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Texas oil lease

Producing

TREES RANCH 35-38

Trees Ranch 35-38 is an oil lease in Pecos County, Texas, operated by Continental Resources, Inc. in the Phantom (Wolfcamp) field.

2 wells

46,495bbl oil, last 12 months−6% vs prior year
Operator
Continental Resources, Inc.
County
Pecos County
Field
Phantom (Wolfcamp)
RRC lease
08-51275

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County
Gas, last 12 months
60,855 mcf
Oil in Jul 2026
3,907 bbl

Production by month

Oil output fell 6% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for TREES RANCH 35-38, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 46,495 bbl in the 12 months through Jul 2026, against 49,319 bbl in the 12 months before.Last 12 months: 46,495 bblbbl per monthmcf per month002,0002,0004,0004,0006,0006,0008,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for TREES RANCH 35-38, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 46,495 bbl in the 12 months through Jul 2026, against 49,319 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,0004,0004,0006,0006,0008,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jun 2026 the lease's gas goes to lease fuel instead of a processing plant

Flaring peaked at 25.1% of the gas in Aug 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Jun 2026 the lease's gas goes to lease fuel instead of a processing plantShare of TREES RANCH 35-38 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 25.1% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jun 2026: plant to fuelFlared 25.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jun 2026 the lease's gas goes to lease fuel instead of a processing plantShare of TREES RANCH 35-38 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 25.1% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Jun 26: plant to fuelFlared 25.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    51% · 31,028 mcf

  • Lease fuel (1)

    46% · 28,184 mcf

  • Flared (4)

    2.7% · 1,643 mcf

2.7% of the gas flared in the last 12 months. 17 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Dec 2021

Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Nov 2021; Continental Resources, Inc., Dec 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Changed Dec 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to Nov 2021Continental Resources, Inc.Dec 2021 to now
Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Nov 2021; Continental Resources, Inc., Dec 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Changed Dec 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to Nov 2021Continental Resources, Inc.Dec 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on TREES RANCH 35-38
API numberWell no.Status
42-371-394874301HActive
42-371-394914101HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Mar 2, 2018
Brazos Midstream Operating, LLCCasinghead gasBuys100Mar 2, 2018
Brazos Midstream Operating, LLCCasinghead gasGathers100Mar 2, 2018

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

Who buys my oilOil price check

960 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.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Trees Ranch 35-38
API numberWell no.Acreson the permit
42-371-394914101H960
42-371-394874301H960

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

Unit decimal checker

What Continental Resources, Inc. told investors it received

Continental Resources, Inc. is linked to Continental Resources, Inc. (CLR).
Realized prices reported by Continental Resources, Inc.
QuarterOil$ per bblFiling
Q2 2026$96.81SEC filing
Q1 2026$71.54SEC filing
Q3 2025$65.11SEC filing
Q2 2025$62.52SEC filing
Q1 2025$70.26SEC filing
Q3 2024$74.80SEC filing

SourceContinental Resources, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for TREES RANCH 35-38
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Continental Resources,3,9074,0573,212748237$80.46$2.89
Jun 2026Continental Resources,3,4423,2153,291729324$84.81$3.15
May 2026Continental Resources,4,0324,0655,3942,92817$102.13$2.94
Apr 2026Continental Resources,3,9034,0104,6532,2890$100.32$2.77
Mar 2026Continental Resources,4,2674,2195,0072,47099$91.38$3.04
Feb 2026Continental Resources,4,0714,0704,7812,46056$64.51$3.62
Jan 2026Continental Resources,2,8952,7943,8901,9050$60.04$7.72
Dec 2025Continental Resources,4,3624,4236,0333,5520$57.97$4.26
Nov 2025Continental Resources,3,4883,5527,0764,603204$60.06$3.79
Oct 2025Continental Resources,3,9083,8215,6653,08662$60.89$3.19
Sep 2025Continental Resources,4,3374,3966,4733,878129$63.96$2.97
Aug 2025Continental Resources,3,8833,8335,3802,380515$64.86$2.91
Jul 2025Continental Resources,3,4703,7044,5822,12816$68.39$3.20
Jun 2025Continental Resources,4,4504,2595,6622,983242$68.17$3.02
May 2025Continental Resources,4,4044,3945,0742,47459$62.17$3.12
Apr 2025Continental Resources,4,1154,0164,5382,1190$63.54$3.42
Mar 2025Continental Resources,3,7223,6324,5062,03449$68.24$4.12
Feb 2025Continental Resources,2,9242,9693,8421,56870$71.53$4.19
Jan 2025Continental Resources,3,5113,5556,0853,064490$75.74$4.13
Dec 2024Continental Resources,4,2604,2816,4513,9380$70.12$3.01
Nov 2024Continental Resources,4,4334,4135,7005,1150$69.95$2.12
Oct 2024Continental Resources,5,6495,6827,0736,4760$71.99$2.20
Sep 2024Continental Resources,3,9583,9113,1642,422179$70.24$2.28
Aug 2024Continental Resources,4,4234,5773,1062,227289$76.68$1.99
Jul 2024Continental Resources,4,3004,1903,2392,6490$81.80$2.07
Jun 2024Continental Resources,4,8045,0183,8792,881437$79.77$2.54
May 2024Continental Resources,5,3985,1684,1543,259316$80.02$2.12
Apr 2024Continental Resources,3,7303,7082,8342,24040$85.35$1.60
Mar 2024Continental Resources,4,3874,3822,8592,122152$81.28$1.49
Feb 2024Continental Resources,4,8664,8052,4891,826110$77.25$1.72
Jan 2024Continental Resources,2,4622,4791,7081,001169$74.15$3.18
Dec 2023Continental Resources,3,8973,9802,6711,747338$71.90$2.52
Nov 2023Continental Resources,3,5233,8153,0832,406110$77.69$2.71
Oct 2023Continental Resources,4,6614,4056,2615,397237$85.64$2.98
Sep 2023Continental Resources,5,1885,0917,5456,380558$89.43$2.64
Aug 2023Continental Resources,4,2804,2763,5972,098902$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

OperatorContinental Resources, Inc.FieldPhantom (Wolfcamp)CountyPecos County

Continental Resources, Inc. in Pecos County

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