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Texas oil lease

Producing

WAVLE "1205"

Wavle "1205" is an oil lease in Reagan County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

9 wells

1,201bbl oil, last 12 months−65% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-17812

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
1,553 mcf
Oil in Jul 2026
8 bbl

Production by month

Oil output fell 65% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 65% over the last 12 monthsMonthly oil production and gas for WAVLE "1205", Aug 2023 to Jul 2026. Oil output fell 65% over the last 12 months. 1,201 bbl in the 12 months through Jul 2026, against 3,395 bbl in the 12 months before.Last 12 months: 1,201 bblbbl per monthmcf per month002002504005006007508001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 65% over the last 12 monthsMonthly oil production and gas for WAVLE "1205", Aug 2023 to Jul 2026. Oil output fell 65% over the last 12 months. 1,201 bbl in the 12 months through Jul 2026, against 3,395 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002504005006007508001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 72.7% of the gas in Nov 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuelShare of WAVLE "1205" gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 72.7% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2024: fuel to plantFlared 72.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuelShare of WAVLE "1205" gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 72.7% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Mar 24: fuel to plantFlared 72.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 3,468 mcf

  • Flared (4)

    0.5% · 16 mcf

0.5% of the gas flared in the last 12 months. One month above 3%.

9 wells on this lease

Wells on WAVLE "1205"
API numberWell no.Status
42-383-374191Active
42-383-374202Active
42-383-374213Active
42-383-375084Shut-in
42-383-377825Active
42-383-378686Shut-in
42-383-379377Shut-in
42-383-379478Shut-in
42-383-384721DActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Rio Energy International, Inc.OilGathers100Sep 1, 2025–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Nov 1, 2015–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 1, 2015–
Plains Marketing, L.p.OilGathers100Jan 25, 2012Sep 1, 2025

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

Who buys my oilOil price check

644.70 acres on the newest permit

  • Good to know

    9 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Check your decimal on this lease
Permits for Wavle "1205"
API numberWell no.Acreson the permit
42-383-384721D644.70
42-383-379478644.70
42-383-379377644.70
42-383-378686644.70
42-383-377825644.70
42-383-375084644.70
42-383-374191644.70
42-383-374202644.70
42-383-374213644.70

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

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36 months, newest first

Ledger for WAVLE "1205"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026818420200$80.46$2.89
Jun 202636301631630$84.81$3.15
May 202600000$102.13$2.94
Apr 2026002782780$100.32$2.77
Mar 20260056560$91.38$3.04
Feb 202600000$64.51$3.62
Jan 202600000$60.04$7.72
Dec 202500000$57.97$4.26
Nov 20257936622616$60.06$3.79
Oct 20253681854484480$60.89$3.19
Sep 20253833675665660$63.96$2.97
Aug 202500000$64.86$2.91
Jul 202500000$68.39$3.20
Jun 20252483704004000$68.17$3.02
May 20254231813383380$62.17$3.12
Apr 202500000$63.54$3.42
Mar 20252363702092090$68.24$4.12
Feb 20252351803393390$71.53$4.19
Jan 20251961896456450$75.74$4.13
Dec 20243695538238230$70.12$3.01
Nov 20244063698098090$69.95$2.12
Oct 20244273718778770$71.99$2.20
Sep 20243843688198190$70.24$2.28
Aug 20244715489799790$76.68$1.99
Jul 202444735386860$81.80$2.07
Jun 20244393752942940$79.77$2.54
May 20244496909679670$80.02$2.12
Apr 20245013606986980$85.35$1.60
Mar 20245593737537530$81.28$1.49
Feb 202400000$77.25$1.72
Jan 202400000$74.15$3.18
Dec 202300000$71.90$2.52
Nov 202300000$77.69$2.71
Oct 202317536712400$85.64$2.98
Sep 2023335358140200$89.43$2.64
Aug 2023433362200760$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

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyReagan County

Pioneer Natural Res. USA, Inc. in Reagan County

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Spraberry (Trend Area) field

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