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Texas oil lease

Producing

BEST "12"

Best "12" is an oil lease in Martin County, Texas, operated by Midland Energy, Inc. in the Spraberry (Trend Area) field.

1 well

1,395bbl oil, last 12 months−14% vs prior year
Operator
Midland Energy, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-39545

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
3,322 mcf
Oil in Jul 2026
110 bbl

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for BEST "12", Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 1,395 bbl in the 12 months through Jul 2026, against 1,614 bbl in the 12 months before.Last 12 months: 1,395 bblbbl per monthmcf per month0050200100400150600200800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for BEST "12", Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 1,395 bbl in the 12 months through Jul 2026, against 1,614 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050200100400150600200800Jan 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

All of the gas went to a processing plant in the last 12 monthsShare of BEST "12" 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.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of BEST "12" 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.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on BEST "12"
API numberWell no.Status
42-317-354571Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Aug 1, 2012
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017

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

Who buys my oilOil price check

80 acres on the newest permit

Check your decimal on this lease
Permits for Best "12"
API numberWell no.Acreson the permit
42-317-35457180

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for BEST "12"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261101652352350$80.46$2.89
Jun 20261051712252250$84.81$3.15
May 202611602962960$102.13$2.94
Apr 20261051632122120$100.32$2.77
Mar 20261231543123120$91.38$3.04
Feb 20261011703873870$64.51$3.62
Jan 202612402612610$60.04$7.72
Dec 20251191713183180$57.97$4.26
Nov 20251221743273270$60.06$3.79
Oct 202512103503500$60.89$3.19
Sep 202512817511110$63.96$2.97
Aug 20251211713883880$64.86$2.91
Jul 20251261673883880$68.39$3.20
Jun 202512103483480$68.17$3.02
May 20251271653073070$62.17$3.12
Apr 20251201733223220$63.54$3.42
Mar 202514162392390$68.24$4.12
Feb 20251271714324320$71.53$4.19
Jan 20251401653453450$75.74$4.13
Dec 20241451693043040$70.12$3.01
Nov 20241291742812810$69.95$2.12
Oct 20241591704594590$71.99$2.20
Sep 202413803113110$70.24$2.28
Aug 20241411683463460$76.68$1.99
Jul 20241461713623620$81.80$2.07
Jun 20241461723693690$79.77$2.54
May 20241501692632630$80.02$2.12
Apr 20241361753423420$85.35$1.60
Mar 20241631683443440$81.28$1.49
Feb 202414705205200$77.25$1.72
Jan 20241673314914910$74.15$3.18
Dec 20231941582932930$71.90$2.52
Nov 20231671723243240$77.69$2.71
Oct 2023122049490$85.64$2.98
Sep 2023130169000$89.43$2.64
Aug 202311618313130$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorMidland Energy, Inc.FieldSpraberry (Trend Area)CountyMartin County

Midland Energy, Inc. in Martin County

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Spraberry (Trend Area) field

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