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Texas oil lease

Producing

BLAZE M3

Blaze M3 is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Pegasus (Consolidated) field.

Oil lease dossier

128,777bbl oil, last 12 months−58% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Pegasus (Consolidated)
RRC lease
7C-23386

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
296,584 mcf
Oil in Jul 2026
8,143 bbl

Production by month

Oil output fell 58% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 58% over the last 12 monthsMonthly oil production and gas for BLAZE M3, Jul 2024 to Jul 2026. Oil output fell 58% over the last 12 months. 128,777 bbl in the 12 months through Jul 2026, against 305,194 bbl in the 12 months before.Last 12 months: 128,777 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 58% over the last 12 monthsMonthly oil production and gas for BLAZE M3, Jul 2024 to Jul 2026. Oil output fell 58% over the last 12 months. 128,777 bbl in the 12 months through Jul 2026, against 305,194 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 24Jan 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 3.7% of the gas in Nov 2024.

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of BLAZE M3 gas by disposition code each month, Jul 2024 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.7% of the gas in Nov 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.7%Jul 24OctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of BLAZE M3 gas by disposition code each month, Jul 2024 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.7% of the gas in Nov 2024.Share of gas by disposition code0%50%100%Flared 3.7%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 296,554 mcf

  • Flared (4)

    0.0% · 30 mcf

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Et-S Permian Pipeline Company LlOilGathers100Jun 25, 2024
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jun 25, 2024
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jun 25, 2024

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

Who buys my oilOil price check

14,136.50 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 Blaze M3
API numberWell no.Acreson the permit
42-461-42410501MH14,136.50

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

Unit decimal checker

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

25 months, newest first

Ledger for BLAZE M3
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20268,1438,14823,93223,9320$80.46$2.89
Jun 20268,2018,20423,83723,80730$84.81$3.15
May 20269,1379,13226,49326,4930$102.13$2.94
Apr 20268,2768,27522,04322,0430$100.32$2.77
Mar 20269,4929,48222,54522,5450$91.38$3.04
Feb 20268,8068,81421,50221,5020$64.51$3.62
Jan 202610,43010,43123,23723,2370$60.04$7.72
Dec 202511,52911,52025,34725,3470$57.97$4.26
Nov 202511,70911,75124,98724,9870$60.06$3.79
Oct 202513,27413,24925,97725,9770$60.89$3.19
Sep 202514,05014,06626,67826,6780$63.96$2.97
Aug 202515,73015,74130,00630,0060$64.86$2.91
Jul 202514,93114,93629,46529,4650$68.39$3.20
Jun 202517,66617,61325,98325,9830$68.17$3.02
May 202519,75819,77728,83228,8320$62.17$3.12
Apr 202523,86323,91630,47930,4790$63.54$3.42
Mar 202531,03931,00833,46933,4690$68.24$4.12
Feb 202516,51016,52516,32616,3260$71.53$4.19
Jan 202519,86419,94422,97122,93833$75.74$4.13
Dec 202436,34936,31528,59628,5960$70.12$3.01
Nov 202436,46136,44826,83325,8321,001$69.95$2.12
Oct 202435,74935,68824,61724,53483$71.99$2.20
Sep 202425,75625,79419,02619,0260$70.24$2.28
Aug 202427,24827,14320,45720,4570$76.68$1.99
Jul 202410,67510,65214,09014,0900$81.80$2.07

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

This lease belongs to

OperatorCog Operating LLCFieldPegasus (Consolidated)CountyUpton County

Cog Operating LLC in Upton County

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Pegasus (Consolidated) field

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New drilling permits in Upton County

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