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Texas oil lease

Producing

AIRHART COLE 54

Airhart Cole 54 is an oil lease in Martin County, Texas, operated by Owl Ops LLC in the Spraberry (Trend Area) field.

5 wells

11,358bbl oil, last 12 months+12% vs prior year
Operator
Owl Ops LLC
RRC lease
08-44725

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
12,897 mcf
Oil in Jul 2026
820 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Owl Ops LLC took over from Oxyrock Operating, LLC in Apr 2026.

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ENERGY TRANSFER MARKETING & TERM as the buyer of this lease's gas from oil wells on Apr 1, 2026.

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

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Production by month

Oil output rose 12% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 12% over the last 12 monthsMonthly oil production and gas for AIRHART COLE 54, Aug 2023 to Jul 2026. Oil output rose 12% over the last 12 months. 11,358 bbl in the 12 months through Jul 2026, against 10,167 bbl in the 12 months before.Last 12 months: 11,358 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 12% over the last 12 monthsMonthly oil production and gas for AIRHART COLE 54, Aug 2023 to Jul 2026. Oil output rose 12% over the last 12 months. 11,358 bbl in the 12 months through Jul 2026, against 10,167 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

Flaring peaked at 13.6% of the gas in Jan 2024.

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of AIRHART COLE 54 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 13.6% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 13.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of AIRHART COLE 54 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 13.6% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 13.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed 2 times, most recently in Apr 2026

Operators of this lease over timeCrownquest Operating, LLC, Jan 2020 to Jul 2024; Oxyrock Operating, LLC, Aug 2024 to Mar 2026; Owl Ops LLC, Apr 2026 to Jul 20262020202120222023202420252026Changed Aug 2024Changed Apr 2026Crownquest Operating, LLCJan 2020 to Jul 2024Oxyrock Operating, LLCAug 2024 to Mar 2026Owl Ops LLCApr 2026 to now
Operators of this lease over timeCrownquest Operating, LLC, Jan 2020 to Jul 2024; Oxyrock Operating, LLC, Aug 2024 to Mar 2026; Owl Ops LLC, Apr 2026 to Jul 20262020202120222023202420252026Changed Aug 2024Changed Apr 2026Crownquest Operating, LLCJan 2020 to Jul 2024Oxyrock Operating, LLCAug 2024 to Mar 2026Owl Ops LLCApr 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on AIRHART COLE 54
API numberWell no.Status
42-317-387551Active
42-317-387562Active
42-317-389043Shut-in
42-317-389064Active
42-317-395085Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dorado Oil CompanyOilGathers100Jan 1, 2021–
Et Gathering & Processing LLCCasinghead gasBuys100Apr 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Energy Transfer Marketing & TermCasinghead gasBuys100Mar 1, 2025Apr 1, 2026
Etc Gas Processing, LLCCasinghead gasBuys100Aug 1, 2024Mar 1, 2025
Wtg Gas Processing, L.p.Casinghead gasGathers100Oct 17, 2013Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasBuys100Oct 17, 2013Aug 1, 2024
Rio Energy International, Inc.OilGathers100May 1, 2019Jan 1, 2021
Lpc Crude Oil Marketing LLCOilGathers100Jul 1, 2015May 1, 2019

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

160.20 acres on the newest permit

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Airhart Cole 54
API numberWell no.Acreson the permit
42-317-395085160.20
42-317-389043160.20
42-317-389064160.20
42-317-387551160.20
42-317-387562160.20

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

Estimate your royalty

36 months, newest first

Ledger for AIRHART COLE 54
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Owl Ops820921000$80.46$2.89
Jun 2026Owl Ops921924000$84.81$3.15
May 2026Owl Ops830735000$102.13$2.94
Apr 2026Owl Ops430546000$100.32$2.77
Mar 2026Oxyrock Operating,1,0181,2752,2832,2830$91.38$3.04
Feb 2026Oxyrock Operating,6077211,9151,9150$64.51$3.62
Jan 2026Oxyrock Operating,1,0377262,0022,0020$60.04$7.72
Dec 2025Oxyrock Operating,1,1431,0891,9481,9480$57.97$4.26
Nov 2025Oxyrock Operating,1,1951,4611,5771,5770$60.06$3.79
Oct 2025Oxyrock Operating,1,0451,1049859850$60.89$3.19
Sep 2025Oxyrock Operating,9199171,0561,0560$63.96$2.97
Aug 2025Oxyrock Operating,1,3931,5951,1311,1310$64.86$2.91
Jul 2025Oxyrock Operating,1,2738698898890$68.39$3.20
Jun 2025Oxyrock Operating,1,4921,8078658650$68.17$3.02
May 2025Oxyrock Operating,1,2831,0776226220$62.17$3.12
Apr 2025Oxyrock Operating,6053914154150$63.54$3.42
Mar 2025Oxyrock Operating,2336319190$68.24$4.12
Feb 2025Oxyrock Operating,6513741,3541,3540$71.53$4.19
Jan 2025Oxyrock Operating,6637321,6081,6080$75.74$4.13
Dec 2024Oxyrock Operating,8861,0802,1532,1530$70.12$3.01
Nov 2024Oxyrock Operating,9407402,0832,0830$69.95$2.12
Oct 2024Oxyrock Operating,7367101,8191,8190$71.99$2.20
Sep 2024Oxyrock Operating,7847052,0192,0190$70.24$2.28
Aug 2024Oxyrock Operating,8311,0692,0722,0720$76.68$1.99
Jul 2024Crownquest Operating,9767512,0882,0880$81.80$2.07
Jun 2024Crownquest Operating,7157751,6511,6510$79.77$2.54
May 2024Crownquest Operating,1,1191,1762,0802,0800$80.02$2.12
Apr 2024Crownquest Operating,8087581,5981,5980$85.35$1.60
Mar 2024Crownquest Operating,9087901,6461,6460$81.28$1.49
Feb 2024Crownquest Operating,7808001,2181,2180$77.25$1.72
Jan 2024Crownquest Operating,7018211,3211,141180$74.15$3.18
Dec 2023Crownquest Operating,7646211,5191,5190$71.90$2.52
Nov 2023Crownquest Operating,7777251,5891,5890$77.69$2.71
Oct 2023Crownquest Operating,1,0551,6621,8031,8030$85.64$2.98
Sep 2023Crownquest Operating,8293471,4451,4450$89.43$2.64
Aug 2023Crownquest Operating,80789897092545$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

Owl Ops LLC in Martin County

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