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Texas oil lease

Producing

LASSARD CALLAHAN

Lassard Callahan is an oil lease in Martin County, Texas, operated by SM Energy Company in the Spraberry (Trend Area) field.

1 well

7,921bbl oil, last 12 months−89% vs prior year
Operator
SM Energy Company
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-55371

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
33,439 mcf
Oil in Jun 2026
1,615 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ETC GAS PROCESSING, LLC replaced WTG GAS PROCESSING, L.P. as the buyer of this lease's gas from oil wells on Feb 1, 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 89% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 89% over the last 12 monthsMonthly oil production and gas for LASSARD CALLAHAN, Aug 2023 to Jul 2026. Oil output fell 89% over the last 12 months. 5,794 bbl in the 12 months through Jul 2026, against 52,119 bbl in the 12 months before.Last 12 months: 5,794 bblbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 89% over the last 12 monthsMonthly oil production and gas for LASSARD CALLAHAN, Aug 2023 to Jul 2026. Oil output fell 89% over the last 12 months. 5,794 bbl in the 12 months through Jul 2026, against 52,119 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

88% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
88% of the gas went to a processing plant in the last 12 monthsShare of LASSARD CALLAHAN gas by disposition code each month, Aug 2023 to Jul 2026. 88% 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
88% of the gas went to a processing plant in the last 12 monthsShare of LASSARD CALLAHAN gas by disposition code each month, Aug 2023 to Jul 2026. 88% 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.

  • Processing plant (3)

    88% · 29,380 mcf

  • Lease fuel (1)

    12% · 4,058 mcf

  • Flared (4)

    0.0% · 1 mcf

1 well on this lease

Wells on LASSARD CALLAHAN
API numberWell no.Status
42-317-431823212JMActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers100Feb 1, 2025–
Etc Gas Processing, LLCCasinghead gasBuys50Feb 1, 2025–
Targa Midland LLCCasinghead gasBuys50Feb 1, 2025–
Energy Transfer CompanyCasinghead gasGathers50Feb 1, 2025–
Targa Midland LLCCasinghead gasGathers50Feb 1, 2025–
Targa Midland LLCCasinghead gasGathers95Oct 19, 2020Feb 1, 2025
Wtg Gas Processing, L.p.Casinghead gasGathers5Oct 19, 2020Feb 1, 2025
Targa Midland LLCCasinghead gasBuys95Oct 19, 2020Feb 1, 2025
Wtg Gas Processing, L.p.Casinghead gasBuys5Oct 19, 2020Feb 1, 2025
Nustar Permian Trans and Stg,llcOilGathers100Oct 19, 2020Feb 1, 2025

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

Who buys my oilOil price check

1,291.40 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Lassard Callahan
API numberWell no.Acreson the permit
42-317-431823212JM1,291.40

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

Unit decimal checker

What SM Energy Company told investors it received

SM Energy Company is linked to SM Energy Company (SM).
Realized prices reported by SM Energy Company
QuarterOil$ per bblFiling
Q2 2026$96.85SEC filing
Q1 2026$73.69SEC filing
Q4 2025$58.17SEC filing
Q3 2025–SEC filing
Q2 2025$62.04SEC filing
Q1 2025$70.56SEC filing

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

Estimate your royalty

36 months, newest first

Ledger for LASSARD CALLAHAN
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report filed–––––$80.46$2.89
Jun 20261,6151,6002,8832,7961$84.81$3.15
May 20260102,8072,7200$102.13$2.94
Apr 20261,3521,3485,0254,8800$100.32$2.77
Mar 20267607582,7032,6140$91.38$3.04
Feb 20264984959058730$64.51$3.62
Jan 20261631621581520$60.04$7.72
Dec 2025771091050$57.97$4.26
Nov 202528281,2301,1800$60.06$3.79
Oct 202533443,2843,1030$60.89$3.19
Sep 20251,3221,3114,8194,5650$63.96$2.97
Aug 202516382,3421,8070$64.86$2.91
Jul 20252,1272,1447,1744,5850$68.39$3.20
Jun 20253,9963,99621,40515,666192$68.17$3.02
May 20254,1764,17821,75016,8050$62.17$3.12
Apr 20254,1304,14015,05714,7430$63.54$3.42
Mar 20254,3404,33216,09615,3740$68.24$4.12
Feb 20253,8053,79815,05013,4640$71.53$4.19
Jan 20254,1534,14418,20017,2340$75.74$4.13
Dec 20244,2994,29717,76116,9220$70.12$3.01
Nov 20243,7723,77016,10515,2080$69.95$2.12
Oct 20244,3344,34318,64617,4230$71.99$2.20
Sep 20245,1915,23325,24623,2830$70.24$2.28
Aug 20247,7967,93932,57631,4050$76.68$1.99
Jul 20245,3135,38015,73314,9420$81.80$2.07
Jun 20244,9204,90815,52513,9390$79.77$2.54
May 20246,3406,26414,71312,0980$80.02$2.12
Apr 20244,5994,64713,50412,8320$85.35$1.60
Mar 20245,6685,57515,61914,73120$81.28$1.49
Feb 20244,4924,48314,88114,44825$77.25$1.72
Jan 20243,7173,68915,31214,4590$74.15$3.18
Dec 20234,2374,28015,12214,30912$71.90$2.52
Nov 20234,8674,86015,53914,72619$77.69$2.71
Oct 20234,6744,67417,45816,6204$85.64$2.98
Sep 20234,8904,89216,32515,6000$89.43$2.64
Aug 20235,0375,01717,20016,37929$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

OperatorSM Energy CompanyFieldSpraberry (Trend Area)CountyMartin County

SM Energy Company in Martin County

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Spraberry (Trend Area) field

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