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HOT PIE 37-48 A

Hot Pie 37-48 A is an oil lease in Dawson County, Texas, operated by Birch Operations, Inc. in the Spraberry (Trend Area) field.

1 well

142,524bbl oil, last 12 months−61% vs prior year
Operator
Birch Operations, Inc.
County
Dawson County
Field
Spraberry (Trend Area)
RRC lease
08-61236

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Where it sits

This county

Dawson CountyDawsonGainesLynnGarzaAndrewsTerryBordenDawson County
Dawson County
Gas, last 12 months
110,222 mcf
Oil in Jul 2026
9,138 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: TARGA MIDLAND LLC replaced CORONADO MIDSTREAM LLC, TARGA PL MID-CONT WESTTEX LLC as the buyer of this lease's gas from oil wells on May 1, 2026.

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

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Production by month

Oil output fell 61% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 61% over the last 12 monthsMonthly oil production and gas for HOT PIE 37-48 A, Mar 2024 to Jul 2026. Oil output fell 61% over the last 12 months. 142,524 bbl in the 12 months through Jul 2026, against 364,814 bbl in the 12 months before.Last 12 months: 142,524 bblbbl per monthmcf per month0020k5,00040k10k60k15k80k20k100k25kApr 24JulOctJan 25AprJulOctJan 26AprJul
Oil output fell 61% over the last 12 monthsMonthly oil production and gas for HOT PIE 37-48 A, Mar 2024 to Jul 2026. Oil output fell 61% over the last 12 months. 142,524 bbl in the 12 months through Jul 2026, against 364,814 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020k5,00040k10k60k15k80k20k100k25kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

92% of the gas went to a transmission line in the last 12 months

Flaring peaked at 17.6% of the gas in Apr 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
92% of the gas went to a transmission line in the last 12 monthsShare of HOT PIE 37-48 A gas by disposition code each month, Mar 2024 to Jul 2026. 92% of the gas went to a transmission line in the last 12 months. Flaring peaked at 17.6% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 17.6%Apr 24JulOctJan 25AprJulOctJan 26AprJul
92% of the gas went to a transmission line in the last 12 monthsShare of HOT PIE 37-48 A gas by disposition code each month, Mar 2024 to Jul 2026. 92% of the gas went to a transmission line in the last 12 months. Flaring peaked at 17.6% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Flared 17.6%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    92% · 101,356 mcf

  • Flared (4)

    8.0% · 8,861 mcf

  • Lease fuel (1)

    0.0% · 5 mcf

8.0% of the gas flared in the last 12 months. 23 months above 3%.

1 well on this lease

Wells on HOT PIE 37-48 A
API numberWell no.Status
42-115-339032DNActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers34Jul 1, 2025–
Dk Trading & Supply, LLCOilGathers33Jul 1, 2025–
Trafigura Trading LLCOilGathers33Jul 1, 2025–
Targa Midland LLCCasinghead gasBuys100May 1, 2026–
Targa Midland LLCCasinghead gasGathers100May 1, 2026–
Enlink Permian, LLCCasinghead gasGathers50Jul 1, 2025May 1, 2026
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers50Jul 1, 2025May 1, 2026
Coronado Midstream LLCCasinghead gasBuys50Jul 1, 2025May 1, 2026
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys50Jul 1, 2025May 1, 2026
Enlink Permian, LLCCasinghead gasGathers100Mar 20, 2024Jul 1, 2025
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Mar 20, 2024Jul 1, 2025

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

Who buys my oilOil price check

580.50 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for Hot Pie 37-48 A
API numberWell no.Acreson the permit
42-115-339032DN580.50

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

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29 months, newest first

Ledger for HOT PIE 37-48 A
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20269,1389,1458,3287,951377$80.46$2.89
Jun 20268,9118,9118,2566,9541,302$84.81$3.15
May 202610,36010,3639,6038,965638$102.13$2.94
Apr 202610,24410,2589,4297,7681,661$100.32$2.77
Mar 202612,56812,56711,28410,2231,061$91.38$3.04
Feb 202611,73311,7329,6528,989663$64.51$3.62
Jan 202612,19912,1679,8739,095778$60.04$7.72
Dec 202513,42613,43810,0649,463601$57.97$4.26
Nov 202513,11113,1008,7458,010735$60.06$3.79
Oct 202513,42713,4348,3917,935455$60.89$3.19
Sep 202513,21913,2137,9487,766180$63.96$2.97
Aug 202514,18814,1968,6498,237410$64.86$2.91
Jul 202513,79213,8037,8727,720150$68.39$3.20
Jun 202513,87413,87010,87410,701173$68.17$3.02
May 202521,05821,06915,98515,404580$62.17$3.12
Apr 202523,43623,43617,21616,917298$63.54$3.42
Mar 202526,73526,76316,85916,070788$68.24$4.12
Feb 202528,67528,65514,38814,3870$71.53$4.19
Jan 202536,65436,64915,57315,293279$75.74$4.13
Dec 202442,78242,80116,47215,2621,210$70.12$3.01
Nov 202444,96244,99217,03814,2222,815$69.95$2.12
Oct 202437,84537,82013,90512,2031,701$71.99$2.20
Sep 202429,10229,17610,9559,7551,200$70.24$2.28
Aug 202445,89945,90922,09119,3662,725$76.68$1.99
Jul 202456,95856,91524,04122,5581,483$81.80$2.07
Jun 202461,90761,88623,20421,4581,738$79.77$2.54
May 202460,54060,51622,14620,6951,370$80.02$2.12
Apr 202461,12261,07922,43119,8672,564$85.35$1.60
Mar 202424,42324,3828,4237,667756$81.28$1.49

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

OperatorBirch Operations, Inc.FieldSpraberry (Trend Area)CountyDawson County

Birch Operations, Inc. in Dawson County

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Spraberry (Trend Area) field

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