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Texas oil lease

Producing

TORO 32 STATE

Toro 32 State is an oil lease in Reeves County, Texas, operated by Chevron U. S. A. Inc. in the Wolfbone (Trend Area) field.

1 well

3,227bbl oil, last 12 months−34% vs prior year
Operator
Chevron U. S. A. Inc.
County
Reeves County
Field
Wolfbone (Trend Area)
RRC lease
08-47266

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
1,088 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: CHEVRON U. S. A. INC. replaced OXY USA WTP LP as the buyer of this lease's gas from oil wells on Aug 2, 2025.

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

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Production by month

Oil output fell 34% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for TORO 32 STATE, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 3,227 bbl in the 12 months through Jul 2026, against 4,870 bbl in the 12 months before.Last 12 months: 3,227 bblbbl per monthmcf per month005002,5001,0005,0001,5007,5002,00010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for TORO 32 STATE, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 3,227 bbl in the 12 months through Jul 2026, against 4,870 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,5001,0005,0001,5007,5002,00010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 11.6% of the gas in Sep 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuelShare of TORO 32 STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 11.6% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: fuel to plantFlared 11.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuelShare of TORO 32 STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 11.6% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Nov 23: fuel to plantFlared 11.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 1,241 mcf

  • Flared (4)

    0.1% · 1 mcf

0.1% of the gas flared in the last 12 months. 3 months above 3%.

Who has run this lease

The operator changed once, most recently in Nov 2023

Operators of this lease over timeElk River Resources, LLC, Jan 2020 to Oct 2023; Chevron U. S. A. Inc., Nov 2023 to Jul 20262020202120222023202420252026Changed Nov 2023Elk River Resources, LLCJan 2020 to Oct 2023Chevron U. S. A. Inc.Nov 2023 to now
Operators of this lease over timeElk River Resources, LLC, Jan 2020 to Oct 2023; Chevron U. S. A. Inc., Nov 2023 to Jul 20262020202120222023202420252026Changed Nov 2023Elk River Resources, LLCJan 2020 to Oct 2023Chevron U. S. A. Inc.Nov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on TORO 32 STATE
API numberWell no.Status
42-389-345951HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Aug 2, 2025–
Energy Transfer CompanyCasinghead gasBuys90Aug 2, 2025–
Chevron U. S. A. Inc.Casinghead gasBuys10Aug 2, 2025–
Energy Transfer CompanyCasinghead gasGathers90Aug 2, 2025–
Chevron U. S. A. Inc.Casinghead gasGathers10Aug 2, 2025–
Energy Transfer CompanyCasinghead gasGathers50Aug 1, 2025Aug 2, 2025
Oxy USA Wtp LPCasinghead gasGathers50Aug 1, 2025Aug 2, 2025
Energy Transfer CompanyCasinghead gasBuys50Aug 1, 2025Aug 2, 2025
Oxy USA Wtp LPCasinghead gasBuys50Aug 1, 2025Aug 2, 2025
Ngl Crude Assets and Mktg, LLCOilGathers50Aug 1, 2025Aug 2, 2025
Plains Pipeline L.p.OilGathers50Aug 1, 2025Aug 2, 2025

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

Who buys my oilOil price check

160 acres on the newest permit

Permits for Toro 32 State
API numberWell no.Acreson the permit
42-389-345951H160

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

Unit decimal checker

What Chevron Corporation told investors it received

Chevron U. S. A. 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 TORO 32 STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Chevron U.0036360$80.46$2.89
Jun 2026Chevron U.5276971021020$84.81$3.15
May 2026Chevron U.701534990$102.13$2.94
Apr 2026Chevron U.00000$100.32$2.77
Mar 2026Chevron U.22176000$91.38$3.04
Feb 2026Chevron U.00880$64.51$3.62
Jan 2026Chevron U.0090900$60.04$7.72
Dec 2025Chevron U.4935372072070$57.97$4.26
Nov 2025Chevron U.8587273133130$60.06$3.79
Oct 2025Chevron U.38302802800$60.89$3.19
Sep 2025Chevron U.1618426260$63.96$2.97
Aug 2025Chevron U.22717817161$64.86$2.91
Jul 2025Chevron U.0183000$68.39$3.20
Jun 2025Chevron U.0043430$68.17$3.02
May 2025Chevron U.782533000$62.17$3.12
Apr 2025Chevron U.001111110$63.54$3.42
Mar 2025Chevron U.001,0091,0090$68.24$4.12
Feb 2025Chevron U.8291,012000$71.53$4.19
Jan 2025Chevron U.0026260$75.74$4.13
Dec 2024Chevron U.2635301131130$70.12$3.01
Nov 2024Chevron U.1401,8561,8560$69.95$2.12
Oct 2024Chevron U.9838854,1744,1740$71.99$2.20
Sep 2024Chevron U.7777139,4709,4700$70.24$2.28
Aug 2024Chevron U.1,2221,3582,5902,5900$76.68$1.99
Jul 2024Chevron U.9038593,0173,0170$81.80$2.07
Jun 2024Chevron U.9401,0298,3018,3010$79.77$2.54
May 2024Chevron U.1,8941,7767,9257,9250$80.02$2.12
Apr 2024Chevron U.6828561801800$85.35$1.60
Mar 2024Chevron U.1,181802000$81.28$1.49
Feb 2024Chevron U.138170000$77.25$1.72
Jan 2024Chevron U.00000$74.15$3.18
Dec 2023Chevron U.20000$71.90$2.52
Nov 2023Chevron U.1713581241240$77.69$2.71
Oct 2023Elk River1,0871,263822830$85.64$2.98
Sep 2023Elk River1,1328781,027188119$89.43$2.64
Aug 2023Elk River1,1761,4161,9601,074213$81.39$2.58

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

OperatorChevron U. S. A. Inc.FieldWolfbone (Trend Area)CountyReeves County

Chevron U. S. A. Inc. in Reeves County

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Wolfbone (Trend Area) field

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