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Texas oil lease

Producing

COLLINS OIL UNIT

Collins Oil Unit is an oil lease in Panola County, Texas, operated by Diversified Production LLC in the Carthage (Hill, Southwest) field.

1 well

5,664bbl oil, last 12 months−16% vs prior year
Operator
Diversified Production LLC
County
Panola County
Field
Carthage (Hill, Southwest)
RRC lease
06-14187

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Where it sits

This county

Panola CountyPanolaGreggUpshurShelbyRuskHarrisonMarionPanola County
Panola County
Gas, last 12 months
2,487 mcf
Oil in Jul 2026
239 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Diversified Production LLC took over from Sheridan Production Co III, LLC in May 2026.

  • Buyer

    Buyer changed: DIVERSIFIED PRODUCTION LLC replaced SHERIDAN PRODUCTION CO III, LLC as the buyer of this lease's gas from oil wells on May 1, 2026.

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

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Production by month

Oil output fell 16% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for COLLINS OIL UNIT, Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 5,664 bbl in the 12 months through Jul 2026, against 6,724 bbl in the 12 months before.Last 12 months: 5,664 bblbbl per monthmcf per month00200100400200600300800400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for COLLINS OIL UNIT, Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 5,664 bbl in the 12 months through Jul 2026, against 6,724 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200100400200600300800400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission line

  • Transmission line (2)
  • Lease fuel (1)
Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission lineShare of COLLINS OIL UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission line.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission lineShare of COLLINS OIL UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission line.Share of gas by disposition code0%50%100%Jul 26: line to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    77% · 1,910 mcf

  • Transmission line (2)

    23% · 577 mcf

Who has run this lease

The operator changed once, most recently in May 2026

Operators of this lease over timeSheridan Production Co III, LLC, Jan 2020 to Apr 2026; Diversified Production LLC, May 2026 to Jul 20262020202120222023202420252026Changed May 2026Sheridan Production Co III, L…Jan 2020 to Apr 2026Diversified Production LLCMay 2026 to now
Operators of this lease over timeSheridan Production Co III, LLC, Jan 2020 to Apr 2026; Diversified Production LLC, May 2026 to Jul 20262020202120222023202420252026Changed May 2026Sheridan Production Co III, LLCJan 2020 to Apr 2026Diversified Production LLCMay 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on COLLINS OIL UNIT
API numberWell no.Status
42-365-3413412UActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers34May 1, 2026–
Eastex Crude Company, LLCOilGathers33May 1, 2026–
Plains Marketing, L.p.OilGathers33May 1, 2026–
Diversified Production LLCCasinghead gasBuys100May 1, 2026–
Markwest Energy E TX Gas Co, LLCCasinghead gasGathers100Nov 1, 2008–
Sheridan Production CO Iii, LLCCasinghead gasBuys100Mar 1, 2020May 1, 2026
Eastex Crude Company, LLCOilGathers100Jan 1, 2023May 1, 2026
Eastex Crude CompanyOilGathers100Oct 7, 2002Jan 1, 2023
Sheridan Production Company, LLCCasinghead gasBuys100Aug 1, 2019Mar 1, 2020
Devon Energy Production Co, L.p.Casinghead gasBuys100Oct 7, 2002Aug 1, 2019

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

Who buys my oilOil price check

40 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one 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 Collins Oil Unit
API numberWell no.Acreson the permit
42-365-3413412U40

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for COLLINS OIL UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diversified Production2393218000$80.46$2.89
Jun 2026Diversified Production37534293930$84.81$3.15
May 2026Diversified Production4445191321320$102.13$2.94
Apr 2026Sheridan Production4815381141140$100.32$2.77
Mar 2026Sheridan Production5515121281280$91.38$3.04
Feb 2026Sheridan Production4553381101100$64.51$3.62
Jan 2026Sheridan Production57168530000$60.04$7.72
Dec 2025Sheridan Production40534331000$57.97$4.26
Nov 2025Sheridan Production48851030000$60.06$3.79
Oct 2025Sheridan Production54751431000$60.89$3.19
Sep 2025Sheridan Production55968130000$63.96$2.97
Aug 2025Sheridan Production54951831000$64.86$2.91
Jul 2025Sheridan Production46435131000$68.39$3.20
Jun 2025Sheridan Production5566713603100$68.17$3.02
May 2025Sheridan Production5505173573570$62.17$3.12
Apr 2025Sheridan Production6425283783180$63.54$3.42
Mar 2025Sheridan Production508702365550$68.24$4.12
Feb 2025Sheridan Production57652128000$71.53$4.19
Jan 2025Sheridan Production54950731000$75.74$4.13
Dec 2024Sheridan Production60168331000$70.12$3.01
Nov 2024Sheridan Production634530371710$69.95$2.12
Oct 2024Sheridan Production60568631000$71.99$2.20
Sep 2024Sheridan Production51450929500$70.24$2.28
Aug 2024Sheridan Production52551331000$76.68$1.99
Jul 2024Sheridan Production56752331000$81.80$2.07
Jun 2024Sheridan Production38834230000$79.77$2.54
May 2024Sheridan Production62968131000$80.02$2.12
Apr 2024Sheridan Production57151030000$85.35$1.60
Mar 2024Sheridan Production62267331000$81.28$1.49
Feb 2024Sheridan Production58650029000$77.25$1.72
Jan 2024Sheridan Production59165831000$74.15$3.18
Dec 2023Sheridan Production54151231000$71.90$2.52
Nov 2023Sheridan Production51650830330$77.69$2.71
Oct 2023Sheridan Production688692336260$85.64$2.98
Sep 2023Sheridan Production67984930000$89.43$2.64
Aug 2023Sheridan Production453337329190$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

OperatorDiversified Production LLCFieldCarthage (Hill, Southwest)CountyPanola County

Diversified Production LLC in Panola County

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Carthage (Hill, Southwest) field

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