Skip to content
Royalty Clerk

Texas oil lease

Producing

FRASER TXL B5

Fraser TXL B5 is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Pegasus (Consolidated) field.

1 well

18,266bbl oil, last 12 months−46% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Pegasus (Consolidated)
RRC lease
7C-21535

Is your check right?

Check my statement

Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
441,939 mcf
Oil in Jul 2026
1,017 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 46% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 46% over the last 12 monthsMonthly oil production and gas for FRASER TXL B5, Aug 2023 to Jul 2026. Oil output fell 46% over the last 12 months. 18,266 bbl in the 12 months through Jul 2026, against 33,961 bbl in the 12 months before.Last 12 months: 18,266 bblbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 46% over the last 12 monthsMonthly oil production and gas for FRASER TXL B5, Aug 2023 to Jul 2026. Oil output fell 46% over the last 12 months. 18,266 bbl in the 12 months through Jul 2026, against 33,961 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of FRASER TXL B5 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of FRASER TXL B5 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 441,914 mcf

  • Flared (4)

    0.0% · 25 mcf

1 well on this lease

Wells on FRASER TXL B5
API numberWell no.Status
42-461-416294901BHActive

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 gasGathers100Jul 5, 2021Feb 1, 2025
Energy Transfer CompanyCasinghead gasBuys100Jul 5, 2021Feb 1, 2025
Nustar Permian Trans and Stg,llcOilGathers100Jul 5, 2021Feb 1, 2025

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

Who buys my oilOil price check

12,182.10 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 B5
API numberWell no.Acreson the permit
42-461-416294901BH12,182.10

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 B5
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,0171,02326,89226,8920$80.46$2.89
Jun 20261,4341,42830,32230,29725$84.81$3.15
May 20261,5091,51031,28331,2830$102.13$2.94
Apr 20261,5651,57227,05127,0510$100.32$2.77
Mar 20261,8401,82634,61834,6180$91.38$3.04
Feb 20261,3721,35933,05933,0590$64.51$3.62
Jan 202686588537,56337,5630$60.04$7.72
Dec 20251,3191,32041,42841,4280$57.97$4.26
Nov 20251,7301,72840,20240,2020$60.06$3.79
Oct 20251,9481,93743,38343,3830$60.89$3.19
Sep 20251,5611,58243,21843,2180$63.96$2.97
Aug 20252,1062,08952,92052,9200$64.86$2.91
Jul 20252,2362,23054,55254,5520$68.39$3.20
Jun 20252,2782,26852,91652,9160$68.17$3.02
May 20252,4072,40155,54155,5410$62.17$3.12
Apr 20252,3942,42654,80454,8040$63.54$3.42
Mar 20252,4742,44653,48853,4880$68.24$4.12
Feb 20252,3872,39251,07951,0790$71.53$4.19
Jan 20252,7292,71965,99865,9980$75.74$4.13
Dec 20242,8542,85371,07971,0790$70.12$3.01
Nov 20242,9732,97763,27362,0541,219$69.95$2.12
Oct 20243,4893,50674,46774,4670$71.99$2.20
Sep 20243,6293,64374,76174,7610$70.24$2.28
Aug 20244,1114,21959,77259,310462$76.68$1.99
Jul 20244,9844,97249,53849,5380$81.80$2.07
Jun 20244,5924,54851,87951,8790$79.77$2.54
May 20245,2095,19951,58651,5860$80.02$2.12
Apr 20246,3236,41051,20751,2070$85.35$1.60
Mar 20247,1687,12241,82241,8220$81.28$1.49
Feb 20245,1605,03113,45913,4590$77.25$1.72
Jan 202410712612120$74.15$3.18
Dec 202368366173730$71.90$2.52
Nov 202300000$77.69$2.71
Oct 202301000$85.64$2.98
Sep 20239910711110$89.43$2.64
Aug 20239089273313310$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorCog Operating LLCFieldPegasus (Consolidated)CountyUpton County

Cog Operating LLC in Upton County

All Cog Operating LLC leases →

Pegasus (Consolidated) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km