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Texas oil lease

Producing

BULLET 27-12

Bullet 27-12 is an oil lease in Winkler County, Texas, operated by Cog Operating LLC in the Phantom (Wolfcamp) field.

1 well

3,796bbl oil, last 12 months−45% vs prior year
Operator
Cog Operating LLC
County
Winkler County
Field
Phantom (Wolfcamp)
RRC lease
08-51683

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
9,403 mcf
Oil in Jul 2026
301 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 2 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 45% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for BULLET 27-12, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 3,796 bbl in the 12 months through Jul 2026, against 6,902 bbl in the 12 months before.Last 12 months: 3,796 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for BULLET 27-12, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 3,796 bbl in the 12 months through Jul 2026, against 6,902 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Jan 24JulJan 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

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of BULLET 27-12 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of BULLET 27-12 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 11,084 mcf

  • Flared (4)

    0.0% · 1 mcf

1 well on this lease

Wells on BULLET 27-12
API numberWell no.Status
42-495-340491HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers50Jun 1, 2020–
Western Refining Company, L.p.OilGathers50Jun 1, 2020–
Targa Delaware LLCCasinghead gasGathers100Sep 5, 2018Jun 1, 2020
Targa Delaware LLCCasinghead gasBuys100Sep 5, 2018Jun 1, 2020
Western Refining Company, L.p.OilGathers100Sep 5, 2018Jun 1, 2020

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

Who buys my oilOil price check

480 acres on the newest permit

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Bullet 27-12
API numberWell no.Acreson the permit
42-495-340491H480

SourceRailroad Commission drilling permits, Oct 3, 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

36 months, newest first

Ledger for BULLET 27-12
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263010000$80.46$2.89
Jun 2026870000$84.81$3.15
May 20261971,2034844840$102.13$2.94
Apr 202659209849840$100.32$2.77
Mar 20266091,0461,6111,6110$91.38$3.04
Feb 20265631721,2111,2110$64.51$3.62
Jan 2026590000$60.04$7.72
Dec 202500000$57.97$4.26
Nov 2025541777437421$60.06$3.79
Oct 20257993611,5051,5050$60.89$3.19
Sep 20255031,0671,5241,5240$63.96$2.97
Aug 2025329451,3411,3410$64.86$2.91
Jul 202544101021020$68.39$3.20
Jun 202553601841840$68.17$3.02
May 20253961,39564640$62.17$3.12
Apr 20251,01901,3321,3320$63.54$3.42
Mar 2025301621620$68.24$4.12
Feb 202515006886880$71.53$4.19
Jan 20255143749829820$75.74$4.13
Dec 202462059579570$70.12$3.01
Nov 20246566799259250$69.95$2.12
Oct 20241,0335091,4241,4240$71.99$2.20
Sep 20249308841,7071,7070$70.24$2.28
Aug 20246044561,2301,2300$76.68$1.99
Jul 202443801,0151,0150$81.80$2.07
Jun 20249886752,1512,1510$79.77$2.54
May 20241,1011,374000$80.02$2.12
Apr 202425401,0661,0660$85.35$1.60
Mar 20246897291,3341,3340$81.28$1.49
Feb 20249911,0971,8411,8410$77.25$1.72
Jan 20241,0051,0742,2652,2650$74.15$3.18
Dec 20231,1601,2532,8592,8590$71.90$2.52
Nov 20231,3792,6633,1993,1990$77.69$2.71
Oct 20231,3241,1042,6972,6970$85.64$2.98
Sep 20231,0621,6093,3593,3590$89.43$2.64
Aug 20239061724,2404,2400$81.39$2.58

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 LLCFieldPhantom (Wolfcamp)CountyWinkler County

Cog Operating LLC in Winkler County

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Phantom (Wolfcamp) field

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