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Texas oil lease

Producing

BLAZE M5

Blaze M5 is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Pegasus (Consolidated) field.

1 well

66,512bbl oil, last 12 months−56% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Pegasus (Consolidated)
RRC lease
7C-22484

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
214,412 mcf
Oil in Jul 2026
3,806 bbl

Production by month

Oil output fell 56% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 56% over the last 12 monthsMonthly oil production and gas for BLAZE M5, Jul 2024 to Jul 2026. Oil output fell 56% over the last 12 months. 66,512 bbl in the 12 months through Jul 2026, against 150,979 bbl in the 12 months before.Last 12 months: 66,512 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 56% over the last 12 monthsMonthly oil production and gas for BLAZE M5, Jul 2024 to Jul 2026. Oil output fell 56% over the last 12 months. 66,512 bbl in the 12 months through Jul 2026, against 150,979 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kJul 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 M5 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 M5 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% · 214,391 mcf

  • Flared (4)

    0.0% · 21 mcf

1 well on this lease

Wells on BLAZE M5
API numberWell no.Status
42-461-42412502LHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Et Gathering & Processing LLCOilGathers100Feb 1, 2025–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Dec 3, 2023–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Dec 3, 2023–
Nustar Permian Trans and Stg,llcOilGathers100Dec 3, 2023Feb 1, 2025

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

Who buys my oilOil price check

2,603.20 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 M5
API numberWell no.Acreson the permit
42-461-42412502LH2,603.20

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 M5
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,8063,80817,44617,4460$80.46$2.89
Jun 20263,7983,80016,46816,44721$84.81$3.15
May 20264,3444,34318,34218,3420$102.13$2.94
Apr 20264,0904,09117,29917,2990$100.32$2.77
Mar 20264,9294,92317,79917,7990$91.38$3.04
Feb 20264,4044,41215,61315,6130$64.51$3.62
Jan 20265,7895,78716,84516,8450$60.04$7.72
Dec 20256,0386,03416,33216,3320$57.97$4.26
Nov 20256,2586,28016,57816,5780$60.06$3.79
Oct 20257,0066,99418,73818,7380$60.89$3.19
Sep 20257,6997,70720,59420,5940$63.96$2.97
Aug 20258,3518,35522,35822,3580$64.86$2.91
Jul 20257,6967,69920,79320,7930$68.39$3.20
Jun 20259,2369,21120,48620,4860$68.17$3.02
May 202511,10411,11022,49822,4980$62.17$3.12
Apr 202512,01712,03820,91220,9120$63.54$3.42
Mar 202514,43214,44920,42120,4210$68.24$4.12
Feb 202512,61612,62915,62615,6260$71.53$4.19
Jan 202515,44015,38017,43517,41025$75.74$4.13
Dec 20245,8885,8978,0638,0630$70.12$3.01
Nov 20249,1449,16812,24711,790457$69.95$2.12
Oct 202415,52915,52417,49717,43859$71.99$2.20
Sep 202417,22717,26418,21518,2150$70.24$2.28
Aug 202420,65020,59818,39818,3980$76.68$1.99
Jul 202420,45820,4131,3391,3390$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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