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Producing

Z&T 32

Z&T 32 is an oil lease in Loving County, Texas, operated by LRR Pecos Valley, LLC in the Phantom (Wolfcamp) field.

6 wells

11,538bbl oil, last 12 months−2% vs prior year
Operator
LRR Pecos Valley, LLC
County
Loving County
Field
Phantom (Wolfcamp)
RRC lease
08-50148

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
86,694 mcf
Oil in Jul 2026
1,171 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ONEOK MIDLAND MIDSTREAM, LLC replaced DELAWARE G&P LLC as the buyer of this lease's gas from oil wells on Jun 1, 2026.

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

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Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for Z&T 32, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 11,538 bbl in the 12 months through Jul 2026, against 11,723 bbl in the 12 months before.Last 12 months: 11,538 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for Z&T 32, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 11,538 bbl in the 12 months through Jul 2026, against 11,723 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

47% of the gas went to a transmission line in the last 12 months

Flaring peaked at 91.1% of the gas in Jun 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
47% of the gas went to a transmission line in the last 12 monthsShare of Z&T 32 gas by disposition code each month, Aug 2023 to Jul 2026. 47% of the gas went to a transmission line in the last 12 months. Flaring peaked at 91.1% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 91.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
47% of the gas went to a transmission line in the last 12 monthsShare of Z&T 32 gas by disposition code each month, Aug 2023 to Jul 2026. 47% of the gas went to a transmission line in the last 12 months. Flaring peaked at 91.1% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 91.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    47% · 40,738 mcf

  • Flared (4)

    44% · 38,254 mcf

  • Lease fuel (1)

    8.9% · 7,702 mcf

44.1% of the gas flared in the last 12 months. 33 months above 3%.

Who has run this lease

The operator changed once, most recently in Oct 2021

Operators of this lease over timeRosehill Operating Company, LLC, Jan 2020 to Sep 2021; LRR Pecos Valley, LLC, Oct 2021 to Jul 20262020202120222023202420252026Changed Oct 2021Rosehill Operating Company, L…Jan 2020 to Sep 2021LRR Pecos Valley, LLCOct 2021 to now
Operators of this lease over timeRosehill Operating Company, LLC, Jan 2020 to Sep 2021; LRR Pecos Valley, LLC, Oct 2021 to Jul 20262020202120222023202420252026Changed Oct 2021Rosehill Operating Company, LLCJan 2020 to Sep 2021LRR Pecos Valley, LLCOct 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

6 wells on this lease

Wells on Z&T 32
API numberWell no.Status
42-301-33682A001Active
42-301-33684B003Active
42-301-33686C001Active
42-301-34124E001Active
42-301-34125F002Active
42-301-34126G003Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Gateway Gathering & Mktg. Co.OilGathers70Jun 1, 2026–
Plains Marketing, L.p.OilGathers20Jun 1, 2026–
Rio Energy International, Inc.OilGathers10Jun 1, 2026–
Oneok Midland Midstream, LLCCasinghead gasBuys80Jun 1, 2026–
Energy Transfer CompanyCasinghead gasBuys20Jun 1, 2026–
Gateway Gathering & Mktg. Co.Casinghead gasGathers100Jan 1, 2020–
Delaware G&p LLCCasinghead gasBuys50Jan 1, 2020Jun 1, 2026
Energy Transfer CompanyCasinghead gasBuys50Jan 1, 2020Jun 1, 2026
Gateway Gathering & Mktg. Co.OilGathers25Sep 1, 2022Jun 1, 2026
Plains Marketing, L.p.OilGathers25Sep 1, 2022Jun 1, 2026
Rio Energy International, Inc.OilGathers50Sep 1, 2022Jun 1, 2026
Gateway Gathering & Mktg. Co.OilGathers90Jan 1, 2020Sep 1, 2022

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 Z&T 32
API numberWell no.Acreson the permit
42-301-34124E001640
42-301-34125F002640
42-301-34126G003640
42-301-33686C001640
42-301-33684B003640
42-301-33682A001640

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

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36 months, newest first

Ledger for Z&T 32
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026LRR Pecos1,1711,1659,5363,0785,937$80.46$2.89
Jun 2026LRR Pecos93791713,09375811,928$84.81$3.15
May 2026LRR Pecos1,1001,0545,8322825,062$102.13$2.94
Apr 2026LRR Pecos9179266,8014,2611,944$100.32$2.77
Mar 2026LRR Pecos9719726,1043,2622,131$91.38$3.04
Feb 2026LRR Pecos8688795,0033,2011,274$64.51$3.62
Jan 2026LRR Pecos9709755,7522,9542,378$60.04$7.72
Dec 2025LRR Pecos1,0381,0295,0212,9051,308$57.97$4.26
Nov 2025LRR Pecos1,0051,0037,3245,3321,072$60.06$3.79
Oct 2025LRR Pecos1,0861,1127,8684,9282,193$60.89$3.19
Sep 2025LRR Pecos6786486,6425,358564$63.96$2.97
Aug 2025LRR Pecos7978197,7184,4192,463$64.86$2.91
Jul 2025LRR Pecos1,0199868,7567,0341,103$68.39$3.20
Jun 2025LRR Pecos7657679,0256,4211,007$68.17$3.02
May 2025LRR Pecos79182511,5908,8751,733$62.17$3.12
Apr 2025LRR Pecos9119185,7883,4931,339$63.54$3.42
Mar 2025LRR Pecos8828909,6207,810675$68.24$4.12
Feb 2025LRR Pecos9389397,9916,647400$71.53$4.19
Jan 2025LRR Pecos1,1531,1408,1766,438933$75.74$4.13
Dec 2024LRR Pecos1,0249977,3266,506240$70.12$3.01
Nov 2024LRR Pecos1,1251,1047,1526,211122$69.95$2.12
Oct 2024LRR Pecos1,0321,0447,2915,919175$71.99$2.20
Sep 2024LRR Pecos1,1651,1706,6205,050333$70.24$2.28
Aug 2024LRR Pecos9188888,4776,861431$76.68$1.99
Jul 2024LRR Pecos1,0961,1279,2924,7213,348$81.80$2.07
Jun 2024LRR Pecos1,1531,1918,0666,078610$79.77$2.54
May 2024LRR Pecos1,5021,5109,9667,4111,050$80.02$2.12
Apr 2024LRR Pecos1,7451,7534,8729952,451$85.35$1.60
Mar 2024LRR Pecos1,4411,3795,1371,0762,379$81.28$1.49
Feb 2024LRR Pecos1,3581,3482,6072861,669$77.25$1.72
Jan 2024LRR Pecos1,3311,3583,1501,726860$74.15$3.18
Dec 2023LRR Pecos1,4431,4508,1006,956109$71.90$2.52
Nov 2023LRR Pecos1,3391,3488,6968,317369$77.69$2.71
Oct 2023LRR Pecos1,4021,3613,9262,857907$85.64$2.98
Sep 2023LRR Pecos1,5931,6485,5754,207356$89.43$2.64
Aug 2023LRR Pecos1,5741,7236,2754,562506$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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This lease belongs to

OperatorLRR Pecos Valley, LLCFieldPhantom (Wolfcamp)CountyLoving County

LRR Pecos Valley, LLC in Loving County

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Phantom (Wolfcamp) field

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