What separates a top-producing Texas lease from a typical one — measured across 100,847 oil-producing leases in May 2026, the latest month with complete reporting.
| Product | Producing leases | 25th | Median | 75th | 90th | 99th |
|---|---|---|---|---|---|---|
| Oil (bbl) | 100,847 | 46 | 196 | 1,132 | 3,952 | 23,138 |
| Gas (Mcf) | 153,301 | 378 | 1,471 | 5,542 | 19,896 | 123,731 |
| County | Median bbl / lease | Leases |
|---|---|---|
| Loving | 2,697 | 2,610 |
| Midland | 1,995 | 3,421 |
| Martin | 1,984 | 3,812 |
| Culberson | 1,924 | 1,077 |
| Reeves | 1,710 | 4,092 |
| Ward | 1,668 | 1,475 |
| Upton | 1,266 | 2,469 |
| Howard | 1,255 | 2,144 |
| Gonzales | 1,178 | 971 |
| Karnes | 1,006 | 2,349 |
| Morris | 944 | 18 |
| Yoakum | 943 | 456 |
| Borden | 916 | 270 |
| Washington | 877 | 264 |
| Reagan | 820 | 2,002 |
| De Witt | 709 | 1,213 |
| Winkler | 692 | 737 |
| Frio | 680 | 297 |
| La Salle | 675 | 2,120 |
| Atascosa | 580 | 871 |
| County | Median Mcf / lease | Leases |
|---|---|---|
| Culberson | 31,587 | 1,065 |
| Dallas | 27,351 | 54 |
| Reagan | 15,577 | 1,858 |
| Midland | 13,161 | 3,357 |
| Reeves | 12,875 | 4,197 |
| Loving | 11,851 | 2,592 |
| Howard | 10,851 | 1,748 |
| Martin | 10,349 | 3,404 |
| Upton | 10,231 | 2,446 |
| Washington | 9,137 | 346 |
| San Augustine | 7,187 | 424 |
| Borden | 6,993 | 153 |
| Yoakum | 6,626 | 308 |
| Ward | 5,024 | 1,371 |
| Glasscock | 4,850 | 1,799 |
| De Witt | 4,500 | 1,292 |
| Tarrant | 4,324 | 3,372 |
| Live Oak | 3,722 | 818 |
| Winkler | 3,543 | 554 |
| Johnson | 3,217 | 1,989 |
| Operator | Median bbl / lease | Oil leases | Median Mcf / lease |
|---|---|---|---|
| Permian Deep Rock Oil | 9,857 | 49 | 29,083 |
| Ike Operating LLC | 9,570 | 44 | 5,233 |
| Aegis Physical, LLC | 5,663 | 27 | 2,844 |
| Greenlake Energy Operating LLC | 5,419 | 65 | 28,813 |
| Circles Energy LLC | 4,942 | 27 | 18,798 |
| Riley Permian Operating | 4,750 | 56 | 14,276 |
| Admiral Permian Operating LLC | 4,449 | 26 | 41,565 |
| De Central Operating, LLC | 4,330 | 184 | 47,908 |
| Surge Operating | 3,563 | 238 | 13,030 |
| Jagged Peak Energy | 3,211 | 76 | 6,071 |
| Conocophillips Company | 3,101 | 165 | 35,465 |
| Manti Tarka Permian Op | 3,038 | 46 | 19,085 |
| Anadarko Petroleum | 2,833 | 1,209 | 12,508 |
| Chevron | 2,782 | 574 | 26,452 |
| Bayswater Operating Company | 2,579 | 81 | 8,454 |
| Rp Operating | 2,537 | 71 | 16,076 |
| Highpeak Energy Holdings | 2,425 | 194 | 5,228 |
| Pioneer Natural Resources | 2,198 | 3,942 | 12,699 |
| Birch Operations | 2,146 | 191 | 32,475 |
| Civitas Permian Operating LLC | 2,131 | 561 | 16,777 |
Counties need at least 10 producing leases and operators at least 25 to be ranked. Texas reports oil production at the lease level (a lease can hold several wells). Benchmarks use May 2026, the most recent month whose reporting coverage reached 85% of normal. Data as of 2026-09-29.
In May 2026, the median oil-producing Texas lease reported 196 barrels for the month; a top-10% lease reported 3,952 barrels or more, and a top-1% lease 23,138 or more.
Highly. In May 2026 the top 10% of oil-producing leases accounted for 71.9% of Texas oil, and the top 1% for 28.1%.
Compare the monthly volumes on your check stub for a lease with the percentile table: it shows whether a lease is typical, strong or exceptional for Texas, and the county table shows what is normal where you own.
Operators report production with a lag and the most recent months arrive incomplete. Valor only benchmarks months whose reporting coverage has reached at least 85% of normal, so figures don't swing when late reports land.
No. Valor publishes production as statistics — distributions, concentration, and county and operator medians over groups of producing leases — rather than a list of individual leases.
These statistics are computed by Valor from public oil and gas data. © Valor, all rights reserved.