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Texas oil lease

Producing

FRASER TXL A1

Fraser TXL A1 is an oil lease in Midland County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

1 well

9,675bbl oil, last 12 months−2% vs prior year
Operator
Cog Operating LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-56767

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
98,014 mcf
Oil in Jul 2026
1,392 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: TARGA PL MID-CONT WESTTEX LLC replaced ENERGY TRANSFER COMPANY as the buyer of this lease's gas from oil wells on Feb 1, 2025.

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

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Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for FRASER TXL A1, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 9,675 bbl in the 12 months through Jul 2026, against 9,852 bbl in the 12 months before.Last 12 months: 9,675 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for FRASER TXL A1, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 9,675 bbl in the 12 months through Jul 2026, against 9,852 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the last 12 months

Flaring peaked at 6.6% of the gas in May 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
98% of the gas went to a processing plant in the last 12 monthsShare of FRASER TXL A1 gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 6.6% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 6.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a processing plant in the last 12 monthsShare of FRASER TXL A1 gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 6.6% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 6.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 96,253 mcf

  • Lease fuel (1)

    1.3% · 1,303 mcf

  • Flared (4)

    0.5% · 458 mcf

0.5% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on FRASER TXL A1
API numberWell no.Status
42-329-44269501LHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Et Gathering & Processing LLCOilGathers100Feb 1, 2025–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Feb 1, 2025–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Feb 1, 2025–
Energy Transfer CompanyCasinghead gasGathers100Oct 10, 2021Feb 1, 2025
Energy Transfer CompanyCasinghead gasBuys100Oct 10, 2021Feb 1, 2025
Nustar Permian Trans and Stg,llcOilGathers100Oct 10, 2021Feb 1, 2025

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

Who buys my oilOil price check

321.93 acres on the newest permit

Check your decimal on this lease
Permits for Fraser TXL A1
API numberWell no.Acreson the permit
42-329-44269501LH321.93

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

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What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for FRASER TXL A1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,3921,3607,8877,72852$80.46$2.89
Jun 20266136054,1204,02236$84.81$3.15
May 20265715906,7196,6270$102.13$2.94
Apr 20267537419,8869,7550$100.32$2.77
Mar 20267367263,4143,3690$91.38$3.04
Feb 20265335395,1225,0540$64.51$3.62
Jan 202661362612,05211,579299$60.04$7.72
Dec 20259519495,3295,2600$57.97$4.26
Nov 20258007925,6725,5940$60.06$3.79
Oct 202592091810,0599,85771$60.89$3.19
Sep 202594293815,11514,9280$63.96$2.97
Aug 202585185612,63912,4800$64.86$2.91
Jul 202583382614,04413,8640$68.39$3.20
Jun 202570270013,27713,1090$68.17$3.02
May 202560760810,63910,5020$62.17$3.12
Apr 20255705676,4796,4000$63.54$3.42
Mar 202570571711,04910,8980$68.24$4.12
Feb 20258518718,2198,1060$71.53$4.19
Jan 20251,2531,2418,1878,01945$75.74$4.13
Dec 20247077178,3468,2330$70.12$3.01
Nov 20247327395,5685,4900$69.95$2.12
Oct 20249028756,7086,60920$71.99$2.20
Sep 20249359317,0646,9900$70.24$2.28
Aug 20241,0551,0596,7806,7080$76.68$1.99
Jul 20241,0361,0364,8674,678140$81.80$2.07
Jun 20241,0691,0685,6525,450149$79.77$2.54
May 20241,2071,2078,0417,435533$80.02$2.12
Apr 20241,2631,2638,3628,2910$85.35$1.60
Mar 20241,3721,3768,1427,960112$81.28$1.49
Feb 20241,3391,3386,0235,9730$77.25$1.72
Jan 20241,4051,4065,3665,3180$74.15$3.18
Dec 20231,5221,5375,3645,30118$71.90$2.52
Nov 20231,4901,4835,7205,6700$77.69$2.71
Oct 20231,4251,4345,4765,40426$85.64$2.98
Sep 20231,6661,6645,7795,66069$89.43$2.64
Aug 20231,6791,6716,0285,9753$81.39$2.58

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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Nearby

This lease belongs to

OperatorCog Operating LLCFieldSpraberry (Trend Area)CountyMidland County

Cog Operating LLC in Midland County

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Spraberry (Trend Area) field

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