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Operator report card · RRC P-5 103575

Crescent Energy Operating, LLC report card

What the public record shows about Crescent Energy Operating, LLC: 2,460 producing leases in 29 Texas counties, output up 4,997% on the year, 3,048 leases gained and 6 left in 24 months. Every line names its source.

All leases and productionCheck my statement
Crescent Energy Operating, LLCUpdated Oct 2, 2026What is known, from whom. No grades.
  1. Producing leases2,460
    State recordin 29 counties, reported through Jul 2026
  2. Oil, last 12 months against the 12 before+4,997%
    State record18,852,739 bbl
  3. Leases gained and left, 24 months+3,048 / −6
    State recordtaken over from, or passed to, another operator
  4. Gas vented or flared, last 12 months1.7%
    State recordshare of gas disposed of by disposition code 4
  5. Oil price it told investors, Q1 2026+$0.21 vs Texas
    EIA and SEC$71.00 a barrel, whole company; Texas first purchase $70.79
  6. What owners' statements shownot enough owners yet
    Owner statementsshown when 5 or more owners agree

Scale and direction

How much Crescent Energy Operating, LLC produces, and which way it is moving

Totals across every lease the Railroad Commission lists under this operator. A change in the total can be a change in the leases, so the next section shows the leases gained and left.
Oil from Crescent Energy Operating, LLC, 12 months to 2026/07
587k2024370k202519M2026

Barrels, all leases, each bar the 12 months ending in that year's latest month, whole lease.

  • Oil: 18,852,739 barrels in the 12 months to Jul 2026, +4,997.3% on the 12 months before.
  • Gas: 141,936,158 mcf, +3,321.4% on the year before.
  • Gas disposition: 1.7% of the gas it disposed of in the last 12 months was reported vented or flared.
  • Source: Railroad Commission of Texas, Production Data Query, file dated Sep 18, 2026. Open the source.

Leases gained and left

Leases Crescent Energy Operating, LLC took over and passed on, last 24 months

A lease changes hands when the Railroad Commission's production reports switch from one operator to another. The lists show the biggest first; your statement's payor changes the month the reports do.

Gained (3,048)

  • Jack Meeks 01Live Oak County · District 02, lease 13217 · from another operator since Jun 2026
  • Tyler Ranch Efs CMcMullen County · District 01, lease 21413 · from another operator since Jun 2026
  • Shannon-Tyler Ranch EfsMcMullen County · District 01, lease 21417 · from another operator since Jun 2026
  • Tyler Ranch Efs AMcMullen County · District 01, lease 21415 · from another operator since Jun 2026
  • Tyler Ranch Efs BMcMullen County · District 01, lease 21414 · from another operator since Jun 2026
  • Hoskins EfsMcMullen County · District 01, lease 16335 · from another operator since Jun 2026

Left (6)

  • Wye Ranch 03Atascosa County · District 01, lease 17253 · reported under another operator after May 2026
  • Wescott, C. T. "A"Gaines County · District 8A, lease 19114 · reported under another operator after Dec 2025
  • WescottGaines County · District 8A, lease 68786 · reported under another operator after Dec 2025
  • WescottGaines County · District 8A, lease 68780 · reported under another operator after Dec 2025
  • Wescott, C. H. "D"Gaines County · District 8A, lease 18903 · reported under another operator after Dec 2025
  • Wescott /Strawn/ UnitGaines County · District 8A, lease 60666 · reported under another operator after Dec 2025

Do your checks come from a different company than they did? See who took over whose leases, or read what the codes on a stub mean.

Who buys and moves its production

The companies that gather and buy Crescent Energy Operating, LLC's oil and gas

Plains Marketing, L.p. is listed on 574 of 2,460 producing leases. Your royalty is figured on what the lease sold, whoever pays you.
Current gatherers and purchasers on Crescent Energy Operating, LLC's producing leases
CompanyRoleLeasesof 2,460Shareof its leases
Plains Marketing, L.p.Gatherer, Purchaser57423%
Williams Mlp Operating LLCGatherer, Purchaser45518%
Energy Transfer CompanyGatherer, Purchaser40216%
Dcp Operating Company, LPGatherer, Purchaser38416%
Vital Midstream Services, LLCGatherer35214%
Silverbow Resources Oper, LLCGatherer, Purchaser34614%
Targa Midstream Services LLCGatherer, Purchaser32613%
Shell Trading (Us) CompanyGatherer31513%

Railroad Commission P-4 filings, the newest one listing gatherers and purchasers for each lease. A lease can list more than one company.

Who buys my oil and gas? takes your own lease.

What it told investors

The oil price Crescent Energy Company reported, next to the Texas price

Realized prices from the company's own SEC filings, across its whole portfolio or the region named, beside the EIA's first purchase price of Texas crude for the same three months. It is context for your check, not a price on your lease.
Crescent Energy Company: realized oil price by quarter against the Texas first purchase price
QuarterOil, $ a barrelcompanyTexas first purchase3-month averageGap
Q1 2026 (10-Q)$71.00$70.79+$0.21
Q4 2025 (8-K)$62.21$58.21+$4.00
Q3 2025 (10-Q)$63.07$64.47−$1.40
Q2 2025 (10-Q)$61.47$63.13−$1.66
Q1 2025 (10-Q)$67.64$70.97−$3.33
Q4 2024 (8-K)$67.51$69.80−$2.29

Prices exclude the effect of hedges. Sources: SEC filings, linked on each quarter, and EIA.

Drilling activity

Wells Crescent Energy Operating, LLC has permitted

41 drilling permits in the last 12 months, 41 of them horizontal. The newest was issued Oct 1, 2026. A permit is a plan to drill, not proof of a well or of anyone's ownership.

Recent drilling permits for Crescent Energy Operating, LLC

Railroad Commission drilling permits.

What owners' statements show

Statements from Crescent Energy Operating, LLC owners

Owners upload Crescent Energy Operating, LLC statements to Royalty Clerk, and a figure is published only when 5 or more different owners are behind it. There are not enough yet.

Be one of the five

Upload a Crescent Energy Operating, LLC statement and it counts, without your name, toward this comparison once enough owners have done the same. Your check is free, and you can opt out in one click.

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FAQ

Questions people ask

What is on the Crescent Energy Operating, LLC report card?

the scale and direction of its output, leases it gained and left, who buys and moves its production, the prices it told investors and its drilling permits. Each line says where it comes from: Railroad Commission records, SEC filings, or statements uploaded by owners, and there is no grade or rank.

When does Crescent Energy Operating, LLC have to pay my royalties?

The first payment is due 120 days after the end of the month of first sale from the well. After that, payment follows your lease or written agreement, and if that is silent, no later than 60 days after the end of the month for oil and 90 days for gas (Natural Resources Code section 91.402).

Where do the owner figures come from?

From statements owners uploaded to Royalty Clerk. A figure appears only when 5 or more different owners are behind it, each owner counts once, and we show a middle value and the middle half, never one owner's line. Owners can opt out and the figures are rebuilt without them.

How the comparison is built

My check from Crescent Energy Operating, LLC looks low. What do I do?

Upload the stub or a photo. We compare each line with the state's numbers for your lease and the Texas first purchase price for the month, and tell you what to ask Crescent Energy Operating, LLC.

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Related

Keep going

Get checks from Crescent Energy Operating, LLC?

Upload a stub or a phone photo. We compare every month with the state numbers for the lease and tell you what to ask.

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Sources

Primary sources, opened on 29 September 2026. Statute text is the current version on statutes.capitol.texas.gov.