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Texas oil lease

Producing

STEPHENS B

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

1 well

13,337bbl oil, last 12 months−9% vs prior year
Operator
Permian Resources Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-54270

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
85,417 mcf
Oil in Jul 2026
1,155 bbl

Production by month

Oil output fell 9% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for STEPHENS B, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 13,337 bbl in the 12 months through Jul 2026, against 14,582 bbl in the 12 months before.Last 12 months: 13,337 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for STEPHENS B, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 13,337 bbl in the 12 months through Jul 2026, against 14,582 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2026 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 10.8% of the gas in Nov 2023.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Apr 2026 the lease's gas goes to a transmission line instead of lease fuelShare of STEPHENS B gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 10.8% of the gas in Nov 2023.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2026: fuel to lineFlared 10.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2026 the lease's gas goes to a transmission line instead of lease fuelShare of STEPHENS B gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 10.8% of the gas in Nov 2023.Share of gas by disposition code0%50%100%Apr 26: fuel to lineFlared 10.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    78% · 66,455 mcf

  • Lease fuel (1)

    22% · 18,962 mcf

Who has run this lease

The operator changed once, most recently in Jan 2023

Operators of this lease over timeCentennial Resource Prod, LLC, Apr 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 2026202120222023202420252026Changed Jan 2023Centennial Resource Prod, LLCApr 2020 to Dec 2022Permian Resources Operating,…Jan 2023 to now
Operators of this lease over timeCentennial Resource Prod, LLC, Apr 2020 to Dec 2022; Permian Resources Operating, LLC, Jan 2023 to Jul 2026202120222023202420252026Changed Jan 2023Centennial Resource Prod, LLCApr 2020 to Dec 2022Permian Resources Operating, LLCJan 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on STEPHENS B
API numberWell no.Status
42-389-38604U 06HActive

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 gasGathers100Apr 16, 2020May 1, 2026
Eagleclaw Midstream Ventures,llcCasinghead gasBuys100Apr 16, 2020May 1, 2026
Oryx Delaware Oil Transport LLCOilGathers100Apr 16, 2020May 1, 2026

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

Who buys my oilOil price check

800 acres on the newest permit

An allocation well is on this lease

Permits for Stephens B
API numberWell no.Acreson the permit
42-389-38604U 06H800

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 STEPHENS B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources1,1551,1946,6905,2670$80.46$2.89
Jun 2026Permian Resources1,1861,1339,0477,3320$84.81$3.15
May 2026Permian Resources1,2841,2919,5908,0640$102.13$2.94
Apr 2026Permian Resources1,2751,30510,1048,3920$100.32$2.77
Mar 2026Permian Resources1,2281,2282,2958160$91.38$3.04
Feb 2026Permian Resources1,0241,0118,3176,9950$64.51$3.62
Jan 2026Permian Resources1,0711,0846,3194,8860$60.04$7.72
Dec 2025Permian Resources1,0741,0415,3753,6470$57.97$4.26
Nov 2025Permian Resources1,0281,0106,0784,5490$60.06$3.79
Oct 2025Permian Resources9639156,2684,4500$60.89$3.19
Sep 2025Permian Resources9861,0327,3505,6090$63.96$2.97
Aug 2025Permian Resources1,0631,0547,9846,4480$64.86$2.91
Jul 2025Permian Resources1,0891,1057,1485,8430$68.39$3.20
Jun 2025Permian Resources1,1371,0827,0525,6630$68.17$3.02
May 2025Permian Resources1,1031,1586,3635,3680$62.17$3.12
Apr 2025Permian Resources1,1931,1586,7935,3490$63.54$3.42
Mar 2025Permian Resources1,2371,2468,0456,9280$68.24$4.12
Feb 2025Permian Resources1,1611,2018,7397,6680$71.53$4.19
Jan 2025Permian Resources1,2681,2128,6157,4010$75.74$4.13
Dec 2024Permian Resources1,3391,3599,3108,2800$70.12$3.01
Nov 2024Permian Resources1,3591,3107,3206,5050$69.95$2.12
Oct 2024Permian Resources1,1751,1926,6775,7770$71.99$2.20
Sep 2024Permian Resources1,2471,2876,5085,7520$70.24$2.28
Aug 2024Permian Resources1,2741,2156,2965,5270$76.68$1.99
Jul 2024Permian Resources1,2401,2726,3815,6010$81.80$2.07
Jun 2024Permian Resources1,1721,1915,8075,0030$79.77$2.54
May 2024Permian Resources1,0079575,0724,3120$80.02$2.12
Apr 2024Permian Resources8799654,2033,50127$85.35$1.60
Mar 2024Permian Resources1,1871,1396,7565,6230$81.28$1.49
Feb 2024Permian Resources1,6631,64513,79212,7580$77.25$1.72
Jan 2024Permian Resources1,6311,70613,38012,3900$74.15$3.18
Dec 2023Permian Resources1,7961,74824,92523,5300$71.90$2.52
Nov 2023Permian Resources1,6821,70915,13612,4531,628$77.69$2.71
Oct 2023Permian Resources1,7231,69515,47814,2740$85.64$2.98
Sep 2023Permian Resources1,8291,83214,38113,2760$89.43$2.64
Aug 2023Permian Resources1,9811,97215,00113,9370$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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