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Royalty Clerk

Texas oil lease

Producing

KELTON

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

5 wells

8,484bbl oil, last 12 months−21% vs prior year
Operator
Cog Operating LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-40138

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
78,352 mcf
Oil in Jul 2026
532 bbl

Production by month

Oil output fell 21% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for KELTON, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 8,484 bbl in the 12 months through Jul 2026, against 10,743 bbl in the 12 months before.Last 12 months: 8,484 bblbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for KELTON, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 8,484 bbl in the 12 months through Jul 2026, against 10,743 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.4% of the gas in Aug 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
98% of the gas went to a processing plant in the last 12 monthsShare of KELTON gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.4% of the gas in Aug 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a processing plant in the last 12 monthsShare of KELTON gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.4% of the gas in Aug 2025.Share of gas by disposition code0%50%100%Flared 3.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 76,877 mcf

  • Lease fuel (1)

    1.5% · 1,163 mcf

  • Flared (4)

    0.4% · 312 mcf

0.4% of the gas flared in the last 12 months. One month above 3%.

5 wells on this lease

Wells on KELTON
API numberWell no.Status
42-317-35809502Active
42-317-35812501Active
42-317-36559504Active
42-317-37307506Active
42-317-37308505Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers100Apr 1, 2026–
Enterprise Products Operating LLCCasinghead gasBuys50Apr 1, 2026–
Oneok Midland Midstream, LLCCasinghead gasBuys50Apr 1, 2026–
Enlink Permian, LLCCasinghead gasGathers50Apr 1, 2026–
Enterprise Products Operating LLCCasinghead gasGathers50Apr 1, 2026–
Enlink North Texas Gathering, LPCasinghead gasGathers100Jun 1, 2016Apr 1, 2026
Coronado Midstream LLCCasinghead gasBuys100Jan 1, 2014Apr 1, 2026
Lpc Crude Oil Marketing LLCOilGathers100Dec 1, 2016Apr 1, 2026

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

Who buys my oilOil price check

367.43 acres on the newest permit

Permits for Kelton
API numberWell no.Acreson the permit
42-317-37308505367.43
42-317-37307506367.43
42-317-36559504367.43
42-317-35809502367.43
42-317-35812501367.43

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 KELTON
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265325326,8296,7300$80.46$2.89
Jun 20266826886,9846,8880$84.81$3.15
May 20269309187,2217,1220$102.13$2.94
Apr 20265707015,6405,5440$100.32$2.77
Mar 20266235796,0965,9970$91.38$3.04
Feb 20265715955,9315,8450$64.51$3.62
Jan 20268047716,5196,4200$60.04$7.72
Dec 20257778526,6686,5690$57.97$4.26
Nov 20257346726,7636,6670$60.06$3.79
Oct 20257296515,9605,8610$60.89$3.19
Sep 20257791,0596,6736,50770$63.96$2.97
Aug 20257537537,0686,727242$64.86$2.91
Jul 20258296966,9326,8330$68.39$3.20
Jun 20258899137,1217,0250$68.17$3.02
May 20251,0271,0006,6476,5480$62.17$3.12
Apr 20258479016,2036,1070$63.54$3.42
Mar 20258638306,3656,2660$68.24$4.12
Feb 20257307145,6905,6040$71.53$4.19
Jan 20259178886,3156,2160$75.74$4.13
Dec 20249669506,7196,6200$70.12$3.01
Nov 20249027826,3536,2570$69.95$2.12
Oct 20249701,1856,8356,7360$71.99$2.20
Sep 20248807356,6646,5680$70.24$2.28
Aug 20249238847,0936,9940$76.68$1.99
Jul 20249679397,0426,9430$81.80$2.07
Jun 20247277055,8535,7570$79.77$2.54
May 20249521,010000$80.02$2.12
Apr 20241,0009476,5816,4850$85.35$1.60
Mar 20249951,0216,6326,5330$81.28$1.49
Feb 20249709585,9465,8530$77.25$1.72
Jan 20241,1191,1186,3446,2450$74.15$3.18
Dec 20231,1231,1226,7706,7120$71.90$2.52
Nov 20238158205,8085,8080$77.69$2.71
Oct 20239089146,4766,4760$85.64$2.98
Sep 20237327185,9865,9860$89.43$2.64
Aug 20237967797,2857,2850$81.39$2.58

Flared above 3%

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)CountyMartin County

Cog Operating LLC in Martin County

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Spraberry (Trend Area) field

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