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Texas oil lease

Producing

GBG

GBG is an oil lease in Reagan County, Texas, operated by L & M Operating, Inc. in the Farmer (San Andres) field.

1 well

361bbl oil, last 12 months+6% vs prior year
Operator
L & M Operating, Inc.
County
Reagan County
Field
Farmer (San Andres)
RRC lease
7C-12282

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
389 mcf
Oil in Jul 2026
31 bbl

Production by month

Oil output rose 6% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 6% over the last 12 monthsMonthly oil production and gas for GBG, Aug 2023 to Jul 2026. Oil output rose 6% over the last 12 months. 361 bbl in the 12 months through Jul 2026, against 339 bbl in the 12 months before.Last 12 months: 361 bblbbl per monthmcf per month002020404060608080Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 6% over the last 12 monthsMonthly oil production and gas for GBG, Aug 2023 to Jul 2026. Oil output rose 6% over the last 12 months. 361 bbl in the 12 months through Jul 2026, against 339 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002020404060608080Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the last 12 monthsShare of GBG gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of GBG gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 36 months above 3%.

1 well on this lease

Wells on GBG
API numberWell no.Status
42-383-338131Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Jan 1, 2011
Davis Gas Processing, Inc.Casinghead gasBuys100Jan 1, 2011
Davis Gas Processing, Inc.Casinghead gasGathers100Jan 1, 2011

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

Who buys my oilOil price check

40 acres on the newest permit

Permits for GBG
API numberWell no.Acreson the permit
42-383-33813140

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for GBG
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202631031031$80.46$2.89
Jun 202641030030$84.81$3.15
May 2026716531031$102.13$2.94
Apr 202619030030$100.32$2.77
Mar 202632031031$91.38$3.04
Feb 202633028028$64.51$3.62
Jan 202632031031$60.04$7.72
Dec 202532046046$57.97$4.26
Nov 20252916530030$60.06$3.79
Oct 202532031031$60.89$3.19
Sep 202536035035$63.96$2.97
Aug 202537035035$64.86$2.91
Jul 202536030030$68.39$3.20
Jun 20257030030$68.17$3.02
May 20252416631031$62.17$3.12
Apr 202535030030$63.54$3.42
Mar 202538060060$68.24$4.12
Feb 202532030030$71.53$4.19
Jan 202513030030$75.74$4.13
Dec 202429033033$70.12$3.01
Nov 20242216630030$69.95$2.12
Oct 202436030030$71.99$2.20
Sep 202435030030$70.24$2.28
Aug 202432030030$76.68$1.99
Jul 202436028028$81.80$2.07
Jun 20242316530030$79.77$2.54
May 202434029029$80.02$2.12
Apr 202435027027$85.35$1.60
Mar 202445028028$81.28$1.49
Feb 20244716625025$77.25$1.72
Jan 202453025025$74.15$3.18
Dec 202380028028$71.90$2.52
Nov 20235316630030$77.69$2.71
Oct 202345031031$85.64$2.98
Sep 202349030030$89.43$2.64
Aug 202326030030$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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This lease belongs to

OperatorL & M Operating, Inc.FieldFarmer (San Andres)CountyReagan County

L & M Operating, Inc. in Reagan County

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Farmer (San Andres) field

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