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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 Spraberry (Trend Area) field.

3 wells

26,487bbl oil, last 12 months−24% vs prior year
Operator
Cog Operating LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-43342

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
39,501 mcf
Oil in Jul 2026
1,908 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 24% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for MABEE 138, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 26,487 bbl in the 12 months through Jul 2026, against 34,796 bbl in the 12 months before.Last 12 months: 26,487 bblbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for MABEE 138, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 26,487 bbl in the 12 months through Jul 2026, against 34,796 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010kJan 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% · 39,418 mcf

  • Flared (4)

    0.2% · 83 mcf

0.2% of the gas flared in the last 12 months. 3 months above 3%.

3 wells on this lease

Wells on MABEE 138
API numberWell no.Status
42-317-37003706HActive
42-317-38317704HActive
42-317-38860601HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Midland Oil Gathering LLCOilGathers100Dec 1, 2019–
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
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
Enlink North Texas Gathering, LPCasinghead gasGathers100Jun 1, 2016Dec 1, 2019

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 5,780 acres. Use the acres from your own division order for the well you are paid on.

  • 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 Mabee 138
API numberWell no.Acreson the permit
42-317-36666705H5,760
42-317-38860601H5,760
42-317-38317704H640
42-317-36351701640
42-317-37003706H5,780

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 20261,9081,8302,1972,1970$80.46$2.89
Jun 20262,1772,1363,6803,6800$84.81$3.15
May 20262,6022,5344,3594,3590$102.13$2.94
Apr 20261,6751,8272,0202,0200$100.32$2.77
Mar 20262,0882,0765,2425,2420$91.38$3.04
Feb 20263,3173,2725,8635,8630$64.51$3.62
Jan 20263,2263,1833,4953,4950$60.04$7.72
Dec 20252,0842,0462,4762,4760$57.97$4.26
Nov 20251,8801,9692,4822,4820$60.06$3.79
Oct 20251,7911,8252,5082,5080$60.89$3.19
Sep 20251,8761,8022,5562,52234$63.96$2.97
Aug 20251,8631,9112,6232,57449$64.86$2.91
Jul 20252,7802,8194,8394,8390$68.39$3.20
Jun 20253,2613,2335,7165,7160$68.17$3.02
May 20253,1483,2065,5635,5630$62.17$3.12
Apr 20253,2233,2104,9934,9930$63.54$3.42
Mar 20253,5223,4935,8175,8170$68.24$4.12
Feb 20253,6043,5415,2195,2190$71.53$4.19
Jan 20253,1733,1733,6303,6300$75.74$4.13
Dec 20241,8612,0442,3222,3220$70.12$3.01
Nov 20242,7922,6154,3134,167146$69.95$2.12
Oct 20241,8881,9472,7272,7270$71.99$2.20
Sep 20242,8282,8325,9825,9820$70.24$2.28
Aug 20242,7162,8385,5625,5620$76.68$1.99
Jul 20243,3773,3336,8896,8890$81.80$2.07
Jun 20242,6422,5514,7914,626162$79.77$2.54
May 20242,5192,586000$80.02$2.12
Apr 20242,9682,9248,2457,944282$85.35$1.60
Mar 20242,5832,7008,3398,3170$81.28$1.49
Feb 20243,0852,8718,8778,8570$77.25$1.72
Jan 20242,9312,9477,1477,1300$74.15$3.18
Dec 20232,7242,7567,8577,8380$71.90$2.52
Nov 20232,3662,5856,5036,4860$77.69$2.71
Oct 20232,9462,8178,2718,2520$85.64$2.98
Sep 20232,8082,8417,6127,5930$89.43$2.64
Aug 20233,4023,3337,7977,7790$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 LLCFieldSpraberry (Trend Area)CountyMartin County

Cog Operating LLC in Martin County

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Spraberry (Trend Area) field

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