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Texas oil lease

Producing

BILLY 135A

Billy 135A is an oil lease in Martin County, Texas, operated by Owl Ops LLC in the Spraberry (Trend Area) R 40 Exc field.

2 wells

3,702bbl oil, last 12 months−52% vs prior year
Operator
Owl Ops LLC
County
Martin County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-51439

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
19,248 mcf
Oil in Jul 2026
176 bbl

Production by month

Oil output fell 52% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 52% over the last 12 monthsMonthly oil production and gas for BILLY 135A, Aug 2023 to Jul 2026. Oil output fell 52% over the last 12 months. 3,702 bbl in the 12 months through Jul 2026, against 7,650 bbl in the 12 months before.Last 12 months: 3,702 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,0002,50010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 52% over the last 12 monthsMonthly oil production and gas for BILLY 135A, Aug 2023 to Jul 2026. Oil output fell 52% over the last 12 months. 3,702 bbl in the 12 months through Jul 2026, against 7,650 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,0002,50010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 58.5% of the gas in Sep 2024.

  • Processing plant (3)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of BILLY 135A gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 58.5% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 58.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of BILLY 135A gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 58.5% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Flared 58.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 30,271 mcf

  • Flared (4)

    1.0% · 319 mcf

1.0% of the gas flared in the last 12 months. 5 months above 3%.

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.

2 wells on this lease

Wells on BILLY 135A
API numberWell no.Status
42-317-409543Active
42-317-413884Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dorado Oil CompanyOilGathers100Apr 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Apr 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Mar 1, 2025–
Etc Gas Processing, LLCCasinghead gasBuys100Mar 1, 2025Apr 1, 2026
Dorado Oil CompanyOilGathers90Mar 1, 2025Apr 1, 2026
Enlink Crude Marketing, LLCOilGathers10Mar 1, 2025Apr 1, 2026
Wtg Gas Processing, L.p.Casinghead gasGathers100Jan 3, 2018Mar 1, 2025
Wtg Gas Processing, L.p.Casinghead gasBuys100Jan 3, 2018Mar 1, 2025
Dorado Oil CompanyOilGathers50Jan 1, 2021Mar 1, 2025

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

Who buys my oilOil price check

156.80 acres on the newest permit

Permits for Billy 135A
API numberWell no.Acreson the permit
42-317-413884156.80
42-317-409543156.20

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for BILLY 135A
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Owl Ops176185000$80.46$2.89
Jun 2026Owl Ops9292000$84.81$3.15
May 2026Owl Ops00000$102.13$2.94
Apr 2026Owl Ops12897000$100.32$2.77
Mar 2026Oxyrock Operating,1894332,4212,4210$91.38$3.04
Feb 2026Oxyrock Operating,2734582,0862,0860$64.51$3.62
Jan 2026Oxyrock Operating,6114832,1752,1750$60.04$7.72
Dec 2025Oxyrock Operating,4824262,1132,1130$57.97$4.26
Nov 2025Oxyrock Operating,3874332,1882,1880$60.06$3.79
Oct 2025Oxyrock Operating,4596062,8022,8020$60.89$3.19
Sep 2025Oxyrock Operating,4204652,6832,6830$63.96$2.97
Aug 2025Oxyrock Operating,4852982,7802,7800$64.86$2.91
Jul 2025Oxyrock Operating,5195733,4833,266217$68.39$3.20
Jun 2025Oxyrock Operating,4614501,8601,758102$68.17$3.02
May 2025Oxyrock Operating,5615873,2803,2800$62.17$3.12
Apr 2025Oxyrock Operating,4813122,7192,7190$63.54$3.42
Mar 2025Oxyrock Operating,6235573,0253,0250$68.24$4.12
Feb 2025Oxyrock Operating,4323762,1252,1250$71.53$4.19
Jan 2025Oxyrock Operating,4884842,5332,5330$75.74$4.13
Dec 2024Oxyrock Operating,5218262,4782,185293$70.12$3.01
Nov 2024Oxyrock Operating,5252363,2203,2200$69.95$2.12
Oct 2024Oxyrock Operating,6336563,4663,42442$71.99$2.20
Sep 2024Oxyrock Operating,1,0771,2005,6382,3413,297$70.24$2.28
Aug 2024Oxyrock Operating,1,3291,2095,6225,074548$76.68$1.99
Jul 2024Crownquest Operating,5987114,3144,3140$81.80$2.07
Jun 2024Crownquest Operating,7998953,8133,8130$79.77$2.54
May 2024Crownquest Operating,1,9782,3924,8094,8090$80.02$2.12
Apr 2024Crownquest Operating,2,2691,7294,3204,3200$85.35$1.60
Mar 2024Crownquest Operating,2,1742,2943,8053,8050$81.28$1.49
Feb 2024Crownquest Operating,1,0978543,5393,5390$77.25$1.72
Jan 2024Crownquest Operating,7379414,4544,4540$74.15$3.18
Dec 2023Crownquest Operating,5855614,0544,0540$71.90$2.52
Nov 2023Crownquest Operating,7948424,5684,5680$77.69$2.71
Oct 2023Crownquest Operating,1,4351,2424,5004,5000$85.64$2.98
Sep 2023Crownquest Operating,9999233,8483,8480$89.43$2.64
Aug 2023Crownquest Operating,8489473,3563,3560$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorOwl Ops LLCFieldSpraberry (Trend Area) R 40 ExcCountyMartin County

Owl Ops LLC in Martin County

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Spraberry (Trend Area) R 40 Exc field

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