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Texas oil lease

Producing

JEFFERSON LAND COMPANY

Jefferson Land Company is an oil lease in Jefferson County, Texas, operated by Milestone Operating, Inc. in the Lovells Lake (Frio 2) field.

4 wells

2,253bbl oil, last 12 months−18% vs prior year
Operator
Milestone Operating, Inc.
County
Jefferson County
Field
Lovells Lake (Frio 2)
RRC lease
03-09052

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Where it sits

This county

Jefferson CountyJeffersonOrangeChambersHardinLibertyJefferson County
Jefferson County
Gas, last 12 months
4,703 mcf
Oil in May 2026
177 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 2 months of state data (through Jul 2026).

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

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Production by month

Oil output fell 18% over the last 12 months

2 months were not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for JEFFERSON LAND COMPANY, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 1,873 bbl in the 12 months through Jul 2026, against 2,278 bbl in the 12 months before.Last 12 months: 1,873 bblbbl per monthmcf per month001002502005003007504001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for JEFFERSON LAND COMPANY, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 1,873 bbl in the 12 months through Jul 2026, against 2,278 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002502005003007504001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

78% of the gas went to lease fuel in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
78% of the gas went to lease fuel in the last 12 monthsShare of JEFFERSON LAND COMPANY gas by disposition code each month, Aug 2023 to Jul 2026. 78% of the gas went to lease fuel in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
78% of the gas went to lease fuel in the last 12 monthsShare of JEFFERSON LAND COMPANY gas by disposition code each month, Aug 2023 to Jul 2026. 78% of the gas went to lease fuel in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    78% · 3,652 mcf

  • Transmission line (2)

    22% · 1,051 mcf

4 wells on this lease

Wells on JEFFERSON LAND COMPANY
API numberWell no.Status
42-245-017698DActive
42-245-0178740Active
42-245-0179446Shut-in
42-245-3258162Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers50Jan 1, 2023–
Gulfmark Energy, Inc.OilGathers50Jun 1, 2018–
Milestone Operating, Inc.Casinghead gasBuys100Apr 1, 2001–
Kinder Morgan Texas Pipeline LLCCasinghead gasGathers100Jun 1, 2009–
Eastex Crude CompanyOilGathers50Jun 1, 2018Jan 1, 2023

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

Who buys my oilOil price check

1,229.45 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 823 and 138,945 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    25 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 Jefferson Land Company
API numberWell no.Acreson the permit
42-245-32581621,229.45
42-245-01787401,229.45
42-245-01794461,229.45
42-245-0179143823
42-245-0340552 T823
42-245-017566823
42-245-32067591,229.45
42-245-0177930138,945
42-245-3004553 D1,229.45
42-245-3004553 F1,229.45
42-245-01780311,229.45
42-245-01796481,389

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

Unit decimal checker

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36 months, newest first

Ledger for JEFFERSON LAND COMPANY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report filed–––––$80.46$2.89
Jun 2026No report filed–––––$84.81$3.15
May 2026177167442820$102.13$2.94
Apr 2026174174427810$100.32$2.77
Mar 2026217220426630$91.38$3.04
Feb 2026174178379520$64.51$3.62
Jan 20261731863371040$60.04$7.72
Dec 20251911813951040$57.97$4.26
Nov 20251771773891070$60.06$3.79
Oct 2025190199389980$60.89$3.19
Sep 2025197187376960$63.96$2.97
Aug 2025203187386930$64.86$2.91
Jul 20251972144081070$68.39$3.20
Jun 2025183182349640$68.17$3.02
May 20251891844291150$62.17$3.12
Apr 2025182194415960$63.54$3.42
Mar 2025189232429990$68.24$4.12
Feb 2025167135320190$71.53$4.19
Jan 2025169142305160$75.74$4.13
Dec 2024215228414370$70.12$3.01
Nov 2024196199400370$69.95$2.12
Oct 2024202196414370$71.99$2.20
Sep 2024197192389340$70.24$2.28
Aug 2024192181405410$76.68$1.99
Jul 2024197225392280$81.80$2.07
Jun 2024189184398470$79.77$2.54
May 2024202195397340$80.02$2.12
Apr 2024199199364120$85.35$1.60
Mar 2024205183398120$81.28$1.49
Feb 2024183227396460$77.25$1.72
Jan 2024179169371210$74.15$3.18
Dec 202319718942000$71.90$2.52
Nov 2023257279605530$77.69$2.71
Oct 2023376371749830$85.64$2.98
Sep 2023316318763980$89.43$2.64
Aug 20233192998741850$81.39$2.58

No report filed

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

OperatorMilestone Operating, Inc.FieldLovells Lake (Frio 2)CountyJefferson County

Milestone Operating, Inc. in Jefferson County

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Lovells Lake (Frio 2) field

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