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Texas oil lease

Producing

L. SCHAEFER OIL UNIT

L. Schaefer Oil Unit is an oil lease in Reagan County, Texas, operated by Crescent Energy Operating, LLC in the Spraberry (Trend Area) field.

3 wells

3,315bbl oil, last 12 months−18% vs prior year
Operator
Crescent Energy Operating, LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-17567

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
70,539 mcf
Oil in Jun 2026
151 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Vital Energy, Inc. in Jan 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

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for L. SCHAEFER OIL UNIT, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 3,056 bbl in the 12 months through Jul 2026, against 3,735 bbl in the 12 months before.Last 12 months: 3,056 bblbbl per monthmcf per month001002,0002004,0003006,0004008,00050010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for L. SCHAEFER OIL UNIT, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 3,056 bbl in the 12 months through Jul 2026, against 3,735 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002,0002004,0003006,0004008,00050010kJan 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 last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of L. SCHAEFER OIL UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 transmission line in the last 12 monthsShare of L. SCHAEFER OIL UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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.

Who has run this lease

The operator changed 2 times, most recently in Jan 2026

Operators of this lease over timeLaredo Petroleum, Inc., Jan 2020 to Jan 2023; Vital Energy, Inc., Feb 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Feb 2023Changed Jan 2026Laredo Petroleum, Inc.Jan 2020 to Jan 2023Vital Energy, Inc.Feb 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timeLaredo Petroleum, Inc., Jan 2020 to Jan 2023; Vital Energy, Inc., Feb 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Feb 2023Changed Jan 2026Laredo Petroleum, Inc.Jan 2020 to Jan 2023Vital Energy, Inc.Feb 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on L. SCHAEFER OIL UNIT
API numberWell no.Status
42-173-3595115AActive
42-383-3731215PActive
42-383-3801415OActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Trafigura Trading LLCOilGathers100Mar 9, 2023–
Targa Midstream Services LLCCasinghead gasBuys100Mar 9, 2023–
Vital Midstream Services, LLCCasinghead gasGathers100Mar 9, 2023–
Laredo Midstream Services, LLCCasinghead gasGathers33May 1, 2020Mar 9, 2023
Targa Midstream Services LLCCasinghead gasGathers33May 1, 2020Mar 9, 2023
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers34May 1, 2020Mar 9, 2023
Coronado Midstream LLCCasinghead gasBuys33May 1, 2020Mar 9, 2023
Targa Midstream Services LLCCasinghead gasBuys33May 1, 2020Mar 9, 2023
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys34May 1, 2020Mar 9, 2023

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

Who buys my oilOil price check

156.32 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 156.31 and 156.32 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for L. Schaefer Oil Unit
API numberWell no.Acreson the permit
42-173-3595115A156.32
42-383-3801415O156.31
42-383-3731215P156.32

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

Unit decimal checker

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for L. SCHAEFER OIL UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy1512105,9315,9310$84.81$3.15
May 2026Crescent Energy2612026,1876,1870$102.13$2.94
Apr 2026Crescent Energy2803935,3145,3140$100.32$2.77
Mar 2026Crescent Energy3042175,2735,2730$91.38$3.04
Feb 2026Crescent Energy2472925,2015,2010$64.51$3.62
Jan 2026Crescent Energy3602926,1836,1830$60.04$7.72
Dec 2025Vital Energy,3242696,5706,5700$57.97$4.26
Nov 2025Vital Energy,2443266,1426,1420$60.06$3.79
Oct 2025Vital Energy,2681746,5866,5860$60.89$3.19
Sep 2025Vital Energy,3233176,3166,3160$63.96$2.97
Aug 2025Vital Energy,2942545,2575,2570$64.86$2.91
Jul 2025Vital Energy,2592755,5795,5790$68.39$3.20
Jun 2025Vital Energy,2502584,9324,9320$68.17$3.02
May 2025Vital Energy,2272486,1956,1950$62.17$3.12
Apr 2025Vital Energy,2452705,6365,6360$63.54$3.42
Mar 2025Vital Energy,3223006,6696,6690$68.24$4.12
Feb 2025Vital Energy,3564535,9315,9310$71.53$4.19
Jan 2025Vital Energy,4403795,8475,8470$75.74$4.13
Dec 2024Vital Energy,3803396,1226,1220$70.12$3.01
Nov 2024Vital Energy,2972515,8285,8280$69.95$2.12
Oct 2024Vital Energy,3183676,6876,6870$71.99$2.20
Sep 2024Vital Energy,3213236,4216,4210$70.24$2.28
Aug 2024Vital Energy,3204197,1787,1780$76.68$1.99
Jul 2024Vital Energy,3232686,9976,9970$81.80$2.07
Jun 2024Vital Energy,3502826,9446,9440$79.77$2.54
May 2024Vital Energy,3944474,0264,0260$80.02$2.12
Apr 2024Vital Energy,2631996,9036,9030$85.35$1.60
Mar 2024Vital Energy,3363546,8416,8410$81.28$1.49
Feb 2024Vital Energy,2882956,8126,8120$77.25$1.72
Jan 2024Vital Energy,3363127,1757,1750$74.15$3.18
Dec 2023Vital Energy,4185277,5287,5280$71.90$2.52
Nov 2023Vital Energy,3763708,9778,9770$77.69$2.71
Oct 2023Vital Energy,3332429,9289,9280$85.64$2.98
Sep 2023Vital Energy,2522738,1508,1500$89.43$2.64
Aug 2023Vital Energy,4054657,1787,1780$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

OperatorCrescent Energy Operating, LLCFieldSpraberry (Trend Area)CountyReagan County

Crescent Energy Operating, LLC in Reagan County

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Spraberry (Trend Area) field

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