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Texas oil lease

Producing

BLAZE M7

Blaze M7 is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Pegasus (Consolidated) field.

1 well

91,747bbl oil, last 12 months−51% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Pegasus (Consolidated)
RRC lease
7C-22465

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
268,529 mcf
Oil in Jul 2026
4,730 bbl

Production by month

Oil output fell 51% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 51% over the last 12 monthsMonthly oil production and gas for BLAZE M7, Jun 2024 to Jul 2026. Oil output fell 51% over the last 12 months. 91,747 bbl in the 12 months through Jul 2026, against 185,552 bbl in the 12 months before.Last 12 months: 91,747 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 51% over the last 12 monthsMonthly oil production and gas for BLAZE M7, Jun 2024 to Jul 2026. Oil output fell 51% over the last 12 months. 91,747 bbl in the 12 months through Jul 2026, against 185,552 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 6.3% of the gas in Jun 2024.

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of BLAZE M7 gas by disposition code each month, Jun 2024 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 6.3% of the gas in Jun 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 6.3%Jul 24OctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of BLAZE M7 gas by disposition code each month, Jun 2024 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 6.3% of the gas in Jun 2024.Share of gas by disposition code0%50%100%Flared 6.3%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 268,501 mcf

  • Flared (4)

    0.0% · 28 mcf

1 well on this lease

Wells on BLAZE M7
API numberWell no.Status
42-461-42414503LHActive

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 gasBuys100Feb 9, 2024–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Feb 9, 2024–
Nustar Permian Trans and Stg,llcOilGathers100Feb 9, 2024Feb 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

An allocation well is on this lease

Permits for Blaze M7
API numberWell no.Acreson the permit
42-461-42414503LH2,603.20

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

26 months, newest first

Ledger for BLAZE M7
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,7304,73914,77814,7780$80.46$2.89
Jun 20265,4275,43021,74121,71328$84.81$3.15
May 20266,1786,17923,15423,1540$102.13$2.94
Apr 20265,9965,99821,94221,9420$100.32$2.77
Mar 20267,2197,20823,94323,9430$91.38$3.04
Feb 20266,2936,29619,95619,9560$64.51$3.62
Jan 20267,0227,02620,19720,1970$60.04$7.72
Dec 20258,2848,27823,23723,2370$57.97$4.26
Nov 20258,5438,57623,95423,9540$60.06$3.79
Oct 20259,8959,87524,34924,3490$60.89$3.19
Sep 202510,38410,39724,60224,6020$63.96$2.97
Aug 202511,77611,79126,67626,6760$64.86$2.91
Jul 202512,05212,05127,96327,9630$68.39$3.20
Jun 202513,48713,45327,50727,5070$68.17$3.02
May 202517,18217,20429,80129,8010$62.17$3.12
Apr 202522,15122,19032,11632,1160$63.54$3.42
Mar 202526,66226,61727,63227,6320$68.24$4.12
Feb 202511,21711,17011,38611,3860$71.53$4.19
Jan 20253,8553,8874,3634,3576$75.74$4.13
Dec 202410,08410,06910,86010,8600$70.12$3.01
Nov 20248,8708,9078,8928,560332$69.95$2.12
Oct 202418,20218,19119,61619,55066$71.99$2.20
Sep 202418,97119,01222,00822,0080$70.24$2.28
Aug 202422,81922,77726,03426,0340$76.68$1.99
Jul 202429,56529,69911,82211,8220$81.80$2.07
Jun 202411,44011,2413,1182,922196$79.77$2.54

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

OperatorCog Operating LLCFieldPegasus (Consolidated)CountyUpton County

Cog Operating LLC in Upton County

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Pegasus (Consolidated) field

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