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Texas oil lease

Producing

HITTS LAKE UNIT

Hitts Lake Unit is an oil lease in Smith County, Texas, operated by Valence Operating Company in the Hitts Lake (Paluxy) field.

46 wells

4,400bbl oil, last 12 months−29% vs prior year
Operator
Valence Operating Company
County
Smith County
Field
Hitts Lake (Paluxy)
RRC lease
06-05990

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Where it sits

This county

Smith CountySmithVan ZandtGreggUpshurWoodRuskCampRainsHendersonSmith County
Smith County
Oil in Jul 2026
313 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Buyer

    Buyer changed: MIDCOAST PIPELINES (E TX) L.P. replaced ENBRIDGE PIPELINES (E. TX) L.P. as the buyer of this lease's gas from oil wells on May 1, 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 29% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 29% over the last 12 monthsMonthly oil production for HITTS LAKE UNIT, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 4,400 bbl in the 12 months through Jul 2026, against 6,199 bbl in the 12 months before.Last 12 months: 4,400 bblbbl per month0200400600800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 29% over the last 12 monthsMonthly oil production for HITTS LAKE UNIT, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 4,400 bbl in the 12 months through Jul 2026, against 6,199 bbl in the 12 months before.Last 12 monthsbbl per month0200400600800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

46 wells on this lease

Wells on HITTS LAKE UNIT
API numberWell no.Status
42-423-00503701Active
42-423-00504901Active
42-423-00505501Shut-in
42-423-00506601Shut-in
42-423-005071001Shut-in
42-423-00508801WActive
42-423-005091302Active
42-423-005151528Shut-in
42-423-00579401Shut-in
42-423-00581201Active
42-423-00582301Active
42-423-00590101Active
42-423-00593107Shut-in
42-423-00596120Active
42-423-00599103Active
42-423-00600102WActive
42-423-00607117Shut-in
42-423-00608104Active
42-423-00609302Shut-in
42-423-00617106Shut-in
42-423-00618108Shut-in
42-423-00620111Active
42-423-00623116Shut-in
42-423-00625114Active
42-423-00626112Shut-in
42-423-30016118Active
42-423-30018119Shut-in
42-423-30299121Active
42-423-30375603Active
42-423-303761022Shut-in
42-423-30377702Shut-in
42-423-30379602WActive
42-423-303831023WSShut-in
42-423-30526124WShut-in
42-423-30628125Active
42-423-308741201Shut-in
42-423-30938126Shut-in
42-423-30941127Shut-in
42-423-30993703Shut-in
42-423-31074128Shut-in
42-423-31113802Active
42-423-318981029Shut-in
42-423-322961030Shut-in
42-423-323031031Shut-in
42-423-32311902Active
42-423-323171032Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100May 1, 2025–
Midcoast Pipelines (E Tx) L.p.Casinghead gasBuys100May 1, 2025–
Midcoast Pipelines (E Tx) L.p.Casinghead gasGathers100Feb 1, 2019–
Enbridge Pipelines (E. Tx) L.p.Casinghead gasBuys100Jul 1, 2014May 1, 2025
Lion Oil Trading & Trans, LLCOilGathers100Jul 1, 2014May 1, 2025
Enbridge Pipelines (E. Tx) L.p.Casinghead gasGathers100Jul 1, 2014Feb 1, 2019

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

Who buys my oilOil price check

1,392.87 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 77.4 and 1,393 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    50 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • 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 Hitts Lake Unit
API numberWell no.Acreson the permit
42-423-3231710321,392.87
42-423-3037560377.40
42-423-323119021,392.87
42-423-3230310311,392.87
42-423-3229610301,392.87
42-423-3189810291,392.87
42-423-311138021,393
42-423-310741281,393
42-423-309937031,393
42-423-309381261,393
42-423-309411271,393
42-423-3087412011,393

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

Unit decimal checker

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36 months, newest first

Ledger for HITTS LAKE UNIT
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026313317$80.46$2.89
Jun 2026216142$84.81$3.15
May 202630$102.13$2.94
Apr 2026427475$100.32$2.77
Mar 2026549608$91.38$3.04
Feb 2026441314$64.51$3.62
Jan 2026364459$60.04$7.72
Dec 2025527627$57.97$4.26
Nov 2025319155$60.06$3.79
Oct 2025158320$60.89$3.19
Sep 2025537471$63.96$2.97
Aug 2025546476$64.86$2.91
Jul 2025535630$68.39$3.20
Jun 2025474462$68.17$3.02
May 2025489464$62.17$3.12
Apr 2025540487$63.54$3.42
Mar 2025386479$68.24$4.12
Feb 2025560470$71.53$4.19
Jan 2025498618$75.74$4.13
Dec 2024554464$70.12$3.01
Nov 2024543600$69.95$2.12
Oct 2024514460$71.99$2.20
Sep 2024510467$70.24$2.28
Aug 2024596621$76.68$1.99
Jul 2024588616$81.80$2.07
Jun 2024269317$79.77$2.54
May 2024566479$80.02$2.12
Apr 2024599790$85.35$1.60
Mar 2024622473$81.28$1.49
Feb 2024567636$77.25$1.72
Jan 2024552615$74.15$3.18
Dec 2023571613$71.90$2.52
Nov 2023625622$77.69$2.71
Oct 2023683616$85.64$2.98
Sep 2023579626$89.43$2.64
Aug 2023539629$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorValence Operating CompanyFieldHitts Lake (Paluxy)CountySmith County

Valence Operating Company in Smith County

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Hitts Lake (Paluxy) field

No other producing leases in this field are in our data yet.

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Drilling permits within 10 km