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Texas oil lease

Producing

LEDBETTER

Ledbetter is an oil lease in Wheeler County, Texas, operated by Mmgl Txph, LLC in the Mills Ranch (Granite Wash Cons.) field.

3 wells

3,543bbl oil, last 12 months−34% vs prior year
Operator
Mmgl Txph, LLC
County
Wheeler County
Field
Mills Ranch (Granite Wash Cons.)
RRC lease
10-08184

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Where it sits

This county

Wheeler CountyWheelerGrayHemphillRobertsWheeler County
Wheeler County
Gas, last 12 months
49,008 mcf
Oil in Jul 2026
404 bbl

Production by month

Oil output fell 34% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for LEDBETTER, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 3,543 bbl in the 12 months through Jul 2026, against 5,329 bbl in the 12 months before.Last 12 months: 3,543 bblbbl per monthmcf per month002502,5005005,0007507,5001,00010k1,25012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for LEDBETTER, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 3,543 bbl in the 12 months through Jul 2026, against 5,329 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,5005005,0007507,5001,00010k1,25012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuel

  • Transmission line (2)
  • Lease fuel (1)
Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuelShare of LEDBETTER gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Feb 2026: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuelShare of LEDBETTER gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuel.Share of gas by disposition code0%50%100%Feb 26: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    86% · 41,974 mcf

  • Lease fuel (1)

    14% · 7,034 mcf

Who has run this lease

The operator changed once, most recently in Oct 2023

Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to Sep 2023; Mmgl Txph, LLC, Oct 2023 to Jul 20262020202120222023202420252026Changed Oct 2023Blackbeard Operating, LLCJan 2020 to Sep 2023Mmgl Txph, LLCOct 2023 to now
Operators of this lease over timeBlackbeard Operating, LLC, Jan 2020 to Sep 2023; Mmgl Txph, LLC, Oct 2023 to Jul 20262020202120222023202420252026Changed Oct 2023Blackbeard Operating, LLCJan 2020 to Sep 2023Mmgl Txph, LLCOct 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on LEDBETTER
API numberWell no.Status
42-483-328333021Active
42-483-331384021HActive
42-483-332615021HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers17Nov 1, 2023–
Energy Transfer CompanyOilGathers17Nov 1, 2023–
Kimrad Transport, LPOilGathers17Nov 1, 2023–
Plains Marketing, L.p.OilGathers17Nov 1, 2023–
Sunoco Pipeline L.p.OilGathers16Nov 1, 2023–
Valero Marketing and Supply Co.OilGathers16Nov 1, 2023–
Mmgl Txph, LLCCasinghead gasBuys100Nov 1, 2023–
Mmgl Txph, LLCCasinghead gasGathers100Nov 1, 2023–
Dcp Operating Company, LPCasinghead gasGathers20Jan 1, 2023Nov 1, 2023
Energy Transfer CompanyCasinghead gasGathers20Jan 1, 2023Nov 1, 2023
Markwest Energy E TX Gas Co, LLCCasinghead gasGathers20Jan 1, 2023Nov 1, 2023
Palo Duro Pipelns (Tx Gath) L.p.Casinghead gasGathers20Jan 1, 2023Nov 1, 2023
Wtg Gas Gathering Company, LLCCasinghead gasGathers20Jan 1, 2023Nov 1, 2023
Dcp Operating Company, LPCasinghead gasBuys20Jan 1, 2023Nov 1, 2023

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

Who buys my oilOil price check

320 acres on the newest permit

The wells on this lease state different acreage

The permits state between 160 and 320 acres.

Permits for Ledbetter
API numberWell no.Acreson the permit
42-483-332615021H320
42-483-331384021H320
42-483-328333021160

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for LEDBETTER
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Mmgl Txph,4043406,4005,6410$80.46$2.89
Jun 2026Mmgl Txph,2591783,4522,8450$84.81$3.15
May 2026Mmgl Txph,6416925,9375,1750$102.13$2.94
Apr 2026Mmgl Txph,3603445,6174,8420$100.32$2.77
Mar 2026Mmgl Txph,2393506,0675,3720$91.38$3.04
Feb 2026Mmgl Txph,3201756,7105,9430$64.51$3.62
Jan 2026Mmgl Txph,4906400$60.04$7.72
Dec 2025Mmgl Txph,2753511,7011,2480$57.97$4.26
Nov 2025Mmgl Txph,3083374,7564,1520$60.06$3.79
Oct 2025Mmgl Txph,2161733,0482,5440$60.89$3.19
Sep 2025Mmgl Txph,2171742,6612,1640$63.96$2.97
Aug 2025Mmgl Txph,2553522,5952,0480$64.86$2.91
Jul 2025Mmgl Txph,5155127,0096,2900$68.39$3.20
Jun 2025Mmgl Txph,4723516,5615,8650$68.17$3.02
May 2025Mmgl Txph,3703246,1475,4200$62.17$3.12
Apr 2025Mmgl Txph,3646826,0755,4260$63.54$3.42
Mar 2025Mmgl Txph,23605,9015,2650$68.24$4.12
Feb 2025Mmgl Txph,2073372,6002,0940$71.53$4.19
Jan 2025Mmgl Txph,6425167,3686,6550$75.74$4.13
Dec 2024Mmgl Txph,6887025,3604,9390$70.12$3.01
Nov 2024Mmgl Txph,3933405,2544,7660$69.95$2.12
Oct 2024Mmgl Txph,5096788,4847,8120$71.99$2.20
Sep 2024Mmgl Txph,4623509,2398,5250$70.24$2.28
Aug 2024Mmgl Txph,4713505,4844,9060$76.68$1.99
Jul 2024Mmgl Txph,60982811,97811,1840$81.80$2.07
Jun 2024Mmgl Txph,56848810,93810,1800$79.77$2.54
May 2024Mmgl Txph,32548910,3239,7250$80.02$2.12
Apr 2024Mmgl Txph,3661768,2557,4890$85.35$1.60
Mar 2024Mmgl Txph,4065387,1016,3950$81.28$1.49
Feb 2024Mmgl Txph,4883538,1437,4560$77.25$1.72
Jan 2024Mmgl Txph,3915395,2054,6560$74.15$3.18
Dec 2023Mmgl Txph,1,05884412,17411,4170$71.90$2.52
Nov 2023Mmgl Txph,41652610,4349,6920$77.69$2.71
Oct 2023Mmgl Txph,55950510,5399,7730$85.64$2.98
Sep 2023Blackbeard Operating,4466889,6458,7690$89.43$2.64
Aug 2023Blackbeard Operating,69134612,47811,5830$81.39$2.58

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

OperatorMmgl Txph, LLCFieldMills Ranch (Granite Wash Cons.)CountyWheeler County

Mmgl Txph, LLC in Wheeler County

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Mills Ranch (Granite Wash Cons.) field

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