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HOT PIE 37-48 C

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

1 well

228,899bbl oil, last 12 months−21% vs prior year
Operator
Birch Operations, Inc.
County
Dawson County
Field
Spraberry (Trend Area)
RRC lease
08-61245

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Where it sits

This county

Dawson CountyDawsonGainesLynnGarzaAndrewsTerryBordenDawson County
Dawson County
Gas, last 12 months
135,071 mcf
Oil in Jul 2026
13,976 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 21% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for HOT PIE 37-48 C, Mar 2024 to Jul 2026. Oil output fell 21% over the last 12 months. 228,899 bbl in the 12 months through Jul 2026, against 291,206 bbl in the 12 months before.Last 12 months: 228,899 bblbbl per monthmcf per month0020k10k40k20k60k30k80k40kApr 24JulOctJan 25AprJulOctJan 26AprJul
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for HOT PIE 37-48 C, Mar 2024 to Jul 2026. Oil output fell 21% over the last 12 months. 228,899 bbl in the 12 months through Jul 2026, against 291,206 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020k10k40k20k60k30k80k40kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

91% of the gas went to a transmission line in the last 12 months

Flaring peaked at 17.7% of the gas in Apr 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
91% of the gas went to a transmission line in the last 12 monthsShare of HOT PIE 37-48 C gas by disposition code each month, Mar 2024 to Jul 2026. 91% of the gas went to a transmission line in the last 12 months. Flaring peaked at 17.7% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 17.7%Apr 24JulOctJan 25AprJulOctJan 26AprJul
91% of the gas went to a transmission line in the last 12 monthsShare of HOT PIE 37-48 C gas by disposition code each month, Mar 2024 to Jul 2026. 91% of the gas went to a transmission line in the last 12 months. Flaring peaked at 17.7% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Flared 17.7%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    91% · 123,009 mcf

  • Flared (4)

    8.9% · 12,058 mcf

  • Lease fuel (1)

    0.0% · 4 mcf

8.9% of the gas flared in the last 12 months. 23 months above 3%.

1 well on this lease

Wells on HOT PIE 37-48 C
API numberWell no.Status
42-115-339406DNActive

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.

  • 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 Hot Pie 37-48 C
API numberWell no.Acreson the permit
42-115-339406DN580.50

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

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Estimate your royalty

29 months, newest first

Ledger for HOT PIE 37-48 C
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202613,97613,99012,00411,456548$80.46$2.89
Jun 202614,40214,40411,0359,2931,742$84.81$3.15
May 202617,02117,02812,51411,673841$102.13$2.94
Apr 202617,21717,22012,43610,2292,207$100.32$2.77
Mar 202617,31117,31213,23411,9421,292$91.38$3.04
Feb 202616,57416,58810,6699,854815$64.51$3.62
Jan 202620,17820,13512,63011,5031,127$60.04$7.72
Dec 202526,12026,15615,13114,0981,033$57.97$4.26
Nov 202529,18629,13913,63812,2451,393$60.06$3.79
Oct 202521,39821,4197,6027,046555$60.89$3.19
Sep 202524,37324,3268,7988,582214$63.96$2.97
Aug 202511,14311,1535,3805,088291$64.86$2.91
Jul 202511,91611,9115,6565,534120$68.39$3.20
Jun 20258,3298,3414,4744,39381$68.17$3.02
May 202518,67218,67913,00312,526476$62.17$3.12
Apr 202519,41719,41613,97413,731243$63.54$3.42
Mar 202522,15922,17414,39813,728670$68.24$4.12
Feb 202521,05021,03311,27611,2750$71.53$4.19
Jan 202525,72625,71813,83513,609225$75.74$4.13
Dec 202426,82526,83613,38012,491889$70.12$3.01
Nov 202427,59127,63813,72111,5722,148$69.95$2.12
Oct 202432,86332,87216,56914,5442,024$71.99$2.20
Sep 202435,64435,68219,20817,1042,104$70.24$2.28
Aug 202441,01441,00920,77218,2112,561$76.68$1.99
Jul 202446,13546,10319,54818,3431,205$81.80$2.07
Jun 202451,62551,64719,87418,3851,482$79.77$2.54
May 202472,79472,75826,58024,8371,646$80.02$2.12
Apr 202468,65468,60124,64221,8012,841$85.35$1.60
Mar 202424,44824,4078,1987,456742$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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