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Texas oil lease

Producing

CHANCE, B. E. HEIRS

Chance, B. E. Heirs is an oil lease in Hopkins County, Texas, operated by Valence Operating Company in the Ardis & Leggett (Paluxy) field.

2 wells

5,912bbl oil, last 12 months−8% vs prior year
Operator
Valence Operating Company
County
Hopkins County
Field
Ardis & Leggett (Paluxy)
RRC lease
05-01956

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Where it sits

This county

Hopkins CountyHopkinsFranklinHuntUpshurWoodDeltaRed RiverLamarTitusCampRainsFanninHopkins County
Hopkins County
Oil in Jul 2026
542 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 8% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 8% over the last 12 monthsMonthly oil production for CHANCE, B. E. HEIRS, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 5,912 bbl in the 12 months through Jul 2026, against 6,425 bbl in the 12 months before.Last 12 months: 5,912 bblbbl per month0200400600800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 8% over the last 12 monthsMonthly oil production for CHANCE, B. E. HEIRS, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 5,912 bbl in the 12 months through Jul 2026, against 6,425 bbl in the 12 months before.Last 12 monthsbbl per month0200400600800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

2 wells on this lease

Wells on CHANCE, B. E. HEIRS
API numberWell no.Status
42-223-300661Shut-in
42-223-304982Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100May 1, 2025–
Lion Oil Trading & Trans, LLCOilGathers100Aug 1, 2018May 1, 2025

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

Who buys my oilOil price check

70 acres on the newest permit

  • Worth asking

    A substandard-acreage flag is in the permit records

    The RRC permit records include a substandard-acreage flag. Ask which acreage applies to your well and how it was used in your decimal.

  • 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 Chance, B. E. Heirs
API numberWell no.Acreson the permit
42-223-30498270
42-223-300661–

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for CHANCE, B. E. HEIRS
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026542322$80.46$2.89
Jun 2026320627$84.81$3.15
May 2026402315$102.13$2.94
Apr 2026490478$100.32$2.77
Mar 2026547482$91.38$3.04
Feb 2026461470$64.51$3.62
Jan 2026425480$60.04$7.72
Dec 2025524634$57.97$4.26
Nov 2025604486$60.06$3.79
Oct 2025540663$60.89$3.19
Sep 2025547477$63.96$2.97
Aug 2025510478$64.86$2.91
Jul 2025615486$68.39$3.20
Jun 2025600640$68.17$3.02
May 2025460481$62.17$3.12
Apr 2025582648$63.54$3.42
Mar 2025579471$68.24$4.12
Feb 2025388466$71.53$4.19
Jan 2025361488$75.74$4.13
Dec 2024586474$70.12$3.01
Nov 2024590465$69.95$2.12
Oct 2024603635$71.99$2.20
Sep 2024523633$70.24$2.28
Aug 2024538630$76.68$1.99
Jul 2024676631$81.80$2.07
Jun 2024548628$79.77$2.54
May 2024513470$80.02$2.12
Apr 2024537474$85.35$1.60
Mar 2024368322$81.28$1.49
Feb 2024177152$77.25$1.72
Jan 2024214159$74.15$3.18
Dec 2023435453$71.90$2.52
Nov 2023450589$77.69$2.71
Oct 2023463314$85.64$2.98
Sep 2023417474$89.43$2.64
Aug 2023482425$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

OperatorValence Operating CompanyFieldArdis & Leggett (Paluxy)CountyHopkins County

Valence Operating Company in Hopkins County

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