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Texas oil lease

Producing

UTL 4231K

Utl 4231K is an oil lease in Winkler County, Texas, operated by Continental Resources, Inc. in the Phantom (Wolfcamp) field.

1 well

179,849bbl oil, last 12 months
Operator
Continental Resources, Inc.
County
Winkler County
Field
Phantom (Wolfcamp)
RRC lease
08-63913

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
200,472 mcf
Oil in Jul 2026
7,539 bbl

Production by month

Oil output fell 69% since Jul 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 69% since Jul 2025Monthly oil production and gas for UTL 4231K, Jul 2025 to Jul 2026. Oil output fell 69% since Jul 2025. Monthly average of 8,895 bbl in the latest 3 months, against 28,973 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 25OctJan 26AprJul
Oil output fell 69% since Jul 2025Monthly oil production and gas for UTL 4231K, Jul 2025 to Jul 2026. Oil output fell 69% since Jul 2025. Monthly average of 8,895 bbl in the latest 3 months, against 28,973 bbl in the first 3.bbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 5.1% of the gas in Sep 2025.

  • Processing plant (3)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of UTL 4231K gas by disposition code each month, Jul 2025 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 5.1% of the gas in Sep 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 5.1%Jul 25OctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of UTL 4231K gas by disposition code each month, Jul 2025 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 5.1% of the gas in Sep 2025.Share of gas by disposition code0%50%100%Flared 5.1%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 198,005 mcf

  • Flared (4)

    1.2% · 2,467 mcf

1.2% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on UTL 4231K
API numberWell no.Status
42-495-350104311HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Jun 11, 2025
Targa Delaware LLCCasinghead gasBuys100Jun 11, 2025
Targa Delaware LLCCasinghead gasGathers100Jun 11, 2025

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

Who buys my oilOil price check

961.05 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 production sharing agreement well is on this lease

    A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives your land.

Check your decimal on this lease
Permits for Utl 4231K
API numberWell no.Acreson the permit
42-495-350104311H961.05

SourceRailroad Commission drilling permits, Oct 3, 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

13 months, newest first

Ledger for UTL 4231K
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20267,5397,5588,6928,6920$80.46$2.89
Jun 20269,0389,01010,35310,3530$84.81$3.15
May 202610,10910,08611,65511,6550$102.13$2.94
Apr 202611,20911,19012,76612,540226$100.32$2.77
Mar 202610,83610,88812,30312,3030$91.38$3.04
Feb 202610,68610,65712,02712,01116$64.51$3.62
Jan 202613,40313,40014,93814,684254$60.04$7.72
Dec 202515,24815,30916,90616,87729$57.97$4.26
Nov 202517,73117,67820,66120,354307$60.06$3.79
Oct 202522,22822,30224,71224,455257$60.89$3.19
Sep 202522,47022,48824,51923,2771,242$63.96$2.97
Aug 202529,35229,42330,94030,804136$64.86$2.91
Jul 202535,09634,82335,71934,989730$68.39$3.20

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)CountyWinkler County

Continental Resources, Inc. in Winkler County

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Phantom (Wolfcamp) field

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