Brave State

Oil & Gas Property in Reeves County, TX

Property Summary

Key data points for Brave State

CountyReeves County, TX
OperatorPERMIAN RESOURCES OPERATING, LLC
Production DatesFeb 2024 - Aug 2025
Total Oil Production368,924 BBLs
Total Gas Production733,187 MCF
Recent Oil Production7,045 BBLs in Jul 2025
Recent Gas Production18,031 MCF in Jul 2025
Wells on Property3

Our Valuation Estimates for Brave State

ShaleAssessment

Not Available

MarketMultiple

$1,179,003 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Brave State Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Brave State
from Feb 2024 to Aug 2025

Wells on Brave State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-389-40939BRAVE STATE 132HPermian Resources Operating, LLCProducingReeves County, TX31.328292-103.463586
42-389-40940BRAVE STATE 221HPermian Resources Operating, LLCProducingReeves County, TX31.328310-103.463689
42-389-40941BRAVE STATE 222HPermian Resources Operating, LLCProducingReeves County, TX31.327792-103.460713

Leases included in Brave State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-61623BRAVE STATEPermian Resources Operating, LLCReeves County, TX

Nearby Properties

These are the closest 20 properties to the Brave State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Belle StarrReeves County, TX7,224 BBLs54,320 MCFAug 2025
Big Gipper StateReeves County, TX1,464 BBLs4,642 MCFAug 2025
Billy Miner 27Reeves County, TX2,184 BBLs3,452 MCFAug 2025
Chevron MineralsReeves County, TX1,427 BBLs448 MCFAug 2025
Cole Younger State 30Reeves County, TX22,852 BBLs63,346 MCFAug 2025
Colley State 22Reeves County, TX86 BBLs1,504 MCFAug 2025
Cwi StateReeves County, TX10,049 BBLs63,284 MCFAug 2025
Gipper StateReeves County, TX3,195 BBLs7,805 MCFAug 2025
Ike StateReeves County, TX492 BBLs862 MCFAug 2025
Intrepid State UnitReeves County, TX10,176 BBLs24,560 MCFAug 2025
J.T. MorrisReeves County, TX27,634 BBLs68,418 MCFAug 2025
Jack StateReeves County, TX11,110 BBLs53,496 MCFAug 2025
King FisherReeves County, TX2,482 BBLs3,520 MCFAug 2025
Lowe 26Reeves County, TX821 BBLs1,718 MCFAug 2025
Matador 6-33Reeves County, TX2,343 BBLs6,140 MCFAug 2025
MonroeReeves County, TX20,064 BBLs90,063 MCFAug 2025
Old Hickory StateReeves County, TX2,650 BBLs4,254 MCFAug 2025
Paladin 43Reeves County, TX0 BBLs0 MCFJun 2020
Roy Bean 42Reeves County, TX1,439 BBLs3,339 MCFAug 2025
Tall Texan State 36Reeves County, TX609 BBLs7,533 MCFAug 2025

Frac'ing activity on Brave State

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-389-40939Brave State 132H
42-389-40940Brave State 221H
42-389-40941Brave State 222H

Owners of Brave State

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025PERMIAN RESOURCES OPERATING LLCBRAVE STATE 132H,221H,222HPERMIAN RESOUR
2025EXEMPT-STATE OF TEXASBRAVE STATE 132H,221H,222HPERMIAN RESOUR
2025MONROE PROPERTIES INCBRAVE STATE 132H,221H,222HPERMIAN RESOUR
2025SRO LAND & MINERALS LPBRAVE STATE 132H,221H,222HPERMIAN RESOUR
2025MES LAND & MINERALS LPBRAVE STATE 132H,221H,222HPERMIAN RESOUR

Oil & Gas Sales on Brave State

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-61623BRAVE STATEApr 2025MERCURIA ENERGY AMERICA, LLCPERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATEMar 2025PERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATEFeb 2025MERCURIA ENERGY AMERICA, LLCPERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATEFeb 2025SHELL TRADING (US) COMPANYPERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATEFeb 2025PERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATEJan 2025SHELL TRADING (US) COMPANYPERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATEJan 2025PERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATEDec 2024SHELL TRADING (US) COMPANYPERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATEDec 2024PERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATENov 2024SHELL TRADING (US) COMPANYPERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATENov 2024PERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATEOct 2024SHELL TRADING (US) COMPANYPERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATEOct 2024PERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATESep 2024BP PRODUCTS NORTH AMERICA INC.PERMIAN RESOURCES OPERATING, LLC
08-61623BRAVE STATESep 2024PERMIAN RESOURCES OPERATING, LLC