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Texas oil lease

Producing

MABEE 139 X4

Mabee 139 X4 is an oil lease in Martin County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

Oil lease dossier

1,662bbl oil, last 12 months+30% vs prior year
Operator
Cog Operating LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-54674

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
4,595 mcf
Oil in Jul 2026
123 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 rose 30% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 30% over the last 12 monthsMonthly oil production and gas for MABEE 139 X4, Aug 2023 to Jul 2026. Oil output rose 30% over the last 12 months. 1,662 bbl in the 12 months through Jul 2026, against 1,275 bbl in the 12 months before.Last 12 months: 1,662 bblbbl per monthmcf per month001002502005003007504001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 30% over the last 12 monthsMonthly oil production and gas for MABEE 139 X4, Aug 2023 to Jul 2026. Oil output rose 30% over the last 12 months. 1,662 bbl in the 12 months through Jul 2026, against 1,275 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002502005003007504001,000Jan 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

Flaring peaked at 3.5% of the gas in Aug 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
88% of the gas went to a processing plant in the last 12 monthsShare of MABEE 139 X4 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. Flaring peaked at 3.5% of the gas in Aug 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
88% of the gas went to a processing plant in the last 12 monthsShare of MABEE 139 X4 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. Flaring peaked at 3.5% of the gas in Aug 2025.Share of gas by disposition code0%50%100%Flared 3.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    88% · 4,023 mcf

  • Lease fuel (1)

    12% · 561 mcf

  • Flared (4)

    0.2% · 11 mcf

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

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
Energy Transfer CompanyOilGathers100Apr 1, 2026–
Enterprise Products Operating LLCCasinghead gasBuys50Apr 1, 2025–
Oneok Midland Midstream, LLCCasinghead gasBuys50Apr 1, 2026–
Enlink Permian, LLCCasinghead gasGathers50Apr 1, 2025–
Enterprise Products Operating LLCCasinghead gasGathers50Apr 1, 2025–
Coronado Midstream LLCCasinghead gasBuys50Apr 1, 2025Apr 1, 2026
Centurion Pipeline L.p.OilGathers100May 1, 2025Apr 1, 2026
Energy Transfer CompanyOilGathers100Apr 1, 2025May 1, 2025
Enlink Permian, LLCCasinghead gasGathers10Aug 1, 2024Apr 1, 2025
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasGathers90Aug 1, 2024Apr 1, 2025
Coronado Midstream LLCCasinghead gasBuys10Aug 1, 2024Apr 1, 2025

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

Who buys my oilOil price check

1,287.60 acres on the newest permit

  • Worth asking

    A production sharing agreement well is on this lease

    A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives 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 Mabee 139 X4
API numberWell no.Acreson the permit
42-317-396051028BH1,287.60
42-317-396051028H1,287.60

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 139 X4
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261231079257730$80.46$2.89
Jun 20262021757036060$84.81$3.15
May 20261521443222750$102.13$2.94
Apr 202676762402150$100.32$2.77
Mar 20261281312542300$91.38$3.04
Feb 20261401342242010$64.51$3.62
Jan 20261131273162830$60.04$7.72
Dec 20251861903102780$57.97$4.26
Nov 20251191162552260$60.06$3.79
Oct 20251281323403070$60.89$3.19
Sep 20251491523923550$63.96$2.97
Aug 202514613831427411$64.86$2.91
Jul 20251501422892621$68.39$3.20
Jun 202580733232961$68.17$3.02
May 202570663443280$62.17$3.12
Apr 202560753483453$63.54$3.42
Mar 20251331482602600$68.24$4.12
Feb 20251851702022020$71.53$4.19
Jan 20251571542032030$75.74$4.13
Dec 20241681602292272$70.12$3.01
Nov 20241251252682680$69.95$2.12
Oct 202493882782780$71.99$2.20
Sep 202454474824775$70.24$2.28
Aug 2024004744713$76.68$1.99
Jul 2024006136130$81.80$2.07
Jun 20240136096090$79.77$2.54
May 2024831094744740$80.02$2.12
Apr 20241911924444440$85.35$1.60
Mar 20242842842862860$81.28$1.49
Feb 20243403333103100$77.25$1.72
Jan 20243022902282280$74.15$3.18
Dec 20231711851561560$71.90$2.52
Nov 20231581641411410$77.69$2.71
Oct 20231521511501500$85.64$2.98
Sep 20231641501511510$89.43$2.64
Aug 20231501521421420$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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