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Texas oil lease

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JONES ESTATE "497"

Jones Estate "497" is an oil lease in Gaines County, Texas, operated by R3 Operating Corporation in the Russell (Clearfork Consolidated field.

1 well

580bbl oil, last 12 months−65% vs prior year
Operator
R3 Operating Corporation
County
Gaines County
Field
Russell (Clearfork Consolidated
RRC lease
8A-68920

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Where it sits

This county

Gaines CountyGainesYoakumDawsonTerryGaines County
Gaines County
Oil in Jul 2026
7 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: R3 Operating Corporation took over from T2 Operating Corporation in Aug 2025.

  • P-5

    The previous operator's P-5 registration is listed as inactive since May 30, 2026 (last P-5 filed May 27, 2025).

  • Sales

    No sales reported for the last 7 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 65% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 65% over the last 12 monthsMonthly oil production and gas for JONES ESTATE "497", Aug 2023 to Jul 2026. Oil output fell 65% over the last 12 months. 580 bbl in the 12 months through Jul 2026, against 1,634 bbl in the 12 months before.Last 12 months: 580 bblbbl per monthmcf per month005020100401506020080250100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 65% over the last 12 monthsMonthly oil production and gas for JONES ESTATE "497", Aug 2023 to Jul 2026. Oil output fell 65% over the last 12 months. 580 bbl in the 12 months through Jul 2026, against 1,634 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005020100401506020080250100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the only month reported

All of the gas went to a transmission line in the only month reportedShare of JONES ESTATE "497" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the only month reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the only month reportedShare of JONES ESTATE "497" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the only month reported.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed 2 times, most recently in Aug 2025

Operators of this lease over timeWhite Rock Oil & Gas, LLC, Jan 2020 to May 2024; T2 Operating Corporation, Jun 2024 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 20262020202120222023202420252026Changed Jun 2024Changed Aug 2025White Rock Oil & Gas, LLCJan 2020 to May 2024T2 Operating CorporationJun 2024 to Jul 2025R3 Operating CorporationAug 2025 to now
Operators of this lease over timeWhite Rock Oil & Gas, LLC, Jan 2020 to May 2024; T2 Operating Corporation, Jun 2024 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 20262020202120222023202420252026Changed Jun 2024Changed Aug 2025White Rock Oil & Gas, LLCJan 2020 to May 2024T2 Operating CorporationJun 2024 to Jul 2025R3 Operating CorporationAug 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on JONES ESTATE "497"
API numberWell no.Status
42-165-324584971Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jun 1, 2024–
Energy Trans Crude Marketing LLCOilGathers50Jul 1, 2021Jun 1, 2024
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Jul 1, 2021Jun 1, 2024
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Nov 1, 2020Jul 1, 2021
Xto Energy Inc.Casinghead gasGathers100Sep 1, 2009Nov 1, 2020
Xto Energy Inc.Casinghead gasBuys100Sep 1, 2009Nov 1, 2020
Conocophillips CompanyOilGathers100Nov 1, 2005Nov 1, 2020

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

Who buys my oilOil price check

40 acres on the newest permit

Check your decimal on this lease
Permits for Jones Estate "497"
API numberWell no.Acreson the permit
42-165-32458497140

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

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Estimate your royalty

36 months, newest first

Ledger for JONES ESTATE "497"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026R3 Operating70000$80.46$2.89
Jun 2026R3 Operating00000$84.81$3.15
May 2026R3 Operating00000$102.13$2.94
Apr 2026R3 Operating00000$100.32$2.77
Mar 2026R3 Operating00000$91.38$3.04
Feb 2026R3 Operating00000$64.51$3.62
Jan 2026R3 Operating00000$60.04$7.72
Dec 2025R3 Operating1140000$57.97$4.26
Nov 2025R3 Operating510000$60.06$3.79
Oct 2025R3 Operating165148000$60.89$3.19
Sep 2025R3 Operating174155000$63.96$2.97
Aug 2025R3 Operating182160000$64.86$2.91
Jul 2025T2 Operating189302000$68.39$3.20
Jun 2025T2 Operating164161000$68.17$3.02
May 2025T2 Operating217148000$62.17$3.12
Apr 2025T2 Operating660000$63.54$3.42
Mar 2025T2 Operating11217256560$68.24$4.12
Feb 2025T2 Operating186150000$71.53$4.19
Jan 2025T2 Operating165164000$75.74$4.13
Dec 2024T2 Operating206336000$70.12$3.01
Nov 2024T2 Operating970000$69.95$2.12
Oct 2024T2 Operating46173000$71.99$2.20
Sep 2024T2 Operating58135000$70.24$2.28
Aug 2024T2 Operating1280000$76.68$1.99
Jul 2024T2 Operating151180000$81.80$2.07
Jun 2024T2 Operating70156000$79.77$2.54
May 2024White Rock72173000$80.02$2.12
Apr 2024White Rock830000$85.35$1.60
Mar 2024White Rock86180000$81.28$1.49
Feb 2024White Rock1430000$77.25$1.72
Jan 2024White Rock133176000$74.15$3.18
Dec 2023White Rock180182000$71.90$2.52
Nov 2023White Rock191175000$77.69$2.71
Oct 2023White Rock159186000$85.64$2.98
Sep 2023White Rock182185000$89.43$2.64
Aug 2023White Rock131149000$81.39$2.58

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

OperatorR3 Operating CorporationFieldRussell (Clearfork ConsolidatedCountyGaines County

R3 Operating Corporation in Gaines County

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Russell (Clearfork Consolidated field

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