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Texas oil lease

Producing

STATE-JUDGE 48-3 BN XXXII

State-Judge 48-3 BN Xxxii is an oil lease in Loving County, Texas, operated by Circle-S Energy, LLC in the Sandbar (Bone Spring) field.

1 well

97,106bbl oil, last 12 months
Operator
Circle-S Energy, LLC
County
Loving County
Field
Sandbar (Bone Spring)
RRC lease
08-63000

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
187,481 mcf
Oil in Jul 2026
6,879 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ONEOK MIDLAND MIDSTREAM, LLC replaced DELAWARE G&P LLC as the buyer of this lease's gas from oil wells on Apr 1, 2026.

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

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Production by month

Oil output fell 57% since Mar 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 57% since Mar 2025Monthly oil production and gas for STATE-JUDGE 48-3 BN XXXII, Mar 2025 to Jul 2026. Oil output fell 57% since Mar 2025. Monthly average of 6,983 bbl in the latest 3 months, against 16,156 bbl in the first 3.bbl per monthmcf per month005,00010k10k20k15k30k20k40kApr 25JulOctJan 26AprJul
Oil output fell 57% since Mar 2025Monthly oil production and gas for STATE-JUDGE 48-3 BN XXXII, Mar 2025 to Jul 2026. Oil output fell 57% since Mar 2025. Monthly average of 6,983 bbl in the latest 3 months, against 16,156 bbl in the first 3.bbl per monthmcf per month005,00010k10k20k15k30k20k40kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

79% of the gas went to a processing plant in the last 12 months

Flaring peaked at 10.7% of the gas in Mar 2026.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
79% of the gas went to a processing plant in the last 12 monthsShare of STATE-JUDGE 48-3 BN XXXII gas by disposition code each month, Mar 2025 to Jul 2026. 79% of the gas went to a processing plant in the last 12 months. Flaring peaked at 10.7% of the gas in Mar 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 10.7%Apr 25JulOctJan 26AprJul
79% of the gas went to a processing plant in the last 12 monthsShare of STATE-JUDGE 48-3 BN XXXII gas by disposition code each month, Mar 2025 to Jul 2026. 79% of the gas went to a processing plant in the last 12 months. Flaring peaked at 10.7% of the gas in Mar 2026.Share of gas by disposition code0%50%100%Flared 10.7%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    79% · 148,746 mcf

  • Lease fuel (1)

    14% · 26,439 mcf

  • Flared (4)

    6.6% · 12,296 mcf

6.6% of the gas flared in the last 12 months. 17 months above 3%.

1 well on this lease

Wells on STATE-JUDGE 48-3 BN XXXII
API numberWell no.Status
42-301-3703332HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Pipeline L.p.OilGathers100Dec 11, 2024–
Oneok Midland Midstream, LLCCasinghead gasBuys100Apr 1, 2026–
Enlink Permian, LLCCasinghead gasGathers100Dec 11, 2024–
Delaware G&p LLCCasinghead gasBuys100Dec 11, 2024Apr 1, 2026

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

Who buys my oilOil price check

1,308.62 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for State-Judge 48-3 BN Xxxii
API numberWell no.Acreson the permit
42-301-3703332H1,308.62

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

Unit decimal checker

Estimate your royalty

17 months, newest first

Ledger for STATE-JUDGE 48-3 BN XXXII
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266,8796,91414,47012,010567$80.46$2.89
Jun 20267,3737,37317,19613,4921,621$84.81$3.15
May 20266,6976,66913,59810,857624$102.13$2.94
Apr 20269,1179,15013,52010,173735$100.32$2.77
Mar 20269,3209,43614,58310,6611,563$91.38$3.04
Feb 20267,6267,73413,55310,744952$64.51$3.62
Jan 20268,9328,78612,80710,028812$60.04$7.72
Dec 20256,3216,24916,60812,9991,045$57.97$4.26
Nov 20253,8343,54311,6459,771482$60.06$3.79
Oct 20256,9957,42314,70011,6761,268$60.89$3.19
Sep 202511,32411,33820,68616,6001,494$63.96$2.97
Aug 202512,68812,61024,11519,7351,133$64.86$2.91
Jul 202513,27213,28622,66018,6461,021$68.39$3.20
Jun 202514,22714,31625,37819,9791,697$68.17$3.02
May 202516,86516,90429,01423,0282,366$62.17$3.12
Apr 202519,04518,93230,27324,4652,487$63.54$3.42
Mar 202512,55712,16217,92315,0981,165$68.24$4.12

Flared above 3%

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

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Nearby

This lease belongs to

OperatorCircle-S Energy, LLCFieldSandbar (Bone Spring)CountyLoving County

Circle-S Energy, LLC in Loving County

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Sandbar (Bone Spring) field

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