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Texas oil lease

Producing

FOSTER "1"

Foster "1" is an oil lease in Gaines County, Texas, operated by Basin Oil & Gas Operating, LLC in the Spraberry (Trend Area) field.

5 wells

1,735bbl oil, last 12 months−24% vs prior year
RRC lease
08-41916

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Where it sits

This county

Gaines CountyGainesYoakumDawsonTerryGaines County
Gaines County
Oil in Jul 2026
145 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 24% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production for FOSTER "1", Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 1,735 bbl in the 12 months through Jul 2026, against 2,276 bbl in the 12 months before.Last 12 months: 1,735 bblbbl per month0200400600800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production for FOSTER "1", Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 1,735 bbl in the 12 months through Jul 2026, against 2,276 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.

Who has run this lease

The operator changed 2 times, most recently in Mar 2022

Operators of this lease over timeThompson, J. Cleo, Jan 2020 to Mar 2020; EOG Resources, Inc., Apr 2020 to Feb 2022; Basin Oil & Gas Operating, LLC, Mar 2022 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Mar 2022Thompson, J. CleoJan 2020 to Mar 2020EOG Resources, Inc.Apr 2020 to Feb 2022Basin Oil & Gas Operating, LLCMar 2022 to now
Operators of this lease over timeThompson, J. Cleo, Jan 2020 to Mar 2020; EOG Resources, Inc., Apr 2020 to Feb 2022; Basin Oil & Gas Operating, LLC, Mar 2022 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Mar 2022Thompson, J. CleoJan 2020 to Mar 2020EOG Resources, Inc.Apr 2020 to Feb 2022Basin Oil & Gas Operating, LLCMar 2022 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on FOSTER "1"
API numberWell no.Status
42-165-373441Shut-in
42-165-374652Active
42-165-375243Shut-in
42-165-376434Active
42-165-380265Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Bml, Inc. BOilGathers100Mar 1, 2022–
West Texas Gas, Inc.Casinghead gasGathers100Jun 1, 2019Mar 1, 2022
West Texas Gas, Inc.Casinghead gasBuys100Jun 1, 2019Mar 1, 2022
Eog Resources Marketing LLCOilGathers50Mar 1, 2021Mar 1, 2022
Shell Trading (Us) CompanyOilGathers50Mar 1, 2021Mar 1, 2022
Eastex Crude CompanyOilGathers20Apr 1, 2020Mar 1, 2021
Eog Resources Marketing LLCOilGathers40Apr 1, 2020Mar 1, 2021

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

492.90 acres on the newest permit

Permits for Foster "1"
API numberWell no.Acreson the permit
42-165-380265492.90
42-165-376434492.90
42-165-375243492.90
42-165-374652492.90
42-165-373441492.98

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

Estimate your royalty

36 months, newest first

Ledger for FOSTER "1"
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026Basin Oil145145$80.46$2.89
Jun 2026Basin Oil158161$84.81$3.15
May 2026Basin Oil147178$102.13$2.94
Apr 2026Basin Oil153164$100.32$2.77
Mar 2026Basin Oil142176$91.38$3.04
Feb 2026Basin Oil131181$64.51$3.62
Jan 2026Basin Oil172172$60.04$7.72
Dec 2025Basin Oil1320$57.97$4.26
Nov 2025Basin Oil118175$60.06$3.79
Oct 2025Basin Oil193180$60.89$3.19
Sep 2025Basin Oil108124$63.96$2.97
Aug 2025Basin Oil136164$64.86$2.91
Jul 2025Basin Oil149173$68.39$3.20
Jun 2025Basin Oil148169$68.17$3.02
May 2025Basin Oil141170$62.17$3.12
Apr 2025Basin Oil1410$63.54$3.42
Mar 2025Basin Oil99172$68.24$4.12
Feb 2025Basin Oil110175$71.53$4.19
Jan 2025Basin Oil159174$75.74$4.13
Dec 2024Basin Oil176179$70.12$3.01
Nov 2024Basin Oil169175$69.95$2.12
Oct 2024Basin Oil308342$71.99$2.20
Sep 2024Basin Oil430531$70.24$2.28
Aug 2024Basin Oil246163$76.68$1.99
Jul 2024Basin Oil1380$81.80$2.07
Jun 2024Basin Oil292352$79.77$2.54
May 2024Basin Oil445542$80.02$2.12
Apr 2024Basin Oil432363$85.35$1.60
Mar 2024Basin Oil498544$81.28$1.49
Feb 2024Basin Oil438349$77.25$1.72
Jan 2024Basin Oil461526$74.15$3.18
Dec 2023Basin Oil480366$71.90$2.52
Nov 2023Basin Oil493732$77.69$2.71
Oct 2023Basin Oil490503$85.64$2.98
Sep 2023Basin Oil586498$89.43$2.64
Aug 2023Basin Oil491660$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

Basin Oil & Gas Operating, LLC in Gaines County

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Spraberry (Trend Area) field

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