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Texas oil lease

Producing

MABEE 138

Mabee 138 is an oil lease in Martin County, Texas, operated by Cog Operating LLC in the Lowe (Atoka) field.

5 wells

12,680bbl oil, last 12 months−8% vs prior year
Operator
Cog Operating LLC
County
Martin County
Field
Lowe (Atoka)
RRC lease
08-41814

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
157,181 mcf
Oil in Jul 2026
1,259 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ONEOK MIDLAND MIDSTREAM, LLC replaced CORONADO MIDSTREAM LLC as the buyer of this lease's gas from oil wells on Apr 1, 2026.

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

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Production by month

Oil output fell 8% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for MABEE 138, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 12,680 bbl in the 12 months through Jul 2026, against 13,745 bbl in the 12 months before.Last 12 months: 12,680 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for MABEE 138, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 12,680 bbl in the 12 months through Jul 2026, against 13,745 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.4% of the gas in Apr 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of MABEE 138 gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.4% of the gas in Apr 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of MABEE 138 gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.4% of the gas in Apr 2024.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)

    100% · 156,683 mcf

  • Flared (4)

    0.3% · 498 mcf

0.3% of the gas flared in the last 12 months. 3 months above 3%.

5 wells on this lease

Wells on MABEE 138
API numberWell no.Status
42-317-36351701Active
42-317-36666705HShut-in
42-317-37221801HActive
42-317-37273702HActive
42-317-39065802HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers100Apr 1, 2026–
Enterprise Products Operating LLCCasinghead gasBuys50May 1, 2025–
Oneok Midland Midstream, LLCCasinghead gasBuys50Apr 1, 2026–
Enlink Permian, LLCCasinghead gasGathers50May 1, 2025–
Enterprise Products Operating LLCCasinghead gasGathers50May 1, 2025–
Coronado Midstream LLCCasinghead gasBuys50May 1, 2025Apr 1, 2026
Oryx Midland Oil Gathering LLCOilGathers100Dec 1, 2019Apr 1, 2026
Enlink Permian, LLCCasinghead gasGathers10Aug 1, 2024May 1, 2025
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasGathers90Aug 1, 2024May 1, 2025
Coronado Midstream LLCCasinghead gasBuys10Aug 1, 2024May 1, 2025
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasBuys90Aug 1, 2024May 1, 2025

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

Who buys my oilOil price check

5,760 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 640 and 6,400 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Mabee 138
API numberWell no.Acreson the permit
42-317-36666705H5,760
42-317-39065802HA5,760
42-317-36351701640
42-317-37273702H640
42-317-37221801H6,400

SourceRailroad Commission drilling permits, Oct 3, 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 MABEE 138
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,2591,18911,72511,7250$80.46$2.89
Jun 20261,2821,25315,06115,0610$84.81$3.15
May 20261,4661,48415,90315,9030$102.13$2.94
Apr 20261,5651,45517,13317,1330$100.32$2.77
Mar 20262122067,2867,2860$91.38$3.04
Feb 20262923277,5517,5510$64.51$3.62
Jan 20267918486,7426,7420$60.04$7.72
Dec 20251,2071,19014,63014,6300$57.97$4.26
Nov 20251,1421,21014,92714,9270$60.06$3.79
Oct 20251,1891,20615,26315,2630$60.89$3.19
Sep 20251,2111,14715,29915,095204$63.96$2.97
Aug 20251,0641,04315,66115,367294$64.86$2.91
Jul 20251,0601,06515,25915,2590$68.39$3.20
Jun 20251,1401,13315,60315,6030$68.17$3.02
May 20251,1351,15016,10116,1010$62.17$3.12
Apr 20251,1061,09215,35415,3540$63.54$3.42
Mar 20251,0951,06615,91315,9130$68.24$4.12
Feb 202587291010,43810,4380$71.53$4.19
Jan 20251,5251,56616,57416,5740$75.74$4.13
Dec 20241,2301,26518,78018,7800$70.12$3.01
Nov 20241,2581,20616,73416,166568$69.95$2.12
Oct 20241,0801,06518,61418,6140$71.99$2.20
Sep 20241,1421,14418,19418,1940$70.24$2.28
Aug 20241,1021,11216,51716,5170$76.68$1.99
Jul 20241,0501,04017,70617,7060$81.80$2.07
Jun 202484487214,83014,321501$79.77$2.54
May 20241,3161,318000$80.02$2.12
Apr 20241,2711,22417,46016,821598$85.35$1.60
Mar 202486393715,19615,1550$81.28$1.49
Feb 20241,2881,21516,78016,7410$77.25$1.72
Jan 20241,4591,47618,55218,5070$74.15$3.18
Dec 20231,4641,47218,44018,3960$71.90$2.52
Nov 20231,1931,24416,57316,5290$77.69$2.71
Oct 20231,1141,06118,53618,4920$85.64$2.98
Sep 20231,0231,04117,34117,2990$89.43$2.64
Aug 20231,2931,26620,15520,1100$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 LLCFieldLowe (Atoka)CountyMartin County

Cog Operating LLC in Martin County

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Lowe (Atoka) field

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