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Texas oil lease

Producing

BALERION THE DREAD 36-24 B

Balerion the Dread 36-24 B is an oil lease in Dawson County, Texas, operated by Birch Operations, Inc. in the Spraberry (Trend Area) field.

1 well

11,462bbl oil, last 12 months−55% vs prior year
RRC lease
08-61906

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Where it sits

This county

Dawson CountyDawsonGainesLynnGarzaAndrewsTerryBordenDawson County
Dawson County
Gas, last 12 months
36,893 mcf
Oil in Jul 2026
580 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: TARGA MIDLAND LLC replaced CORONADO MIDSTREAM LLC, TARGA PL MID-CONT WESTTEX LLC as the buyer of this lease's gas from oil wells on May 1, 2026.

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

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Production by month

Oil output fell 55% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 55% over the last 12 monthsMonthly oil production and gas for BALERION THE DREAD 36-24 B, Mar 2024 to Jul 2026. Oil output fell 55% over the last 12 months. 11,462 bbl in the 12 months through Jul 2026, against 25,237 bbl in the 12 months before.Last 12 months: 11,462 bblbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Apr 24JulOctJan 25AprJulOctJan 26AprJul
Oil output fell 55% over the last 12 monthsMonthly oil production and gas for BALERION THE DREAD 36-24 B, Mar 2024 to Jul 2026. Oil output fell 55% over the last 12 months. 11,462 bbl in the 12 months through Jul 2026, against 25,237 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a transmission line in the last 12 months

Flaring peaked at 17.3% of the gas in Apr 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a transmission line in the last 12 monthsShare of BALERION THE DREAD 36-24 B gas by disposition code each month, Mar 2024 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months. Flaring peaked at 17.3% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 17.3%Apr 24JulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a transmission line in the last 12 monthsShare of BALERION THE DREAD 36-24 B gas by disposition code each month, Mar 2024 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months. Flaring peaked at 17.3% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Flared 17.3%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    94% · 34,614 mcf

  • Flared (4)

    6.2% · 2,277 mcf

  • Lease fuel (1)

    0.0% · 2 mcf

6.2% of the gas flared in the last 12 months. 22 months above 3%.

1 well on this lease

Wells on BALERION THE DREAD 36-24 B
API numberWell no.Status
42-115-339354JDActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers34Jul 1, 2025–
Dk Trading & Supply, LLCOilGathers33Jul 1, 2025–
Trafigura Trading LLCOilGathers33Jul 1, 2025–
Targa Midland LLCCasinghead gasBuys100May 1, 2026–
Targa Midland LLCCasinghead gasGathers100May 1, 2026–
Enlink Permian, LLCCasinghead gasGathers50Jul 1, 2025May 1, 2026
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers50Jul 1, 2025May 1, 2026
Coronado Midstream LLCCasinghead gasBuys50Jul 1, 2025May 1, 2026
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys50Jul 1, 2025May 1, 2026
Enlink Permian, LLCCasinghead gasGathers100Feb 27, 2024Jul 1, 2025
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Feb 27, 2024Jul 1, 2025

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

868.08 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for Balerion the Dread 36-24 B
API numberWell no.Acreson the permit
42-115-339354JD868.08

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

Estimate your royalty

29 months, newest first

Ledger for BALERION THE DREAD 36-24 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265805823,9583,802156$80.46$2.89
Jun 20267537523,6233,054569$84.81$3.15
May 20265735722,1642,025139$102.13$2.94
Apr 20265055081,8641,542322$100.32$2.77
Mar 20261,0451,0493,7633,468295$91.38$3.04
Feb 20261,5231,5224,6964,470226$64.51$3.62
Jan 20261,5181,5122,9852,813172$60.04$7.72
Dec 20257587561,2771,22156$57.97$4.26
Nov 2025889120719611$60.06$3.79
Oct 20251,1801,1813,7583,629129$60.89$3.19
Sep 20251,5391,5385,6925,574117$63.96$2.97
Aug 20251,4001,4002,9062,82085$64.86$2.91
Jul 20251,1951,1931,6081,58721$68.39$3.20
Jun 20253913936166088$68.17$3.02
May 20251,3321,3311,6861,62759$62.17$3.12
Apr 20251,0121,0141,3681,34721$63.54$3.42
Mar 20251,7881,7901,6861,61076$68.24$4.12
Feb 20251,9271,9264,6854,6850$71.53$4.19
Jan 20253,0283,0285,3715,30764$75.74$4.13
Dec 20243,2213,2223,3053,126179$70.12$3.01
Nov 20243,1633,1661,9691,672297$69.95$2.12
Oct 20243,0123,0091,8311,607224$71.99$2.20
Sep 20242,4102,4141,6821,498184$70.24$2.28
Aug 20242,7582,75578568798$76.68$1.99
Jul 20242,7022,70196290260$81.80$2.07
Jun 20242,7312,7301,2511,15992$79.77$2.54
May 20242,7782,77540736344$80.02$2.12
Apr 20242,1382,1381,5821,436146$85.35$1.60
Mar 20241,5541,5512,2322,077155$81.28$1.49

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

Birch Operations, Inc. in Dawson County

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Spraberry (Trend Area) field

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