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Texas oil lease

Producing

JONES ESTATE

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

1 well

1,517bbl oil, last 12 months−20% vs prior year
Operator
R3 Operating Corporation
County
Gaines County
Field
Russell (Clearfork Consolidated
RRC lease
8A-68917

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Where it sits

This county

Gaines CountyGainesYoakumDawsonTerryGaines County
Gaines County
Gas, last 12 months
3 mcf
Oil in Jul 2026
177 bbl

Production by month

Oil output fell 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for JONES ESTATE, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 1,517 bbl in the 12 months through Jul 2026, against 1,887 bbl in the 12 months before.Last 12 months: 1,517 bblbbl per monthmcf per month0050210041506200825010Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for JONES ESTATE, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 1,517 bbl in the 12 months through Jul 2026, against 1,887 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050210041506200825010Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the 4 months reported

Flaring peaked at 100.0% of the gas in Oct 2024.

All of the gas went to flaring in the 4 months reportedShare of JONES ESTATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the 4 months reported. Flaring peaked at 100.0% of the gas in Oct 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the 4 months reportedShare of JONES ESTATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the 4 months reported. Flaring peaked at 100.0% of the gas in Oct 2024.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the 4 months reported. 4 months above 3%.

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
API numberWell no.Status
42-165-321664981Active

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

Permits for Jones Estate
API numberWell no.Acreson the permit
42-165-32166498140

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for JONES ESTATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026R3 Operating177177000$80.46$2.89
Jun 2026R3 Operating510000$84.81$3.15
May 2026R3 Operating117168000$102.13$2.94
Apr 2026R3 Operating135176000$100.32$2.77
Mar 2026R3 Operating138178000$91.38$3.04
Feb 2026R3 Operating172177000$64.51$3.62
Jan 2026R3 Operating1450000$60.04$7.72
Dec 2025R3 Operating33173000$57.97$4.26
Nov 2025R3 Operating1290000$60.06$3.79
Oct 2025R3 Operating157177000$60.89$3.19
Sep 2025R3 Operating127177000$63.96$2.97
Aug 2025R3 Operating136175303$64.86$2.91
Jul 2025T2 Operating143154000$68.39$3.20
Jun 2025T2 Operating1370606$68.17$3.02
May 2025T2 Operating157166303$62.17$3.12
Apr 2025T2 Operating150147000$63.54$3.42
Mar 2025T2 Operating150144000$68.24$4.12
Feb 2025T2 Operating164307000$71.53$4.19
Jan 2025T2 Operating1230000$75.74$4.13
Dec 2024T2 Operating168176000$70.12$3.01
Nov 2024T2 Operating169354000$69.95$2.12
Oct 2024T2 Operating159354606$71.99$2.20
Sep 2024T2 Operating2010000$70.24$2.28
Aug 2024T2 Operating166177000$76.68$1.99
Jul 2024T2 Operating250000$81.80$2.07
Jun 2024T2 Operating343000$79.77$2.54
May 2024White Rock42179000$80.02$2.12
Apr 2024White Rock530000$85.35$1.60
Mar 2024White Rock560000$81.28$1.49
Feb 2024White Rock530000$77.25$1.72
Jan 2024White Rock580000$74.15$3.18
Dec 2023White Rock65193000$71.90$2.52
Nov 2023White Rock82177000$77.69$2.71
Oct 2023White Rock1140000$85.64$2.98
Sep 2023White Rock37193000$89.43$2.64
Aug 2023White Rock480000$81.39$2.58

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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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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