1, 2020May 1, 2026
Oryx So. Delaware Ogt LLCOilGathers100Dec 15, 2015Jan 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 Shelby State
API numberWell no.Acreson the permit
42-389-353122H640
42-389-353423H640
42-389-344521H640

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 SHELBY STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources8317991,0021,0020$80.46$2.89
Jun 2026Permian Resources7908031,0281,0280$84.81$3.15
May 2026Permian Resources7126401,0271,0270$102.13$2.94
Apr 2026Permian Resources8789491,1661,1660$100.32$2.77
Mar 2026Permian Resources7587081,1441,1440$91.38$3.04
Feb 2026Permian Resources6439919279270$64.51$3.62
Jan 2026Permian Resources6846091,0311,0310$60.04$7.72
Dec 2025Permian Resources8017342,5082,5080$57.97$4.26
Nov 2025Permian Resources1,2111,3812,2302,2300$60.06$3.79
Oct 2025Permian Resources1,8511,8043,1633,1630$60.89$3.19
Sep 2025Permian Resources1,4461,3402,6512,6510$63.96$2.97
Aug 2025Permian Resources1,7981,7982,9452,9450$64.86$2.91
Jul 2025Permian Resources1,8011,8152,8572,8570$68.39$3.20
Jun 2025Permian Resources1,8751,8892,7972,7970$68.17$3.02
May 2025Permian Resources1,8151,8032,6102,6100$62.17$3.12
Apr 2025Permian Resources1,9322,0132,7532,7530$63.54$3.42
Mar 2025Permian Resources2,2192,1962,7052,7050$68.24$4.12
Feb 2025Permian Resources2,3412,1862,5902,5900$71.53$4.19
Jan 2025Permian Resources4063812982980$75.74$4.13
Dec 2024Permian Resources2,6362,8533,4643,4640$70.12$3.01
Nov 2024Permian Resources2,4132,4773,3843,3840$69.95$2.12
Oct 2024Permian Resources2,5912,5943,7513,7510$71.99$2.20
Sep 2024Permian Resources2,4732,1833,5483,5480$70.24$2.28
Aug 2024Permian Resources2,5352,7614,1594,1590$76.68$1.99
Jul 2024Permian Resources2,5472,6593,2623,2620$81.80$2.07
Jun 2024Permian Resources2,4202,3672,9532,9530$79.77$2.54
May 2024Permian Resources3,0192,9213,8553,8550$80.02$2.12
Apr 2024Permian Resources3,4003,3673,9913,97516$85.35$1.60
Mar 2024Permian Resources3,5263,6234,3154,3150$81.28$1.49
Feb 2024Permian Resources3,3843,1444,4584,41741$77.25$1.72
Jan 2024Permian Resources3,8153,9164,8724,8720$74.15$3.18
Dec 2023Permian Resources3,7443,8665,0005,0000$71.90$2.52
Nov 2023Permian Resources4,1294,0184,6544,6540$77.69$2.71
Oct 2023Permian Resources3,6763,5894,4234,4230$85.64$2.98
Sep 2023Permian Resources4,1604,4894,7574,366391$89.43$2.64
Aug 2023Permian Resources4,4574,2554,2864,2860$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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