Skip to content
Royalty Clerk

Texas oil lease

Producing

FRASER TXL Q4

Fraser TXL Q4 is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Pegasus (Consolidated) field.

1 well

39,250bbl oil, last 12 months−26% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Pegasus (Consolidated)
RRC lease
7C-21479

Is your check right?

Check my statement

Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
431,722 mcf
Oil in Jul 2026
2,432 bbl

Production by month

Oil output fell 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for FRASER TXL Q4, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 39,250 bbl in the 12 months through Jul 2026, against 52,825 bbl in the 12 months before.Last 12 months: 39,250 bblbbl per monthmcf per month002,50025k5,00050k7,50075k10k100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for FRASER TXL Q4, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 39,250 bbl in the 12 months through Jul 2026, against 52,825 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50025k5,00050k7,50075k10k100kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a processing plant in the last 12 monthsShare of FRASER TXL Q4 gas by disposition code each month, Aug 2023 to Jul 2026. 96% 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
96% of the gas went to a processing plant in the last 12 monthsShare of FRASER TXL Q4 gas by disposition code each month, Aug 2023 to Jul 2026. 96% 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)

    96% · 415,784 mcf

  • Lease fuel (1)

    3.6% · 15,707 mcf

  • Flared (4)

    0.1% · 231 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

1 well on this lease

Wells on FRASER TXL Q4
API numberWell no.Status
42-461-417203201BHActive

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 gasBuys100Dec 1, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Dec 1, 2021–
Nustar Permian Trans and Stg,llcOilGathers100May 24, 2021Feb 1, 2025
Energy Transfer CompanyCasinghead gasGathers100May 24, 2021Dec 1, 2021
Energy Transfer CompanyCasinghead gasBuys100May 24, 2021Dec 1, 2021

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

Who buys my oilOil price check

12,675.30 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 Q4
API numberWell no.Acreson the permit
42-461-417203201BH12,675.30

SourceRailroad Commission drilling permits, Oct 3, 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 Q4
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,4322,43661,30759,2560$80.46$2.89
Jun 20262,3642,35356,68054,522231$84.81$3.15
May 20262,0102,02452,16750,4060$102.13$2.94
Apr 20262,4412,46552,79650,9280$100.32$2.77
Mar 20263,6243,62250,76648,8750$91.38$3.04
Feb 20262,9722,97124,04623,0680$64.51$3.62
Jan 20263,5003,48318,71217,9520$60.04$7.72
Dec 20253,4883,51520,55919,7730$57.97$4.26
Nov 20253,8213,81119,84219,0760$60.06$3.79
Oct 20253,4563,49619,13018,3950$60.89$3.19
Sep 20255,0565,02223,29122,4070$63.96$2.97
Aug 20254,0864,05832,42631,1260$64.86$2.91
Jul 20252,4192,42218,28317,4100$68.39$3.20
Jun 20253,3383,35330,38829,0190$68.17$3.02
May 20255,2815,29739,82238,2210$62.17$3.12
Apr 20254,8134,81228,68727,5480$63.54$3.42
Mar 20255,4035,40133,13631,6930$68.24$4.12
Feb 20253,3753,36427,10325,8120$71.53$4.19
Jan 20253,2523,26127,07325,6020$75.74$4.13
Dec 20244,3214,30533,53631,9420$70.12$3.01
Nov 20244,8384,83842,17440,5300$69.95$2.12
Oct 20245,1245,31538,80437,4570$71.99$2.20
Sep 20244,8904,75230,91129,6940$70.24$2.28
Aug 20245,7715,74333,74332,5410$76.68$1.99
Jul 20246,3796,31021,83120,9650$81.80$2.07
Jun 20242,0132,0446,7116,4010$79.77$2.54
May 20242,9372,8719,8669,3190$80.02$2.12
Apr 20242543272,5232,4070$85.35$1.60
Mar 20245,2395,25139,24238,2660$81.28$1.49
Feb 20246,9647,02745,16944,1170$77.25$1.72
Jan 20245,8485,78338,28537,3900$74.15$3.18
Dec 20238,6118,61361,04859,7030$71.90$2.52
Nov 20237,6227,67365,66564,2870$77.69$2.71
Oct 20239,1449,18873,17471,519174$85.64$2.98
Sep 20239,4609,42781,18279,5250$89.43$2.64
Aug 20239,0499,03068,56867,2250$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