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Texas oil lease

Producing

CATON

Caton is an oil lease in Gaines County, Texas, operated by Crescent Energy Operating, LLC in the Tex-Mex, Se. (Wichita Albany) field.

8 wells

2,648bbl oil, last 12 months−19% vs prior year
Operator
Crescent Energy Operating, LLC
County
Gaines County
Field
Tex-Mex, Se. (Wichita Albany)
RRC lease
8A-65491

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Where it sits

This county

Gaines CountyGainesYoakumDawsonTerryGaines County
Gaines County
Gas, last 12 months
56,406 mcf
Oil in Jul 2026
226 bbl

Production by month

Oil output fell 19% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for CATON, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 2,648 bbl in the 12 months through Jul 2026, against 3,253 bbl in the 12 months before.Last 12 months: 2,648 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for CATON, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 2,648 bbl in the 12 months through Jul 2026, against 3,253 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission line

Flaring peaked at 91.1% of the gas in Mar 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission lineShare of CATON gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 91.1% of the gas in Mar 2024.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2025: line to fuelFlared 91.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission lineShare of CATON gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 91.1% of the gas in Mar 2024.Share of gas by disposition code0%50%100%Jul 25: line to fuelFlared 91.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    67% · 37,806 mcf

  • Flared (4)

    33% · 18,600 mcf

33.0% of the gas flared in the last 12 months. 29 months above 3%.

Who has run this lease

The operator changed 4 times, most recently in Nov 2025

Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Nov 2021; Contango Resources, Inc., Dec 2021 to Dec 2021; Contango Resources, LLC, Jan 2022 to Oct 2025; Crescent Energy Operating, LLC, Nov 2025 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Dec 2021Changed Jan 2022Changed Nov 2025Sheridan Production Company,…Jan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Nov 2021Contango Resources, Inc.Dec 2021 to Dec 2021Contango Resources, LLCJan 2022 to Oct 2025Crescent Energy Operating, LLCNov 2025 to now
Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Nov 2021; Contango Resources, Inc., Dec 2021 to Dec 2021; Contango Resources, LLC, Jan 2022 to Oct 2025; Crescent Energy Operating, LLC, Nov 2025 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Dec 2021Changed Jan 2022Changed Nov 2025Sheridan Production Company, LLCJan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Nov 2021Contango Resources, Inc.Dec 2021 to Dec 2021Contango Resources, LLCJan 2022 to Oct 2025Crescent Energy Operating, LLCNov 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

8 wells on this lease

Wells on CATON
API numberWell no.Status
42-165-333161Shut-in
42-165-333882Shut-in
42-165-360193IActive
42-165-366524Shut-in
42-165-366535Shut-in
42-165-371076Active
42-165-372737Active
42-165-373808Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enterprise Crude Oil LLCOilGathers50May 1, 2013
Enterprise Crude Pipeline LLCOilGathers50May 1, 2013
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017

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

Who buys my oilOil price check

160.36 acres on the newest permit

8 wells are listed on this lease

Permits for Caton
API numberWell no.Acreson the permit
42-165-373808160.36
42-165-372737160.36
42-165-371076160.36
42-165-366524160
42-165-366535160
42-165-360193I160
42-165-333882160
42-165-333161160

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

Unit decimal checker

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for CATON
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Crescent Energy2262904,89801,550$80.46$2.89
Jun 2026Crescent Energy2391714,74001,550$84.81$3.15
May 2026Crescent Energy2352994,89801,550$102.13$2.94
Apr 2026Crescent Energy2212294,74001,550$100.32$2.77
Mar 2026Crescent Energy2372654,89801,550$91.38$3.04
Feb 2026Crescent Energy3282934,42401,550$64.51$3.62
Jan 2026Crescent Energy3613623,95001,550$60.04$7.72
Dec 2025Crescent Energy3283344,89801,550$57.97$4.26
Nov 2025Crescent Energy1231074,74001,550$60.06$3.79
Oct 2025Contango Resources,1001334,89801,550$60.89$3.19
Sep 2025Contango Resources,1431264,74001,550$63.96$2.97
Aug 2025Contango Resources,107774,58201,550$64.86$2.91
Jul 2025Contango Resources,1381164,8761821,550$68.39$3.20
Jun 2025Contango Resources,1241244,4713,2801,191$68.17$3.02
May 2025Contango Resources,1482144,8491,4241,550$62.17$3.12
Apr 2025Contango Resources,4905114,3472,6091,550$63.54$3.42
Mar 2025Contango Resources,8728974,4094,274135$68.24$4.12
Feb 2025Contango Resources,3262532,7582,7580$71.53$4.19
Jan 2025Contango Resources,1661033,5123,5120$75.74$4.13
Dec 2024Contango Resources,1481833,4561,9961,460$70.12$3.01
Nov 2024Contango Resources,1392233,4872,877610$69.95$2.12
Oct 2024Contango Resources,2471771,5361,51620$71.99$2.20
Sep 2024Contango Resources,2753784,1854,1850$70.24$2.28
Aug 2024Contango Resources,1801582,8062,514292$76.68$1.99
Jul 2024Contango Resources,2782052,3347891,545$81.80$2.07
Jun 2024Contango Resources,2532032,3459051,440$79.77$2.54
May 2024Contango Resources,2122482,0924721,620$80.02$2.12
Apr 2024Contango Resources,4214161,853953900$85.35$1.60
Mar 2024Contango Resources,2853661,7011411,550$81.28$1.49
Feb 2024Contango Resources,2591862,8522521,550$77.25$1.72
Jan 2024Contango Resources,2112163,0001,9161,084$74.15$3.18
Dec 2023Contango Resources,1863513,1652,832333$71.90$2.52
Nov 2023Contango Resources,5533073,6413,55190$77.69$2.71
Oct 2023Contango Resources,4625713,9433,9430$85.64$2.98
Sep 2023Contango Resources,3712,2341,0841,150$89.43$2.64
Aug 2023Contango Resources,1231321,3051,3050$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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This lease belongs to

OperatorCrescent Energy Operating, LLCFieldTex-Mex, Se. (Wichita Albany)CountyGaines County

Crescent Energy Operating, LLC in Gaines County

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Tex-Mex, Se. (Wichita Albany) field

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