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Texas oil lease

Producing

KATIE STATE

Katie State is an oil lease in Midland County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

5 wells

91,778bbl oil, last 12 months−29% vs prior year
Operator
Cog Operating LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-51177

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
284,415 mcf
Oil in Jul 2026
6,971 bbl

Production by month

Oil output fell 29% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for KATIE STATE, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 91,778 bbl in the 12 months through Jul 2026, against 129,739 bbl in the 12 months before.Last 12 months: 91,778 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for KATIE STATE, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 91,778 bbl in the 12 months through Jul 2026, against 129,739 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of KATIE STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.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 processing plant in the last 12 monthsShare of KATIE STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant 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.

5 wells on this lease

Wells on KATIE STATE
API numberWell no.Status
42-329-431781108SHActive
42-329-431791109AHActive
42-329-431801110LHActive
42-329-431811111SHActive
42-329-431821112AHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Apr 1, 2026–
Oneok Midland Midstream, LLCCasinghead gasBuys100Apr 1, 2026–
Enlink Permian, LLCCasinghead gasGathers100Apr 1, 2026–
Enlink Midstream Services, LLCCasinghead gasGathers100Aug 1, 2022Apr 1, 2026
Coronado Midstream LLCCasinghead gasBuys100Aug 1, 2022Apr 1, 2026
Bml, Inc. BOilGathers5Aug 1, 2022Apr 1, 2026
Enterprise Crude Oil LLCOilGathers10Aug 1, 2022Apr 1, 2026
Gibson Energy Marketing, LLCOilGathers5Aug 1, 2022Apr 1, 2026
Plains Marketing, L.p.OilGathers40Aug 1, 2022Apr 1, 2026

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

Who buys my oilOil price check

1,003.61 acres on the newest permit

The wells on this lease state different acreage

The permits state between 642.2 and 1,003.61 acres.

Permits for Katie State
API numberWell no.Acreson the permit
42-329-431781108SH1,003.61
42-329-431791109AH1,003.61
42-329-431801110LH1,003.61
42-329-431811111SH1,003.61
42-329-431821112AH1,003.61
42-329-387101109WB642.20

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

Unit decimal checker

What ConocoPhillips told investors it received

Cog Operating LLC 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

36 months, newest first

Ledger for KATIE STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266,9716,98631,10531,1050$80.46$2.89
Jun 20266,3796,39429,07329,0730$84.81$3.15
May 20266,6596,68829,32229,3220$102.13$2.94
Apr 20266,9756,98627,13727,1370$100.32$2.77
Mar 20267,0337,02628,34928,3490$91.38$3.04
Feb 20266,1566,14720,14520,1450$64.51$3.62
Jan 20268,0688,07115,80315,8030$60.04$7.72
Dec 20258,5218,49013,67813,6780$57.97$4.26
Nov 20258,9898,99417,65617,6560$60.06$3.79
Oct 20258,9808,97321,30121,3010$60.89$3.19
Sep 20258,9758,91124,51824,5180$63.96$2.97
Aug 20258,0728,14426,32826,3280$64.86$2.91
Jul 20259,0389,26728,35628,3560$68.39$3.20
Jun 20259,6949,50315,59415,5940$68.17$3.02
May 202510,85910,82412,18012,1800$62.17$3.12
Apr 20259,5249,51011,47311,4730$63.54$3.42
Mar 202510,94410,97616,62416,6240$68.24$4.12
Feb 20257,9457,91221,92021,9200$71.53$4.19
Jan 202510,00110,00028,27528,2750$75.74$4.13
Dec 202411,62111,64233,02133,0210$70.12$3.01
Nov 202410,88510,86531,35231,3520$69.95$2.12
Oct 202411,13811,24925,52525,5250$71.99$2.20
Sep 202414,18514,12829,03229,0320$70.24$2.28
Aug 202413,90513,87426,03126,0310$76.68$1.99
Jul 202414,94714,97618,34518,3450$81.80$2.07
Jun 202416,35716,28117,61517,6150$79.77$2.54
May 202415,97416,07215,63215,513119$80.02$2.12
Apr 202413,95913,95716,65116,6510$85.35$1.60
Mar 202415,65115,60625,22125,2210$81.28$1.49
Feb 202413,98713,92620,58120,5810$77.25$1.72
Jan 20248,4938,5709,2439,2430$74.15$3.18
Dec 202310,78410,79713,30713,3070$71.90$2.52
Nov 20238,1788,03418,71618,7160$77.69$2.71
Oct 20234,3674,3854,9814,9810$85.64$2.98
Sep 20234,2424,2525,4325,4320$89.43$2.64
Aug 20234,4844,4526,3406,3400$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

OperatorCog Operating LLCFieldSpraberry (Trend Area)CountyMidland County

Cog Operating LLC in Midland County

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Spraberry (Trend Area) field

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