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VOLUNTEER STATE 54-36

Volunteer State 54-36 is an oil lease in Reeves County, Texas, operated by TRP Operating LLC in the Phantom (Wolfcamp) field.

3 wells

12,240bbl oil, last 12 months+16% vs prior year
Operator
TRP Operating LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-52110

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
440,109 mcf
Oil in Jul 2026
962 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: TRP Operating LLC took over from Diamondback E&P LLC in Feb 2025.

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

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Production by month

Oil output rose 16% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 16% over the last 12 monthsMonthly oil production and gas for VOLUNTEER STATE 54-36, Aug 2023 to Jul 2026. Oil output rose 16% over the last 12 months. 12,240 bbl in the 12 months through Jul 2026, against 10,568 bbl in the 12 months before.Last 12 months: 12,240 bblbbl per monthmcf per month0050020k1,00040k1,50060k2,00080kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 16% over the last 12 monthsMonthly oil production and gas for VOLUNTEER STATE 54-36, Aug 2023 to Jul 2026. Oil output rose 16% over the last 12 months. 12,240 bbl in the 12 months through Jul 2026, against 10,568 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050020k1,00040k1,50060k2,00080kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 5.8% of the gas in Dec 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of VOLUNTEER STATE 54-36 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 5.8% of the gas in Dec 2023.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2025: line to plantFlared 5.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of VOLUNTEER STATE 54-36 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 5.8% of the gas in Dec 2023.Share of gas by disposition code0%50%100%Nov 25: line to plantFlared 5.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    78% · 382,796 mcf

  • Lease fuel (1)

    14% · 67,506 mcf

  • Transmission line (2)

    8.0% · 39,315 mcf

  • Flared (4)

    0.2% · 800 mcf

0.2% of the gas flared in the last 12 months. One month above 3%.

Who has run this lease

The operator changed once, most recently in Feb 2025

Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Jan 2025; TRP Operating LLC, Feb 2025 to Jul 20262020202120222023202420252026Changed Feb 2025Diamondback E&P LLCJan 2020 to Jan 2025TRP Operating LLCFeb 2025 to now
Operators of this lease over timeDiamondback E&P LLC, Jan 2020 to Jan 2025; TRP Operating LLC, Feb 2025 to Jul 20262020202120222023202420252026Changed Feb 2025Diamondback E&P LLCJan 2020 to Jan 2025TRP Operating LLCFeb 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on VOLUNTEER STATE 54-36
API numberWell no.Status
42-389-37555656HActive
42-389-37570605HActive
42-389-37578654HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCOilGathers100Jan 1, 2021–
Vaquero Permian Processing LLCCasinghead gasBuys100Nov 3, 2018–
Vaquero Permian Processing LLCCasinghead gasGathers100Nov 3, 2018–
Oryx So. Delaware Ogt LLCOilGathers100Nov 3, 2018Jan 1, 2021

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

Who buys my oilOil price check

640 acres on the newest permit

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Permits for Volunteer State 54-36
API numberWell no.Acreson the permit
42-389-37578654H640
42-389-37570605H640
42-389-37555656H640

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for VOLUNTEER STATE 54-36
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026TRP Operating96295235,60530,2540$80.46$2.89
Jun 2026TRP Operating9721,42938,74533,2780$84.81$3.15
May 2026TRP Operating87853842,36436,5650$102.13$2.94
Apr 2026TRP Operating97497738,76933,1130$100.32$2.77
Mar 2026TRP Operating1,1031,15242,32535,795800$91.38$3.04
Feb 2026TRP Operating1,0381,00936,91031,6010$64.51$3.62
Jan 2026TRP Operating1,0691,08139,13233,3540$60.04$7.72
Dec 2025TRP Operating94488034,67729,2250$57.97$4.26
Nov 2025TRP Operating98396038,39532,8120$60.06$3.79
Oct 2025TRP Operating1,1021,148000$60.89$3.19
Sep 2025TRP Operating1,0661,17344,89439,3150$63.96$2.97
Aug 2025TRP Operating1,1491,10048,29342,4620$64.86$2.91
Jul 2025TRP Operating1,2671,22150,30844,3370$68.39$3.20
Jun 2025TRP Operating1,2591,42947,18241,6240$68.17$3.02
May 2025TRP Operating1,1701,00349,50243,6540$62.17$3.12
Apr 2025TRP Operating1,1741,21445,17239,6040$63.54$3.42
Mar 2025TRP Operating1,2561,26544,33838,5440$68.24$4.12
Feb 2025TRP Operating1,3201,36941,20735,8650$71.53$4.19
Jan 2025Diamondback E&P1,5381,72843,23038,6170$75.74$4.13
Dec 2024Diamondback E&P60727419,46818,5370$70.12$3.01
Nov 2024Diamondback E&P2592207,1566,5620$69.95$2.12
Oct 2024Diamondback E&P461386,4205,9610$71.99$2.20
Sep 2024Diamondback E&P40733516,40815,5220$70.24$2.28
Aug 2024Diamondback E&P26531112,58611,7750$76.68$1.99
Jul 2024Diamondback E&P43943712,02610,4470$81.80$2.07
Jun 2024Diamondback E&P62161523,93022,2720$79.77$2.54
May 2024Diamondback E&P37335813,36012,6790$80.02$2.12
Apr 2024Diamondback E&P1,1361,16540,35336,0450$85.35$1.60
Mar 2024Diamondback E&P1,5021,53152,38146,5960$81.28$1.49
Feb 2024Diamondback E&P1,2431,19444,65840,1210$77.25$1.72
Jan 2024Diamondback E&P1,3181,34147,71342,1590$74.15$3.18
Dec 2023Diamondback E&P1,3921,46745,27837,4342,612$71.90$2.52
Nov 2023Diamondback E&P1,4361,53442,70037,0790$77.69$2.71
Oct 2023Diamondback E&P1,2561,24844,66444,0920$85.64$2.98
Sep 2023Diamondback E&P1,1211,04338,36238,3620$89.43$2.64
Aug 2023Diamondback E&P1,1971,32934,09134,0910$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

OperatorTRP Operating LLCFieldPhantom (Wolfcamp)CountyReeves County

TRP Operating LLC in Reeves County

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Phantom (Wolfcamp) field

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