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Texas oil lease

Producing

GEMINI 12-1

Gemini 12-1 is an oil lease in Dawson County, Texas, operated by Ike Operating, LLC in the Spraberry (Trend Area) field.

2 wells

82,487bbl oil, last 12 months−9% vs prior year
RRC lease
08-59929

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Where it sits

This county

Dawson CountyDawsonGainesLynnGarzaAndrewsTerryBordenDawson County
Dawson County
Gas, last 12 months
48,379 mcf
Oil in Jul 2026
4,803 bbl

Production by month

Oil output fell 9% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for GEMINI 12-1, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 82,487 bbl in the 12 months through Jul 2026, against 90,489 bbl in the 12 months before.Last 12 months: 82,487 bblbbl per monthmcf per month005,0002,00010k4,00015k6,00020k8,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for GEMINI 12-1, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 82,487 bbl in the 12 months through Jul 2026, against 90,489 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0002,00010k4,00015k6,00020k8,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2025 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 74.5% of the gas in Jun 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Apr 2025 the lease's gas goes to a transmission line instead of lease fuelShare of GEMINI 12-1 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2025 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 74.5% of the gas in Jun 2024.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2025: fuel to lineFlared 74.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2025 the lease's gas goes to a transmission line instead of lease fuelShare of GEMINI 12-1 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2025 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 74.5% of the gas in Jun 2024.Share of gas by disposition code0%50%100%Apr 25: fuel to lineFlared 74.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    90% · 43,609 mcf

  • Flared (4)

    8.2% · 3,990 mcf

  • Lease fuel (1)

    1.6% · 780 mcf

8.2% of the gas flared in the last 12 months. 21 months above 3%.

Who has run this lease

The operator changed once, most recently in Oct 2023

Operators of this lease over timePinon Operating, LLC, Aug 2022 to Sep 2023; Ike Operating, LLC, Oct 2023 to Jul 20262023202420252026Changed Oct 2023Pinon Operating, LLCAug 2022 to Sep 2023Ike Operating, LLCOct 2023 to now
Operators of this lease over timePinon Operating, LLC, Aug 2022 to Sep 2023; Ike Operating, LLC, Oct 2023 to Jul 20262023202420252026Changed Oct 2023Pinon Operating, LLCAug 2022 to Sep 2023Ike Operating, LLCOct 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on GEMINI 12-1
API numberWell no.Status
42-115-338721DNActive
42-115-338732DNActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jul 21, 2022–
Etc Gas Processing, LLCCasinghead gasBuys100Sep 1, 2024–
Energy Transfer CompanyCasinghead gasGathers100Sep 1, 2024–
Wtg Gas Processing, LLCCasinghead gasGathers100Jul 21, 2022Sep 1, 2024
Wtg Gas Processing, LLCCasinghead gasBuys100Jul 21, 2022Sep 1, 2024

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

641.63 acres on the newest permit

Permits for Gemini 12-1
API numberWell no.Acreson the permit
42-115-338721DN641.63
42-115-338732DN641.63

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Estimate your royalty

36 months, newest first

Ledger for GEMINI 12-1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ike Operating,4,8034,7735,0164,9480$80.46$2.89
Jun 2026Ike Operating,5,1115,1834,7983,856885$84.81$3.15
May 2026Ike Operating,5,3655,4515,1373,7741,300$102.13$2.94
Apr 2026Ike Operating,4,8324,6793,5002,466989$100.32$2.77
Mar 2026Ike Operating,5,7025,8474,3884,2953$91.38$3.04
Feb 2026Ike Operating,5,0194,8213,3862,837411$64.51$3.62
Jan 2026Ike Operating,4,8105,1512,5142,2698$60.04$7.72
Dec 2025Ike Operating,6,9836,8773,6563,55618$57.97$4.26
Nov 2025Ike Operating,7,3557,0283,3883,3880$60.06$3.79
Oct 2025Ike Operating,9,83510,0374,1974,1943$60.89$3.19
Sep 2025Ike Operating,10,63710,6214,1013,772329$63.96$2.97
Aug 2025Ike Operating,12,03512,1514,2984,25444$64.86$2.91
Jul 2025Ike Operating,16,82317,1974,6514,6510$68.39$3.20
Jun 2025Ike Operating,12,59011,9485,5305,5300$68.17$3.02
May 2025Ike Operating,4,2784,2731,9481,9462$62.17$3.12
Apr 2025Ike Operating,8,3988,4554,9974,76563$63.54$3.42
Mar 2025Ike Operating,3,3253,2602,5721,130230$68.24$4.12
Feb 2025Ike Operating,4,6174,7143,7941,737120$71.53$4.19
Jan 2025Ike Operating,6,0206,0004,6682,256427$75.74$4.13
Dec 2024Ike Operating,6,7476,8023,6123,091521$70.12$3.01
Nov 2024Ike Operating,6,5396,5733,5543,175379$69.95$2.12
Oct 2024Ike Operating,6,8006,8213,6173,301316$71.99$2.20
Sep 2024Ike Operating,6,4516,2733,2873,047240$70.24$2.28
Aug 2024Ike Operating,7,9017,9752,2251,237988$76.68$1.99
Jul 2024Ike Operating,6,4616,3621,7314691,262$81.80$2.07
Jun 2024Ike Operating,6,4916,5661,9134711,425$79.77$2.54
May 2024Ike Operating,8,4768,4922,8327641,975$80.02$2.12
Apr 2024Ike Operating,8,3168,1903,4531,5351,918$85.35$1.60
Mar 2024Ike Operating,8,7888,7883,6251,1142,511$81.28$1.49
Feb 2024Ike Operating,9,82310,1074,2221,1673,055$77.25$1.72
Jan 2024Ike Operating,12,56912,1874,3662,2562,110$74.15$3.18
Dec 2023Ike Operating,9,8119,1614,3234,3212$71.90$2.52
Nov 2023Ike Operating,14,90415,3737,4276,938489$77.69$2.71
Oct 2023Ike Operating,12,92813,0016,7506,7500$85.64$2.98
Sep 2023Pinon Operating,19,93019,9534,9814,9810$89.43$2.64
Aug 2023Pinon Operating,12,28611,7326,1366,1360$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

Ike Operating, LLC in Dawson County

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Spraberry (Trend Area) field

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