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Texas oil lease

Producing

GRAHAM

Graham is an oil lease in Ward County, Texas, operated by N & B Oil and Gas LLC in the Marston Ranch (Clearfork) field.

16 wells

15,469bbl oil, last 12 months−11% vs prior year
Operator
N & B Oil and Gas LLC
County
Ward County
Field
Marston Ranch (Clearfork)
RRC lease
08-42684

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
51,005 mcf
Oil in Jul 2026
1,260 bbl

Production by month

Oil output fell 11% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for GRAHAM, Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 15,469 bbl in the 12 months through Jul 2026, against 17,320 bbl in the 12 months before.Last 12 months: 15,469 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for GRAHAM, Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 15,469 bbl in the 12 months through Jul 2026, against 17,320 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 12.0% of the gas in Apr 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of GRAHAM gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 12.0% of the gas in Apr 2025.Share of the lease’s gas by disposition code, per month0%50%100%Oct 2023: line to plantFlared 12.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of GRAHAM gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 12.0% of the gas in Apr 2025.Share of gas by disposition code0%50%100%Oct 23: line to plantFlared 12.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 50,393 mcf

  • Flared (4)

    1.2% · 612 mcf

1.2% of the gas flared in the last 12 months. 4 months above 3%.

Who has run this lease

The operator changed once, most recently in Sep 2025

Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to Aug 2025; N & B Oil and Gas LLC, Sep 2025 to Jul 20262020202120222023202420252026Changed Sep 2025Blackbeard Operating, LLCJan 2020 to Aug 2025N & B Oil and Gas LLCSep 2025 to now
Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to Aug 2025; N & B Oil and Gas LLC, Sep 2025 to Jul 20262020202120222023202420252026Changed Sep 2025Blackbeard Operating, LLCJan 2020 to Aug 2025N & B Oil and Gas LLCSep 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

16 wells on this lease

Wells on GRAHAM
API numberWell no.Status
42-475-359751Active
42-475-362322Active
42-475-364193Active
42-475-367444Active
42-475-368365Active
42-475-369396Active
42-475-370087Active
42-475-370968Active
42-475-371669Active
42-475-3727910Active
42-475-3735711Active
42-475-3742112Active
42-475-3751813Active
42-475-3762414Active
42-475-3762515Shut-in
42-475-3772616Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Phillips 66 CompanyOilGathers100Sep 1, 2025–
Energy Transfer CompanyCasinghead gasBuys50Mar 1, 2020–
Targa Midstream Services LLCCasinghead gasBuys50Jun 30, 2023–
Energy Transfer CompanyCasinghead gasGathers50Mar 1, 2020–
Targa Midstream Services LLCCasinghead gasGathers50Mar 1, 2020–
Anchor Crude Marketing, LLCOilGathers10Jun 30, 2023Sep 1, 2025
Enlink Crude Marketing, LLCOilGathers5Jun 30, 2023Sep 1, 2025
Phillips 66 CompanyOilGathers40Jun 30, 2023Sep 1, 2025
Plains Marketing, L.p.OilGathers10Jun 30, 2023Sep 1, 2025
Sentinel Transportation, LLCOilGathers30Jun 30, 2023Sep 1, 2025
Shell Trading (Us) CompanyOilGathers5Jun 30, 2023Sep 1, 2025

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

Who buys my oilOil price check

644.89 acres on the newest permit

16 wells are listed on this lease

Permits for Graham
API numberWell no.Acreson the permit
42-475-3772616644.89
42-475-3762414644.89
42-475-3762515644.89
42-475-3751813644.89
42-475-3742112644.89
42-475-3735711644.89
42-475-3727910646.40
42-475-371669646.40
42-475-370968646.40
42-475-370087646.40
42-475-369396646.40
42-475-368365647

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for GRAHAM
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026N &1,2601,2264,4664,44818$80.46$2.89
Jun 2026N &1,2081,6071,8061,79511$84.81$3.15
May 2026N &1,2981,0223,7103,69020$102.13$2.94
Apr 2026N &1,2281,2065,1995,14653$100.32$2.77
Mar 2026N &1,2201,3404,3934,34152$91.38$3.04
Feb 2026N &1,3731,1914,2404,18852$64.51$3.62
Jan 2026N &1,1061,1844,1184,07048$60.04$7.72
Dec 2025N &1,6461,3514,4174,37245$57.97$4.26
Nov 2025N &1,2781,3674,2844,24440$60.06$3.79
Oct 2025N &1,3831,8464,9684,90563$60.89$3.19
Sep 2025N &1,1591,1884,9104,732178$63.96$2.97
Aug 2025Blackbeard Operating,1,3101,1884,4944,46232$64.86$2.91
Jul 2025Blackbeard Operating,1,4061,2014,8264,8260$68.39$3.20
Jun 2025Blackbeard Operating,1,3301,7164,1764,1760$68.17$3.02
May 2025Blackbeard Operating,1,5741,5244,9014,786115$62.17$3.12
Apr 2025Blackbeard Operating,1,2851,3664,2863,773513$63.54$3.42
Mar 2025Blackbeard Operating,1,5051,1654,7574,656101$68.24$4.12
Feb 2025Blackbeard Operating,1,4311,5244,3454,29946$71.53$4.19
Jan 2025Blackbeard Operating,1,4881,5274,6504,371279$75.74$4.13
Dec 2024Blackbeard Operating,1,4831,5874,9584,583375$70.12$3.01
Nov 2024Blackbeard Operating,1,3131,3314,3184,3180$69.95$2.12
Oct 2024Blackbeard Operating,1,4751,3614,8814,8810$71.99$2.20
Sep 2024Blackbeard Operating,1,5781,6844,9414,9410$70.24$2.28
Aug 2024Blackbeard Operating,1,4521,3345,3245,3240$76.68$1.99
Jul 2024Blackbeard Operating,1,5331,6696,3606,3600$81.80$2.07
Jun 2024Blackbeard Operating,1,4711,3494,9034,88617$79.77$2.54
May 2024Blackbeard Operating,1,6581,8474,5824,5820$80.02$2.12
Apr 2024Blackbeard Operating,1,3491,0274,3194,3190$85.35$1.60
Mar 2024Blackbeard Operating,1,6331,8704,4784,4780$81.28$1.49
Feb 2024Blackbeard Operating,1,5281,3704,2014,2010$77.25$1.72
Jan 2024Blackbeard Operating,1,7081,5314,2304,2300$74.15$3.18
Dec 2023Blackbeard Operating,1,6881,8804,5284,5280$71.90$2.52
Nov 2023Blackbeard Operating,1,7151,7244,5364,5360$77.69$2.71
Oct 2023Blackbeard Operating,1,7431,9014,5364,48452$85.64$2.98
Sep 2023Blackbeard Operating,1,7481,6785,2735,2730$89.43$2.64
Aug 2023Blackbeard Operating,1,6411,6865,1755,1750$81.39$2.58

Flared above 3%

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

OperatorN & B Oil and Gas LLCFieldMarston Ranch (Clearfork)CountyWard County

N & B Oil and Gas LLC in Ward County

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Marston Ranch (Clearfork) field

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