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Texas oil lease

Producing

FRASER TXL A4

Fraser TXL A4 is an oil lease in Midland County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

1 well

10,653bbl oil, last 12 months−30% vs prior year
Operator
Cog Operating LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-56780

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
287,014 mcf
Oil in Jul 2026
1,454 bbl

Production by month

Oil output fell 30% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for FRASER TXL A4, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 10,653 bbl in the 12 months through Jul 2026, against 15,222 bbl in the 12 months before.Last 12 months: 10,653 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for FRASER TXL A4, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 10,653 bbl in the 12 months through Jul 2026, against 15,222 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040kJan 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 A4 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 A4 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% · 282,197 mcf

  • Lease fuel (1)

    1.3% · 3,819 mcf

  • Flared (4)

    0.3% · 998 mcf

0.3% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on FRASER TXL A4
API numberWell no.Status
42-329-44272503BHActive

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 6, 2021Feb 1, 2025
Energy Transfer CompanyCasinghead gasBuys100Oct 6, 2021Feb 1, 2025
Nustar Permian Trans and Stg,llcOilGathers100Oct 6, 2021Feb 1, 2025

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

Who buys my oilOil price check

643.83 acres on the newest permit

An allocation well is on this lease

Permits for Fraser TXL A4
API numberWell no.Acreson the permit
42-329-44272503BH643.83

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

Unit decimal checker

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 A4
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,4541,40821,76721,328145$80.46$2.89
Jun 202638839018,64418,201163$84.81$3.15
May 202655055122,92122,6070$102.13$2.94
Apr 202642945125,32524,9900$100.32$2.77
Mar 20261,0721,05024,16623,8490$91.38$3.04
Feb 202662865317,69617,4630$64.51$3.62
Jan 20261,1201,10220,47919,675508$60.04$7.72
Dec 202573774721,14820,8730$57.97$4.26
Nov 202586485820,63120,3470$60.06$3.79
Oct 20251,1001,09225,96425,444182$60.89$3.19
Sep 202591192333,26632,8540$63.96$2.97
Aug 20251,4001,40335,00734,5660$64.86$2.91
Jul 20251,1871,16826,59126,2510$68.39$3.20
Jun 202573174124,11823,8120$68.17$3.02
May 20251,0251,02319,78119,5260$62.17$3.12
Apr 202584583220,17519,9280$63.54$3.42
Mar 202571172211,27311,1190$68.24$4.12
Feb 202582283212,47312,3020$71.53$4.19
Jan 20259661,01614,88314,57782$75.74$4.13
Dec 20241,6461,65814,26014,0660$70.12$3.01
Nov 20241,5401,55219,78619,5080$69.95$2.12
Oct 20241,8621,80523,87823,52571$71.99$2.20
Sep 20241,8631,85225,87825,6060$70.24$2.28
Aug 20242,0242,02627,35227,0630$76.68$1.99
Jul 20241,7081,70729,23728,106838$81.80$2.07
Jun 20241,7181,71027,58526,601726$79.77$2.54
May 20241,7351,73727,29325,2361,809$80.02$2.12
Apr 20241,8781,87828,34928,1100$85.35$1.60
Mar 20242,0262,03628,77128,126397$81.28$1.49
Feb 20242,1422,14329,76729,5180$77.25$1.72
Jan 20242,3642,36629,16528,9050$74.15$3.18
Dec 20232,5892,60830,06829,713103$71.90$2.52
Nov 20232,3012,29224,11923,9090$77.69$2.71
Oct 20232,3132,33127,15526,797129$85.64$2.98
Sep 20232,8072,81535,06134,335422$89.43$2.64
Aug 20233,2553,22938,34338,00918$81.39$2.58

Flared above 3%

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