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Texas oil lease

Producing

BIG RED UNIT 75-82

Big Red Unit 75-82 is an oil lease in Martin County, Texas, operated by High Noon Resources, LLC in the Spraberry (Trend Area) field.

2 wells

15,347bbl oil, last 12 months+140% vs prior year
Operator
High Noon Resources, LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-50315

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
35,510 mcf
Oil in Jul 2026
3,006 bbl

Production by month

Oil output rose 140% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 140% over the last 12 monthsMonthly oil production and gas for BIG RED UNIT 75-82, Aug 2023 to Jul 2026. Oil output rose 140% over the last 12 months. 15,347 bbl in the 12 months through Jul 2026, against 6,396 bbl in the 12 months before.Last 12 months: 15,347 bblbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,0005,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 140% over the last 12 monthsMonthly oil production and gas for BIG RED UNIT 75-82, Aug 2023 to Jul 2026. Oil output rose 140% over the last 12 months. 15,347 bbl in the 12 months through Jul 2026, against 6,396 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,0005,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2024 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 100.0% of the gas in Jul 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2024 the lease's gas goes to a processing plant instead of a transmission lineShare of BIG RED UNIT 75-82 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 100.0% of the gas in Jul 2025.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: line to plantFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a processing plant instead of a transmission lineShare of BIG RED UNIT 75-82 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 100.0% of the gas in Jul 2025.Share of gas by disposition code0%50%100%Nov 24: line to plantFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    78% · 27,679 mcf

  • Flared (4)

    22% · 7,831 mcf

22.1% of the gas flared in the last 12 months. 19 months above 3%.

Who has run this lease

The operator changed once, most recently in Mar 2024

Operators of this lease over timeElement Petroleum Op III, LLC, Jan 2020 to Feb 2024; High Noon Resources, LLC, Mar 2024 to Jul 20262020202120222023202420252026Changed Mar 2024Element Petroleum Op III, LLCJan 2020 to Feb 2024High Noon Resources, LLCMar 2024 to now
Operators of this lease over timeElement Petroleum Op III, LLC, Jan 2020 to Feb 2024; High Noon Resources, LLC, Mar 2024 to Jul 20262020202120222023202420252026Changed Mar 2024Element Petroleum Op III, LLCJan 2020 to Feb 2024High Noon Resources, LLCMar 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on BIG RED UNIT 75-82
API numberWell no.Status
42-317-410585HActive
42-317-414826AHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Lpc Crude Iii, LLCOilGathers50Feb 1, 2021–
Plains Marketing, L.p.OilGathers50Feb 1, 2021–
Wtg North Permian Midstream LLCCasinghead gasGathers100Mar 20, 2024Oct 24, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Mar 20, 2024Oct 24, 2024
West Texas Gas, Inc.Casinghead gasGathers100Mar 1, 2018Mar 20, 2024
West Texas Gas, Inc.Casinghead gasBuys100Mar 1, 2018Mar 20, 2024
Lion Oil Trading & Trans, LLCOilGathers100May 1, 2020Feb 1, 2021
Plains Marketing, L.p.OilGathers100Mar 1, 2018May 1, 2020

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

Who buys my oilOil price check

640 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 520 and 640 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Big Red Unit 75-82
API numberWell no.Acreson the permit
42-317-414826AH640
42-317-410585H520

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for BIG RED UNIT 75-82
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026High Noon3,0062,9214,0523,291761$80.46$2.89
Jun 2026High Noon2,3432,1302,9642,227737$84.81$3.15
May 2026High Noon1,0341,1062,4662,046420$102.13$2.94
Apr 2026High Noon1,2401,3072,9781,6951,283$100.32$2.77
Mar 2026High Noon1,2781,1983,6793,205474$91.38$3.04
Feb 2026High Noon1,5071,5143,2582,482776$64.51$3.62
Jan 2026High Noon1,4841,5603,8792,7321,147$60.04$7.72
Dec 2025High Noon1,4101,3483,7343,110624$57.97$4.26
Nov 2025High Noon1,1571,0562,8852,406479$60.06$3.79
Oct 2025High Noon3313412,3151,489826$60.89$3.19
Sep 2025High Noon2972671,5971,385212$63.96$2.97
Aug 2025High Noon2602711,7031,61192$64.86$2.91
Jul 2025High Noon3253355910591$68.39$3.20
Jun 2025High Noon3433451,334904430$68.17$3.02
May 2025High Noon3858471,181973208$62.17$3.12
Apr 2025High Noon4724461,267896371$63.54$3.42
Mar 2025High Noon5345141,157961196$68.24$4.12
Feb 2025High Noon5306348828775$71.53$4.19
Jan 2025High Noon67379491990613$75.74$4.13
Dec 2024High Noon24704574498$70.12$3.01
Nov 2024High Noon8451,0011,144905239$69.95$2.12
Oct 2024High Noon7371,0261,102876226$71.99$2.20
Sep 2024High Noon8095578288280$70.24$2.28
Aug 2024High Noon4964104464460$76.68$1.99
Jul 2024High Noon00000$81.80$2.07
Jun 2024High Noon75069690$79.77$2.54
May 2024High Noon8401,2466916910$80.02$2.12
Apr 2024High Noon1,1071,0436246240$85.35$1.60
Mar 2024High Noon277231571570$81.28$1.49
Feb 2024Element Petroleum3694002042040$77.25$1.72
Jan 2024Element Petroleum00000$74.15$3.18
Dec 2023Element Petroleum00000$71.90$2.52
Nov 2023Element Petroleum00000$77.69$2.71
Oct 2023Element Petroleum2564011611570$85.64$2.98
Sep 2023Element Petroleum1,3079794464390$89.43$2.64
Aug 2023Element Petroleum1,0061,6393443440$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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This lease belongs to

OperatorHigh Noon Resources, LLCFieldSpraberry (Trend Area)CountyMartin County

High Noon Resources, LLC in Martin County

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Spraberry (Trend Area) field

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