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Texas oil lease

Producing

"GATEWAY"

"Gateway" is an oil lease in Upton County, Texas, operated by Petx Operating LLC in the Spraberry (Trend Area) field.

7 wells

3,855bbl oil, last 12 months−19% vs prior year
Operator
Petx Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17695

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
60,400 mcf
Oil in Jun 2026
350 bbl

Production by month

Oil output fell 19% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for "GATEWAY", Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 3,533 bbl in the 12 months through Jul 2026, against 4,387 bbl in the 12 months before.Last 12 months: 3,533 bblbbl per monthmcf per month002002,5004005,0006007,50080010k1,00012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for "GATEWAY", Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 3,533 bbl in the 12 months through Jul 2026, against 4,387 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002,5004005,0006007,50080010k1,00012.5kJan 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

All of the gas went to a processing plant in the last 12 monthsShare of "GATEWAY" 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 "GATEWAY" 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.

Who has run this lease

The operator changed 2 times, most recently in Jun 2025

Operators of this lease over timeOsborn Heirs Company, Jan 2020 to May 2023; Iron Orchard Operating LLC, Jun 2023 to May 2025; Petx Operating LLC, Jun 2025 to Jun 20262020202120222023202420252026Changed Jun 2023Changed Jun 2025Osborn Heirs CompanyJan 2020 to May 2023Iron Orchard Operating LLCJun 2023 to May 2025Petx Operating LLCJun 2025 to now
Operators of this lease over timeOsborn Heirs Company, Jan 2020 to May 2023; Iron Orchard Operating LLC, Jun 2023 to May 2025; Petx Operating LLC, Jun 2025 to Jun 20262020202120222023202420252026Changed Jun 2023Changed Jun 2025Osborn Heirs CompanyJan 2020 to May 2023Iron Orchard Operating LLCJun 2023 to May 2025Petx Operating LLCJun 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

7 wells on this lease

Wells on "GATEWAY"
API numberWell no.Status
42-461-376091Active
42-461-379062Active
42-461-382563Active
42-461-385024Active
42-461-390065Active
42-461-393746Active
42-461-398337Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Dec 2, 2011
Targa Midstream Services LLCCasinghead gasBuys100Dec 2, 2011
Targa Midstream Services LLCCasinghead gasGathers100Dec 2, 2011

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

Who buys my oilOil price check

1,015.70 acres on the newest permit

The wells on this lease state different acreage

The permits state between 200 and 1,015.7 acres.

7 wells are listed on this lease

Permits for "Gateway"
API numberWell no.Acreson the permit
42-461-3983371,015.70
42-461-3937461,015.70
42-461-390065200
42-461-3850241,015.70
42-461-3825631,015.70
42-461-3790621,015.70
42-461-3760911,015.70

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for "GATEWAY"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Petx Operating3503518,0138,0130$84.81$3.15
May 2026Petx Operating1361848,4608,4600$102.13$2.94
Apr 2026Petx Operating3061818,4608,4600$100.32$2.77
Mar 2026Petx Operating3223588,5988,5980$91.38$3.04
Feb 2026Petx Operating3863678,0728,0720$64.51$3.62
Jan 2026Petx Operating3193638,6138,6130$60.04$7.72
Dec 2025Petx Operating356362000$57.97$4.26
Nov 2025Petx Operating349350000$60.06$3.79
Oct 2025Petx Operating333359000$60.89$3.19
Sep 2025Petx Operating369364000$63.96$2.97
Aug 2025Petx Operating307357000$64.86$2.91
Jul 2025Petx Operating32218310,18410,1840$68.39$3.20
Jun 2025Petx Operating22636210,04410,0440$68.17$3.02
May 2025Iron Orchard2773669,3039,3030$62.17$3.12
Apr 2025Iron Orchard3763617,9307,9300$63.54$3.42
Mar 2025Iron Orchard3733259,0239,0230$68.24$4.12
Feb 2025Iron Orchard3593677,4217,4210$71.53$4.19
Jan 2025Iron Orchard4473768,4098,4090$75.74$4.13
Dec 2024Iron Orchard4995519,5099,5090$70.12$3.01
Nov 2024Iron Orchard3953688,8148,8140$69.95$2.12
Oct 2024Iron Orchard3263719,2479,2470$71.99$2.20
Sep 2024Iron Orchard3933669,1069,1060$70.24$2.28
Aug 2024Iron Orchard3943679,3859,3850$76.68$1.99
Jul 2024Iron Orchard3933689,1679,1670$81.80$2.07
Jun 2024Iron Orchard3765429,1049,1040$79.77$2.54
May 2024Iron Orchard4433639,7049,7040$80.02$2.12
Apr 2024Iron Orchard3863689,0119,0110$85.35$1.60
Mar 2024Iron Orchard46755010,19710,1970$81.28$1.49
Feb 2024Iron Orchard5053699,2319,2310$77.25$1.72
Jan 2024Iron Orchard53955910,32810,3280$74.15$3.18
Dec 2023Iron Orchard5065579,9709,9700$71.90$2.52
Nov 2023Iron Orchard47737110,58510,5850$77.69$2.71
Oct 2023Iron Orchard4565528,5388,5380$85.64$2.98
Sep 2023Iron Orchard4003597,4607,4600$89.43$2.64
Aug 2023Iron Orchard47450810,55110,5510$81.39$2.58

No report filed

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

OperatorPetx Operating LLCFieldSpraberry (Trend Area)CountyUpton County

Petx Operating LLC in Upton County

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Spraberry (Trend Area) field

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