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Texas oil lease

Producing

FRASER TXL A5

Fraser TXL A5 is an oil lease in Midland County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

1 well

11,457bbl oil, last 12 months−32% vs prior year
Operator
Cog Operating LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-56779

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
119,325 mcf
Oil in Jul 2026
369 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.

See why checks stop on this lease

Production by month

Oil output fell 32% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for FRASER TXL A5, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 11,457 bbl in the 12 months through Jul 2026, against 16,813 bbl in the 12 months before.Last 12 months: 11,457 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for FRASER TXL A5, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 11,457 bbl in the 12 months through Jul 2026, against 16,813 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kJan 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 A5 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 A5 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% · 117,451 mcf

  • Lease fuel (1)

    1.3% · 1,575 mcf

  • Flared (4)

    0.3% · 299 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 A5
API numberWell no.Status
42-329-44273503MHActive

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 12, 2021Feb 1, 2025
Energy Transfer CompanyCasinghead gasBuys100Oct 12, 2021Feb 1, 2025
Nustar Permian Trans and Stg,llcOilGathers100Oct 12, 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

  • 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.

  • 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 Fraser TXL A5
API numberWell no.Acreson the permit
42-329-44273503MH643.83

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 A5
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263694021,3761,3489$80.46$2.89
Jun 20269509154,3144,21138$84.81$3.15
May 20263653964,5594,4970$102.13$2.94
Apr 20268077837,2107,1150$100.32$2.77
Mar 202652857718,99218,7430$91.38$3.04
Feb 20261,8391,80816,05215,8400$64.51$3.62
Jan 20269099399,3388,971232$60.04$7.72
Dec 20251,6811,62821,49321,2130$57.97$4.26
Nov 20253623576,5646,4740$60.06$3.79
Oct 20253794162,8782,82120$60.89$3.19
Sep 20251,6441,64114,24214,0660$63.96$2.97
Aug 20251,6241,62312,30712,1520$64.86$2.91
Jul 20251,2961,2888,2198,1140$68.39$3.20
Jun 20251,1841,1918,7868,6750$68.17$3.02
May 20251,3541,3729,2359,1160$62.17$3.12
Apr 20251,6841,6628,4738,3690$63.54$3.42
Mar 20251,5631,5698,2388,1250$68.24$4.12
Feb 20251,3071,3145,1515,0800$71.53$4.19
Jan 20251,3171,3336,3286,19835$75.74$4.13
Dec 20241,2661,2628,5628,4460$70.12$3.01
Nov 20249971,0227,6067,4990$69.95$2.12
Oct 20241,4831,4419,6009,45829$71.99$2.20
Sep 20241,5971,58910,62710,5150$70.24$2.28
Aug 20241,7651,77811,08410,9670$76.68$1.99
Jul 20241,9471,94311,83511,377339$81.80$2.07
Jun 20241,8541,84711,05110,657291$79.77$2.54
May 20241,9111,91411,15510,315739$80.02$2.12
Apr 20242,1022,10211,65011,5520$85.35$1.60
Mar 20242,2622,26911,83111,566163$81.28$1.49
Feb 20242,2282,22711,63811,5410$77.25$1.72
Jan 20242,3642,36611,46811,3660$74.15$3.18
Dec 20232,6252,64911,99811,85641$71.90$2.52
Nov 20232,4832,47610,56210,4700$77.69$2.71
Oct 20232,5592,5178,5328,42040$85.64$2.98
Sep 20239601,0074,7164,61857$89.43$2.64
Aug 20232,7402,72414,46014,3347$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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