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Texas oil lease

Producing

JAPSON 12B

Japson 12B is an oil lease in Reagan County, Texas, operated by Conocophillips Company in the Spraberry (Trend Area) field.

1 well

118,459bbl oil, since Feb 2026
Operator
Conocophillips Company
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-23347

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, since Feb 2026
383,760 mcf
Oil in Jul 2026
11,142 bbl
First check

Production started February 2026; the first check is due by about June 28, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output fell 41% since Feb 2026

  • Oil (bars)
  • Gas (line)
Oil output fell 41% since Feb 2026Monthly oil production and gas for JAPSON 12B, Feb 2026 to Jul 2026. Oil output fell 41% since Feb 2026. Monthly average of 14,605 bbl in the latest 3 months, against 24,881 bbl in the first 3.bbl per monthmcf per month0010k25k20k50k30k75k40k100kOct 25Jan 26AprJul
Oil output fell 41% since Feb 2026Monthly oil production and gas for JAPSON 12B, Feb 2026 to Jul 2026. Oil output fell 41% since Feb 2026. Monthly average of 14,605 bbl in the latest 3 months, against 24,881 bbl in the first 3.bbl per monthmcf per month0010k25k20k50k30k75k40k100kJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a processing plant in the 6 months reported

Flaring peaked at 13.7% of the gas in Mar 2026.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
95% of the gas went to a processing plant in the 6 months reportedShare of JAPSON 12B gas by disposition code each month, Feb 2026 to Jul 2026. 95% of the gas went to a processing plant in the 6 months reported. Flaring peaked at 13.7% of the gas in Mar 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 13.7%Oct 25Jan 26AprJul
95% of the gas went to a processing plant in the 6 months reportedShare of JAPSON 12B gas by disposition code each month, Feb 2026 to Jul 2026. 95% of the gas went to a processing plant in the 6 months reported. Flaring peaked at 13.7% of the gas in Mar 2026.Share of gas by disposition code0%50%100%Flared 13.7%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    95% · 362,747 mcf

  • Flared (4)

    5.4% · 20,889 mcf

  • Lease fuel (1)

    0.0% · 124 mcf

5.4% of the gas flared in the 6 months reported. 5 months above 3%.

1 well on this lease

Wells on JAPSON 12B
API numberWell no.Status
42-383-420023812BHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Sep 4, 2025
Energy Transfer CompanyCasinghead gasBuys50Sep 4, 2025
Enterprise Products Operating LLCCasinghead gasBuys50Sep 4, 2025
Energy Transfer CompanyCasinghead gasGathers50Sep 4, 2025
Enterprise Products Operating LLCCasinghead gasGathers50Sep 4, 2025

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

Who buys my oilOil price check

966.50 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 Japson 12B
API numberWell no.Acreson the permit
42-383-420023812BH966.50

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

Unit decimal checker

What ConocoPhillips told investors it received

Conocophillips Company is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

6 months, newest first

Ledger for JAPSON 12B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202611,14211,15070,38867,9542,413$80.46$2.89
Jun 202614,55814,56177,85173,2794,549$84.81$3.15
May 202618,11618,11081,14080,671446$102.13$2.94
Apr 202622,34222,34373,82568,6475,157$100.32$2.77
Mar 202630,73330,73054,07846,6377,422$91.38$3.04
Feb 202621,56821,49526,47825,559902$64.51$3.62

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

This lease belongs to

OperatorConocophillips CompanyFieldSpraberry (Trend Area)CountyReagan County

Conocophillips Company in Reagan County

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Spraberry (Trend Area) field

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