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Texas oil lease

Producing

LETHA

Letha is an oil lease in Midland County, Texas, operated by Tripod Oil and Gas 3 LLC in the Brazos (San Andres) field.

Oil lease dossier

1,611bbl oil, last 12 months+138% vs prior year
Operator
Tripod Oil and Gas 3 LLC
County
Midland County
Field
Brazos (San Andres)
RRC lease
08-57423

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Oil in Jul 2026
112 bbl
Reporting since
Aug 2022

Production by month

Oil output rose 138% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output rose 138% over the last 12 monthsMonthly oil production for LETHA, Aug 2023 to Jul 2026. Oil output rose 138% over the last 12 months. 1,611 bbl in the 12 months through Jul 2026, against 677 bbl in the 12 months before.Last 12 months: 1,611 bblbbl per month0100200300400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 138% over the last 12 monthsMonthly oil production for LETHA, Aug 2023 to Jul 2026. Oil output rose 138% over the last 12 months. 1,611 bbl in the 12 months through Jul 2026, against 677 bbl in the 12 months before.Last 12 monthsbbl per month0100200300400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed once, most recently in Nov 2024

Operators of this lease over timeBustamante Resources LLC, Aug 2022 to Oct 2024; Tripod Oil and Gas 3 LLC, Nov 2024 to Jul 20262023202420252026Changed Nov 2024Bustamante Resources LLCAug 2022 to Oct 2024Tripod Oil and Gas 3 LLCNov 2024 to now
Operators of this lease over timeBustamante Resources LLC, Aug 2022 to Oct 2024; Tripod Oil and Gas 3 LLC, Nov 2024 to Jul 20262023202420252026Changed Nov 2024Bustamante Resources LLCAug 2022 to Oct 2024Tripod Oil and Gas 3 LLCNov 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Bml, Inc. BOilGathers100Jan 1, 2024–
Plains Marketing, L.p.OilGathers100Aug 1, 2022Jan 1, 2024

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

Who buys my oilOil price check

201 acres on the newest permit

A pooling certificate was filed

The wells on this lease state different acreage

The permits state between 177 and 201 acres.

Permits for Letha
API numberWell no.Acreson the permit
42-329-345646H201
42-329-311033177

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for LETHA
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026Tripod Oil112124$80.46$2.89
Jun 2026Tripod Oil88158$84.81$3.15
May 2026Tripod Oil220150$102.13$2.94
Apr 2026Tripod Oil111148$100.32$2.77
Mar 2026Tripod Oil137158$91.38$3.04
Feb 2026Tripod Oil300$64.51$3.62
Jan 2026Tripod Oil670$60.04$7.72
Dec 2025Tripod Oil139138$57.97$4.26
Nov 2025Tripod Oil208153$60.06$3.79
Oct 2025Tripod Oil209162$60.89$3.19
Sep 2025Tripod Oil163154$63.96$2.97
Aug 2025Tripod Oil127137$64.86$2.91
Jul 2025Tripod Oil870$68.39$3.20
Jun 2025Tripod Oil124185$68.17$3.02
May 2025Tripod Oil126152$62.17$3.12
Apr 2025Tripod Oil920$63.54$3.42
Mar 2025Tripod Oil101228$68.24$4.12
Feb 2025Tripod Oil220$71.53$4.19
Jan 2025Tripod Oil120$75.74$4.13
Dec 2024Tripod Oil80$70.12$3.01
Nov 2024Tripod Oil100$69.95$2.12
Oct 2024Bustamante Resources250$71.99$2.20
Sep 2024Bustamante Resources1058$70.24$2.28
Aug 2024Bustamante Resources60106$76.68$1.99
Jul 2024Bustamante Resources510$81.80$2.07
Jun 2024Bustamante Resources1200$79.77$2.54
May 2024Bustamante Resources285282$80.02$2.12
Apr 2024Bustamante Resources60122$85.35$1.60
Mar 2024Bustamante Resources300$81.28$1.49
Feb 2024Bustamante Resources220$77.25$1.72
Jan 2024Bustamante Resources2077$74.15$3.18
Dec 2023Bustamante Resources100$71.90$2.52
Nov 2023Bustamante Resources80$77.69$2.71
Oct 2023Bustamante Resources70$85.64$2.98
Sep 2023Bustamante Resources50$89.43$2.64
Aug 2023Bustamante Resources50$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

OperatorTripod Oil and Gas 3 LLCFieldBrazos (San Andres)CountyMidland County

Tripod Oil and Gas 3 LLC in Midland County

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Brazos (San Andres) field

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New drilling permits in Midland County

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