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Texas oil lease

Producing

COBRA KAI D 47-02

Cobra Kai D 47-02 is an oil lease in Howard County, Texas, operated by Surge Operating, LLC in the Spraberry (Trend Area) field.

1 well

65,698bbl oil, last 12 months
RRC lease
08-64039

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
152,965 mcf
Oil in Jul 2026
3,614 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 27, 2026.

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

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Production by month

Oil output fell 64% since Jun 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 64% since Jun 2025Monthly oil production and gas for COBRA KAI D 47-02, Jun 2025 to Jul 2026. Oil output fell 64% since Jun 2025. Monthly average of 3,992 bbl in the latest 3 months, against 11,001 bbl in the first 3.bbl per monthmcf per month002,5005,0005,00010k7,50015k10k20k12.5k25kJul 25OctJan 26AprJul
Oil output fell 64% since Jun 2025Monthly oil production and gas for COBRA KAI D 47-02, Jun 2025 to Jul 2026. Oil output fell 64% since Jun 2025. Monthly average of 3,992 bbl in the latest 3 months, against 11,001 bbl in the first 3.bbl per monthmcf per month002,5005,0005,00010k7,50015k10k20k12.5k25kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

72% of the gas went to a processing plant in the last 12 months

Flaring peaked at 95.2% of the gas in Jun 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
72% of the gas went to a processing plant in the last 12 monthsShare of COBRA KAI D 47-02 gas by disposition code each month, Jun 2025 to Jul 2026. 72% of the gas went to a processing plant in the last 12 months. Flaring peaked at 95.2% of the gas in Jun 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 95.2%Jul 25OctJan 26AprJul
72% of the gas went to a processing plant in the last 12 monthsShare of COBRA KAI D 47-02 gas by disposition code each month, Jun 2025 to Jul 2026. 72% of the gas went to a processing plant in the last 12 months. Flaring peaked at 95.2% of the gas in Jun 2025.Share of gas by disposition code0%50%100%Flared 95.2%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    72% · 109,714 mcf

  • Flared (4)

    17% · 26,674 mcf

  • Lease fuel (1)

    11% · 16,577 mcf

17.4% of the gas flared in the last 12 months. 12 months above 3%.

1 well on this lease

Wells on COBRA KAI D 47-02
API numberWell no.Status
42-227-426584DHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers95Mar 27, 2026–
Rio Energy International, Inc.OilGathers5Mar 27, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 27, 2026–
Energy Transfer CompanyCasinghead gasGathers100Jun 5, 2025–
Etc Gas Processing, LLCCasinghead gasBuys100Jun 5, 2025Mar 27, 2026
Medallion Operating Company, LLCOilGathers100Jun 5, 2025Mar 27, 2026

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

1,043.63 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.

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Permits for Cobra Kai D 47-02
API numberWell no.Acreson the permit
42-227-426584DH1,043.63

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Estimate your royalty

14 months, newest first

Ledger for COBRA KAI D 47-02
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,6143,6209,8468,678785$80.46$2.89
Jun 20263,7363,7309,7258,461825$84.81$3.15
May 20264,6264,60910,88610,18497$102.13$2.94
Apr 20262,5532,5663,4523,118130$100.32$2.77
Mar 20264,2324,24010,4448,453507$91.38$3.04
Feb 20264,3914,38310,6435,1184,031$64.51$3.62
Jan 20264,5644,56410,8188,1711,235$60.04$7.72
Dec 20255,3875,40712,68511,185123$57.97$4.26
Nov 20256,0105,99314,65912,329755$60.06$3.79
Oct 20257,0377,04917,70713,1062,635$60.89$3.19
Sep 20258,4598,45321,96915,0023,834$63.96$2.97
Aug 202511,08911,11320,1315,90911,717$64.86$2.91
Jul 202511,84111,90613,048012,242$68.39$3.20
Jun 202510,0749,9469,62709,163$68.17$3.02

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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