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Texas oil lease

Producing

MASTERSON RED CAVE UNIT

Masterson Red Cave Unit is an oil lease in Moore County, Texas, operated by SNW Operating Company in the Panhandle (Red Cave) field.

21 wells

5,664bbl oil, last 12 months+89% vs prior year
Operator
SNW Operating Company
County
Moore County
Field
Panhandle (Red Cave)
RRC lease
10-03782

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Where it sits

This county

Moore CountyMooreHutchinsonHansfordShermanDallamOldhamHartleyMoore County
Moore County
Gas, last 12 months
4,978 mcf
Oil in Jul 2026
317 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: SNW Operating Company took over from Polaris Operating, LLC in Oct 2024.

  • P-5

    The previous operator's P-5 registration is listed as delinquent (last P-5 filed Oct 27, 2023).

  • Buyer

    Buyer changed: IACX ROCK CREEK LLC replaced PIONEER NATURAL RES. USA, INC. as the buyer of this lease's gas from oil wells on Oct 22, 2024.

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

See why checks stop on this lease

Production by month

Oil output rose 89% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 89% over the last 12 monthsMonthly oil production and gas for MASTERSON RED CAVE UNIT, Aug 2023 to Jul 2026. Oil output rose 89% over the last 12 months. 5,664 bbl in the 12 months through Jul 2026, against 2,996 bbl in the 12 months before.Last 12 months: 5,664 bblbbl per monthmcf per month002005004001,0006001,5008002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 89% over the last 12 monthsMonthly oil production and gas for MASTERSON RED CAVE UNIT, Aug 2023 to Jul 2026. Oil output rose 89% over the last 12 months. 5,664 bbl in the 12 months through Jul 2026, against 2,996 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,000Jan 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 a processing plant

  • Processing plant (3)
  • Transmission line (2)
Since Feb 2026 the lease's gas goes to a transmission line instead of a processing plantShare of MASTERSON RED CAVE UNIT 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 a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Feb 2026: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2026 the lease's gas goes to a transmission line instead of a processing plantShare of MASTERSON RED CAVE UNIT 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 a processing plant.Share of gas by disposition code0%50%100%Feb 26: plant to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    70% · 4,978 mcf

  • Processing plant (3)

    30% · 2,095 mcf

Who has run this lease

The operator changed once, most recently in Oct 2024

Operators of this lease over timePolaris Operating, LLC, Jan 2020 to Sep 2024; SNW Operating Company, Oct 2024 to Jul 20262020202120222023202420252026Changed Oct 2024Polaris Operating, LLCJan 2020 to Sep 2024SNW Operating CompanyOct 2024 to now
Operators of this lease over timePolaris Operating, LLC, Jan 2020 to Sep 2024; SNW Operating Company, Oct 2024 to Jul 20262020202120222023202420252026Changed Oct 2024Polaris Operating, LLCJan 2020 to Sep 2024SNW Operating CompanyOct 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

21 wells on this lease

Wells on MASTERSON RED CAVE UNIT
API numberWell no.Status
42-341-30071103Active
42-341-30073101Active
42-341-30079102Active
42-341-30081104Active
42-341-30086202Active
42-341-30087201Active
42-341-30088105Active
42-341-30114R 7Shut-in
42-341-30115204Active
42-341-30504109Active
42-341-30530110Active
42-341-31979205Active
42-341-319801011Active
42-341-321261012Active
42-341-33320215Active
42-341-33321118Active
42-341-33370212Active
42-341-33375223Active
42-341-33397213Active
42-341-33398224Active
42-341-33681113LCActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Mission Petroleum Carriers, Inc.OilGathers100Oct 22, 2024–
Iacx Rock Creek LLCCasinghead gasBuys100Oct 22, 2024–
Iacx Rock Creek LLCCasinghead gasGathers100Oct 22, 2024–
Colorado Intrstate Gas Co,l.l.c.Casinghead gasGathers100Apr 1, 2013Oct 22, 2024
Pioneer Natural Res. Usa, Inc.Casinghead gasBuys100Mar 1, 2000Oct 22, 2024
Valero Marketing and Supply Co.OilGathers100Jan 1, 2003Oct 22, 2024

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

Who buys my oilOil price check

428.35 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 428 and 428.35 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    34 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Check your decimal on this lease
Permits for Masterson Red Cave Unit
API numberWell no.Acreson the permit
42-341-33681113LC428.35
42-341-33398224428.35
42-341-33397213428.35
42-341-33375223428.35
42-341-33370212428.35
42-341-33320215428.35
42-341-33321118428.35
42-341-321261012428.35
42-341-31979205428.35
42-341-319801011428.35
42-341-30530110428
42-341-30504109428

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

Unit decimal checker

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36 months, newest first

Ledger for MASTERSON RED CAVE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026SNW Operating3173662422420$80.46$2.89
Jun 2026SNW Operating4433755565560$84.81$3.15
May 2026SNW Operating3971721,3621,3620$102.13$2.94
Apr 2026SNW Operating3106691,6811,6810$100.32$2.77
Mar 2026SNW Operating4585161,0031,0030$91.38$3.04
Feb 2026SNW Operating4153351341340$64.51$3.62
Jan 2026SNW Operating356163000$60.04$7.72
Dec 2025SNW Operating375648000$57.97$4.26
Nov 2025SNW Operating566217000$60.06$3.79
Oct 2025SNW Operating725849000$60.89$3.19
Sep 2025SNW Operating645502000$63.96$2.97
Aug 2025SNW Operating657911000$64.86$2.91
Jul 2025SNW Operating493561000$68.39$3.20
Jun 2025SNW Operating574654000$68.17$3.02
May 2025SNW Operating677356000$62.17$3.12
Apr 2025SNW Operating731709000$63.54$3.42
Mar 2025SNW Operating194188000$68.24$4.12
Feb 2025SNW Operating160335000$71.53$4.19
Jan 2025SNW Operating00000$75.74$4.13
Dec 2024SNW Operating00000$70.12$3.01
Nov 2024SNW Operating1670000$69.95$2.12
Oct 2024SNW Operating00000$71.99$2.20
Sep 2024Polaris Operating,00000$70.24$2.28
Aug 2024Polaris Operating,00000$76.68$1.99
Jul 2024Polaris Operating,00000$81.80$2.07
Jun 2024Polaris Operating,00000$79.77$2.54
May 2024Polaris Operating,00000$80.02$2.12
Apr 2024Polaris Operating,0013130$85.35$1.60
Mar 2024Polaris Operating,004994990$81.28$1.49
Feb 2024Polaris Operating,5365362422420$77.25$1.72
Jan 2024Polaris Operating,2411743133130$74.15$3.18
Dec 2023Polaris Operating,4293534014010$71.90$2.52
Nov 2023Polaris Operating,6537186276270$77.69$2.71
Oct 2023Polaris Operating,6905367677670$85.64$2.98
Sep 2023Polaris Operating,2253484024020$89.43$2.64
Aug 2023Polaris Operating,6988747797790$81.39$2.58

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

OperatorSNW Operating CompanyFieldPanhandle (Red Cave)CountyMoore County

SNW Operating Company in Moore County

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Panhandle (Red Cave) field

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