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Texas oil lease

Producing

UTL 0708K

Utl 0708K is an oil lease in Ward County, Texas, operated by Continental Resources, Inc. in the Phantom (Wolfcamp) field.

1 well

55,873bbl oil, last 12 months−38% vs prior year
Operator
Continental Resources, Inc.
County
Ward County
Field
Phantom (Wolfcamp)
RRC lease
08-60936

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
61,141 mcf
Oil in Jul 2026
5,747 bbl

Production by month

Oil output fell 38% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for UTL 0708K, Nov 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 55,873 bbl in the 12 months through Jul 2026, against 90,166 bbl in the 12 months before.Last 12 months: 55,873 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for UTL 0708K, Nov 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 55,873 bbl in the 12 months through Jul 2026, against 90,166 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 29.6% of the gas in Nov 2023.

  • Processing plant (3)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of UTL 0708K gas by disposition code each month, Nov 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 29.6% of the gas in Nov 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 29.6%Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of UTL 0708K gas by disposition code each month, Nov 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 29.6% of the gas in Nov 2023.Share of gas by disposition code0%50%100%Flared 29.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 68,228 mcf

  • Flared (4)

    0.1% · 45 mcf

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

1 well on this lease

Wells on UTL 0708K
API numberWell no.Status
42-475-385490711HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Nov 21, 2023
Energy Transfer CompanyCasinghead gasBuys50Nov 21, 2023
Targa Delaware LLCCasinghead gasBuys50Nov 21, 2023
Energy Transfer CompanyCasinghead gasGathers50Nov 21, 2023
Targa Delaware LLCCasinghead gasGathers50Nov 21, 2023

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

Who buys my oilOil price check

961 acres on the newest permit

A production sharing agreement well is on this lease

Permits for Utl 0708K
API numberWell no.Acreson the permit
42-475-385490711H961

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

33 months, newest first

Ledger for UTL 0708K
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265,7475,8046,1116,1110$80.46$2.89
Jun 20266,3106,2395,9035,9030$84.81$3.15
May 20263,0873,0351,8361,8360$102.13$2.94
Apr 2026047000$100.32$2.77
Mar 20264,1604,2066,2946,2868$91.38$3.04
Feb 20265,4115,4187,3997,3963$64.51$3.62
Jan 20266,1376,0816,2326,2293$60.04$7.72
Dec 20255,1935,2154,8074,8061$57.97$4.26
Nov 20254,5554,5495,0075,0070$60.06$3.79
Oct 20254,9994,9905,6965,6888$60.89$3.19
Sep 20254,9084,9105,6975,6961$63.96$2.97
Aug 20255,3665,3596,1596,14019$64.86$2.91
Jul 20255,8035,8177,1327,1302$68.39$3.20
Jun 20255,6905,6887,7957,78312$68.17$3.02
May 20256,6096,7008,4028,38715$62.17$3.12
Apr 20258,0908,0478,3908,3873$63.54$3.42
Mar 20257,6117,6499,9399,9363$68.24$4.12
Feb 20257,8797,9169,6359,62213$71.53$4.19
Jan 20258,9128,85813,43213,4284$75.74$4.13
Dec 20249,8099,77913,75313,7530$70.12$3.01
Nov 20247,9898,0178,3948,3940$69.95$2.12
Oct 20248,6558,5607,4437,4430$71.99$2.20
Sep 20245,1145,1414,5744,5740$70.24$2.28
Aug 20248,0058,0427,4277,4270$76.68$1.99
Jul 20249,6069,6149,2599,2563$81.80$2.07
Jun 202411,13611,16911,58911,5890$79.77$2.54
May 202415,05815,08415,65315,59756$80.02$2.12
Apr 202416,30316,33116,71716,332385$85.35$1.60
Mar 202420,02719,92316,93416,661273$81.28$1.49
Feb 202416,78416,83216,64016,497143$77.25$1.72
Jan 202426,71926,81624,83824,188650$74.15$3.18
Dec 202340,01940,16135,84935,662187$71.90$2.52
Nov 20235,8405,4683,3512,360991$77.69$2.71

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

OperatorContinental Resources, Inc.FieldPhantom (Wolfcamp)CountyWard County

Continental Resources, Inc. in Ward County

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Phantom (Wolfcamp) field

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