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Texas oil lease

Producing

STATE-JUDGE 48-3 BN XXXIII

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

1 well

91,967bbl oil, last 12 months
RRC lease
08-63006

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
157,783 mcf
Oil in Jul 2026
6,012 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 47% since Mar 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 47% since Mar 2025Monthly oil production and gas for STATE-JUDGE 48-3 BN XXXIII, Mar 2025 to Jul 2026. Oil output fell 47% since Mar 2025. Monthly average of 6,397 bbl in the latest 3 months, against 12,083 bbl in the first 3.bbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kApr 25JulOctJan 26AprJul
Oil output fell 47% since Mar 2025Monthly oil production and gas for STATE-JUDGE 48-3 BN XXXIII, Mar 2025 to Jul 2026. Oil output fell 47% since Mar 2025. Monthly average of 6,397 bbl in the latest 3 months, against 12,083 bbl in the first 3.bbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kJul 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 XXXIII 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 XXXIII 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% · 124,923 mcf

  • Lease fuel (1)

    14% · 22,480 mcf

  • Flared (4)

    6.6% · 10,380 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 XXXIII
API numberWell no.Status
42-301-3703533HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Pipeline L.p.OilGathers100Nov 23, 2024–
Oneok Midland Midstream, LLCCasinghead gasBuys100Apr 1, 2026–
Enlink Permian, LLCCasinghead gasGathers100Nov 23, 2024–
Delaware G&p LLCCasinghead gasBuys100Nov 23, 2024Apr 1, 2026

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

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 Xxxiii
API numberWell no.Acreson the permit
42-301-3703533H1,308.62

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

Estimate your royalty

17 months, newest first

Ledger for STATE-JUDGE 48-3 BN XXXIII
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266,0126,03110,6138,790451$80.46$2.89
Jun 20266,3106,31011,7829,1501,204$84.81$3.15
May 20266,8696,85013,52210,812600$102.13$2.94
Apr 20267,3897,40412,1509,138684$100.32$2.77
Mar 20268,5088,61614,38410,5451,533$91.38$3.04
Feb 20266,7926,87510,7568,477823$64.51$3.62
Jan 20267,9807,89711,9739,337801$60.04$7.72
Dec 20257,7027,70013,25910,434763$57.97$4.26
Nov 20257,5107,51012,54610,400591$60.06$3.79
Oct 20257,8387,82712,0399,642892$60.89$3.19
Sep 20259,0149,04017,04713,7041,198$63.96$2.97
Aug 202510,0439,97717,71214,494840$64.86$2.91
Jul 202510,50710,51718,23614,989840$68.39$3.20
Jun 202511,55511,63419,33315,2211,302$68.17$3.02
May 202513,15813,16721,07916,7151,716$62.17$3.12
Apr 202514,15914,07422,01117,7421,854$63.54$3.42
Mar 20258,9338,62912,70510,673867$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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