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Texas oil lease

Producing

JAPSON 2B

Japson 2B is an oil lease in Reagan County, Texas, operated by Conocophillips Company in the Spraberry (Trend Area) field.

1 well

114,169bbl oil, since Feb 2026
Operator
Conocophillips Company
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-23338

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, since Feb 2026
391,294 mcf
Oil in Jul 2026
11,931 bbl

Production by month

Oil output fell 42% since Feb 2026

  • Oil (bars)
  • Gas (line)
Oil output fell 42% since Feb 2026Monthly oil production and gas for JAPSON 2B, Feb 2026 to Jul 2026. Oil output fell 42% since Feb 2026. Monthly average of 13,917 bbl in the latest 3 months, against 24,139 bbl in the first 3.bbl per monthmcf per month0010k20k20k40k30k60k40k80kOct 25Jan 26AprJul
Oil output fell 42% since Feb 2026Monthly oil production and gas for JAPSON 2B, Feb 2026 to Jul 2026. Oil output fell 42% since Feb 2026. Monthly average of 13,917 bbl in the latest 3 months, against 24,139 bbl in the first 3.bbl per monthmcf per month0010k20k20k40k30k60k40k80kJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% 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)
94% of the gas went to a processing plant in the 6 months reportedShare of JAPSON 2B gas by disposition code each month, Feb 2026 to Jul 2026. 94% 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
94% of the gas went to a processing plant in the 6 months reportedShare of JAPSON 2B gas by disposition code each month, Feb 2026 to Jul 2026. 94% 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)

    94% · 369,298 mcf

  • Flared (4)

    5.6% · 21,869 mcf

  • Lease fuel (1)

    0.0% · 127 mcf

5.6% of the gas flared in the 6 months reported. 5 months above 3%.

1 well on this lease

Wells on JAPSON 2B
API numberWell no.Status
42-383-420053802BHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Jun 7, 2025
Energy Transfer CompanyCasinghead gasBuys50Jun 7, 2025
Enterprise Products Operating LLCCasinghead gasBuys50Jun 7, 2025
Energy Transfer CompanyCasinghead gasGathers50Jun 7, 2025
Enterprise Products Operating LLCCasinghead gasGathers50Jun 7, 2025

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

Who buys my oilOil price check

967.20 acres on the newest permit

An allocation well is on this lease

Permits for Japson 2B
API numberWell no.Acreson the permit
42-383-420053802BH967.20

SourceRailroad Commission drilling permits, Sep 26, 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 2B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202611,93111,92774,13771,5732,542$80.46$2.89
Jun 202613,30213,30574,48170,1074,352$84.81$3.15
May 202616,51916,51578,48478,031431$102.13$2.94
Apr 202620,68620,68875,49670,2005,274$100.32$2.77
Mar 202628,84928,85560,56352,2308,312$91.38$3.04
Feb 202622,88222,80428,13327,157958$64.51$3.62

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

OperatorConocophillips CompanyFieldSpraberry (Trend Area)CountyReagan County

Conocophillips Company in Reagan County

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Spraberry (Trend Area) field

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