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TREES STATE 51-54-E

Trees State 51-54-E is an oil lease in Pecos County, Texas, operated by Continental Resources, Inc. in the Phantom (Wolfcamp) field.

1 well

28,904bbl oil, last 12 months−13% vs prior year
Operator
Continental Resources, Inc.
County
Pecos County
Field
Phantom (Wolfcamp)
RRC lease
08-55171

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County
Gas, last 12 months
86,234 mcf
Oil in Jul 2026
2,293 bbl

Production by month

Oil output fell 13% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for TREES STATE 51-54-E, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 28,904 bbl in the 12 months through Jul 2026, against 33,357 bbl in the 12 months before.Last 12 months: 28,904 bblbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for TREES STATE 51-54-E, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 28,904 bbl in the 12 months through Jul 2026, against 33,357 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

86% of the gas went to a processing plant in the last 12 months

Flaring peaked at 56.0% of the gas in Jun 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
86% of the gas went to a processing plant in the last 12 monthsShare of TREES STATE 51-54-E gas by disposition code each month, Aug 2023 to Jul 2026. 86% of the gas went to a processing plant in the last 12 months. Flaring peaked at 56.0% of the gas in Jun 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 56.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
86% of the gas went to a processing plant in the last 12 monthsShare of TREES STATE 51-54-E gas by disposition code each month, Aug 2023 to Jul 2026. 86% of the gas went to a processing plant in the last 12 months. Flaring peaked at 56.0% of the gas in Jun 2024.Share of gas by disposition code0%50%100%Flared 56.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    86% · 74,504 mcf

  • Lease fuel (1)

    11% · 9,505 mcf

  • Flared (4)

    2.6% · 2,225 mcf

2.6% of the gas flared in the last 12 months. 19 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.

1 well on this lease

Wells on TREES STATE 51-54-E
API numberWell no.Status
42-371-397144309HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Mar 7, 2019
Brazos Midstream Operating, LLCCasinghead gasBuys100Mar 7, 2019
Brazos Midstream Operating, LLCCasinghead gasGathers100Mar 7, 2019

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 Trees State 51-54-E
API numberWell no.Acreson the permit
42-371-397144309H800

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 STATE 51-54-E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Continental Resources,2,2932,2576,9756,2140$80.46$2.89
Jun 2026Continental Resources,2,0882,1127,2375,927553$84.81$3.15
May 2026Continental Resources,2,5242,5108,5797,7360$102.13$2.94
Apr 2026Continental Resources,2,5872,6758,7557,9430$100.32$2.77
Mar 2026Continental Resources,2,4192,4067,4386,53463$91.38$3.04
Feb 2026Continental Resources,2,2572,1576,4275,190510$64.51$3.62
Jan 2026Continental Resources,2,1292,1415,7244,538463$60.04$7.72
Dec 2025Continental Resources,2,4662,4727,1956,086284$57.97$4.26
Nov 2025Continental Resources,2,4162,4876,2255,204208$60.06$3.79
Oct 2025Continental Resources,2,3732,3736,8676,1110$60.89$3.19
Sep 2025Continental Resources,2,5812,5877,2746,4610$63.96$2.97
Aug 2025Continental Resources,2,7712,7887,5386,560144$64.86$2.91
Jul 2025Continental Resources,2,7282,7057,0426,15073$68.39$3.20
Jun 2025Continental Resources,2,5772,7096,7135,630340$68.17$3.02
May 2025Continental Resources,2,8452,6527,0136,1530$62.17$3.12
Apr 2025Continental Resources,2,8362,8497,1065,954331$63.54$3.42
Mar 2025Continental Resources,2,9522,9027,1076,2610$68.24$4.12
Feb 2025Continental Resources,1,9201,9744,3393,7880$71.53$4.19
Jan 2025Continental Resources,2,6962,6669,3574,2644,233$75.74$4.13
Dec 2024Continental Resources,2,9802,9708,1517,27134$70.12$3.01
Nov 2024Continental Resources,3,1143,2707,5736,565642$69.95$2.12
Oct 2024Continental Resources,3,0672,9406,6345,850402$71.99$2.20
Sep 2024Continental Resources,2,6562,6515,6645,3080$70.24$2.28
Aug 2024Continental Resources,2,9862,9836,0405,6690$76.68$1.99
Jul 2024Continental Resources,2,9682,9256,3115,154785$81.80$2.07
Jun 2024Continental Resources,2,7802,7807,6803,0414,304$79.77$2.54
May 2024Continental Resources,2,9222,9195,5344,897291$80.02$2.12
Apr 2024Continental Resources,3,0122,9966,2605,81482$85.35$1.60
Mar 2024Continental Resources,2,8442,8494,8904,042480$81.28$1.49
Feb 2024Continental Resources,3,0083,0599,1968,373332$77.25$1.72
Jan 2024Continental Resources,2,9852,9365,6314,666527$74.15$3.18
Dec 2023Continental Resources,3,1243,1598,4156,816899$71.90$2.52
Nov 2023Continental Resources,2,9602,9356,2505,568200$77.69$2.71
Oct 2023Continental Resources,3,3823,3927,5716,781300$85.64$2.98
Sep 2023Continental Resources,3,3853,3867,4676,87897$89.43$2.64
Aug 2023Continental Resources,3,5393,5697,7957,29530$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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This lease belongs to

OperatorContinental Resources, Inc.FieldPhantom (Wolfcamp)CountyPecos County

Continental Resources, Inc. in Pecos County

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Phantom (Wolfcamp) field

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